Eager Beaver
Dryer sheet aficionado
- Joined
- May 31, 2010
- Messages
- 28
A little background... I'm 22, Canadian, and will graduate in April with a bachelors in mechanical engineering and a net worth of about 30k. I'm finishing a year long internship with Megacorp, done in September.
So, fairly quickly (within a few months or so) I will be presented with a key choice... namely what career to pursue to accumulate enough to FIRE. I understand that careers are quite fluid these days and if I don't like where I work, I can start over somewhere else. But I'd rather get this right the first time, as every mistake puts off FIRE just a little bit longer...
Option A involves continuing with the consulting company where I am doing the internship. The work is somewhat interesting, and is project based so when you become a professional (in 4 or so years for me) you get complete autonomy over a project within the set deadlines. The hours are flexible (very rarely does anyone work over 40 hours a week and if they do, they charge handsome overtime) and the people I work with are all friendly and aren't all fighting for the next promotion. The company is still rapidly expanding, and I would have a bit of a headstart over my peers who may join this industry without any prior experience...
However, the retirement benefits suck (2% matched in terrible high MER mutuals, better than nothing I suppose) and the health benefits are mid-range to slightly better than average.
If I were to chase the money, however... I could go work in the oil industry. I live in oil town, come from an oil family, and there has never really been a big shortage of skilled oil engineers. The initial and potential compensation blows option A out of the water, but I have friends on internship there and all they do is reports, field inspections, youtube and homework (and get paid 20% more than me, ha). They often say they are jealous of the things I get to design, and that I can wear jeans to work, etc... but I always remind them they will make 2x what I will in 10 years, and they shut up
One other great thing about option A is that megacorp has offices in pretty much every developed country, and there are great opportunities to work abroad and travel on the company's dime. I could go work in Africa, or the UK, or Madrid... With oil, I would probably be stuck in [-]concentration camps[/-] drilling sites while I earn my management stripes (then after, make 200k+ a year).
I ask the experienced and wise ones of this fantastic board, given the choice of working ~50% longer to reach FIRE, but having a tolerable job, vs retiring ludicrously early in a job you would probably not enjoy as much (but may not hate, either...) what would you choose?
So, fairly quickly (within a few months or so) I will be presented with a key choice... namely what career to pursue to accumulate enough to FIRE. I understand that careers are quite fluid these days and if I don't like where I work, I can start over somewhere else. But I'd rather get this right the first time, as every mistake puts off FIRE just a little bit longer...
Option A involves continuing with the consulting company where I am doing the internship. The work is somewhat interesting, and is project based so when you become a professional (in 4 or so years for me) you get complete autonomy over a project within the set deadlines. The hours are flexible (very rarely does anyone work over 40 hours a week and if they do, they charge handsome overtime) and the people I work with are all friendly and aren't all fighting for the next promotion. The company is still rapidly expanding, and I would have a bit of a headstart over my peers who may join this industry without any prior experience...
However, the retirement benefits suck (2% matched in terrible high MER mutuals, better than nothing I suppose) and the health benefits are mid-range to slightly better than average.
If I were to chase the money, however... I could go work in the oil industry. I live in oil town, come from an oil family, and there has never really been a big shortage of skilled oil engineers. The initial and potential compensation blows option A out of the water, but I have friends on internship there and all they do is reports, field inspections, youtube and homework (and get paid 20% more than me, ha). They often say they are jealous of the things I get to design, and that I can wear jeans to work, etc... but I always remind them they will make 2x what I will in 10 years, and they shut up
One other great thing about option A is that megacorp has offices in pretty much every developed country, and there are great opportunities to work abroad and travel on the company's dime. I could go work in Africa, or the UK, or Madrid... With oil, I would probably be stuck in [-]concentration camps[/-] drilling sites while I earn my management stripes (then after, make 200k+ a year).
I ask the experienced and wise ones of this fantastic board, given the choice of working ~50% longer to reach FIRE, but having a tolerable job, vs retiring ludicrously early in a job you would probably not enjoy as much (but may not hate, either...) what would you choose?