I would appreciate your opinions on this:
My employer of 12 years was recently bought out, and my dept (accounting) will be eliminated this year. After a couple months of job hunting, I realize I am unlikely to get my current salary without a degree. In fact, I am unlikely to get my current 30 hour salary for a 40 hour j*b.
I have been working on my accounting degree sporadically over the last several years, and started taking classes again this past fall. With DH's strong support, I will likely finish my degree before going back to FT w*rk. We feel this is in our long term interests, even though DH is currently on unpaid medical leave and may be for several more months. (luckily we've been building our emergency fund for a while due to layoff rumors)
Unless I can find PT w*rk w/benefits at my current hourly rate, the two main options we are considering are:
I attend school FT, pay for part-time daycare and health insurance (probably COBRA) from savings, no retirement contributions, and complete degree in 12 months.
- OR -
I can w*rk half time in a much lower level position w/benefits, income will only cover Roth contributions, PT daycare and health insurance (group plan), and complete degree in 18-24 months.
Do you think future employers will frown on either scenario? Is one better/worse than the other in terms of my future employment prospects?
I am leaning towards option 2 because I want to avoid COBRA, but I don't want it to come back and bite me in the a$$ when I am j*b hunting two years from now.
Thanks for any advice/opinions!!
My employer of 12 years was recently bought out, and my dept (accounting) will be eliminated this year. After a couple months of job hunting, I realize I am unlikely to get my current salary without a degree. In fact, I am unlikely to get my current 30 hour salary for a 40 hour j*b.
I have been working on my accounting degree sporadically over the last several years, and started taking classes again this past fall. With DH's strong support, I will likely finish my degree before going back to FT w*rk. We feel this is in our long term interests, even though DH is currently on unpaid medical leave and may be for several more months. (luckily we've been building our emergency fund for a while due to layoff rumors)
Unless I can find PT w*rk w/benefits at my current hourly rate, the two main options we are considering are:
I attend school FT, pay for part-time daycare and health insurance (probably COBRA) from savings, no retirement contributions, and complete degree in 12 months.
- OR -
I can w*rk half time in a much lower level position w/benefits, income will only cover Roth contributions, PT daycare and health insurance (group plan), and complete degree in 18-24 months.
Do you think future employers will frown on either scenario? Is one better/worse than the other in terms of my future employment prospects?
I am leaning towards option 2 because I want to avoid COBRA, but I don't want it to come back and bite me in the a$$ when I am j*b hunting two years from now.
Thanks for any advice/opinions!!