Currently a PM at MSFT. TC 165K.
Offer 1: PM in the San Francisco Bay Area wth a hyper scale cloud provider: TC 230K
Offer 2: PM in the San Francisco Bay Area with a large software ISV (public) that's kicking butt right now. TC 235K.
Offer 3: PM in Raleigh/ Durham with a software ISV (public) that provides solutions to cloud providers and to on prem hosters. TC 210K
Personal situation: wife with a kid. All three firms will provide relo assistance. Wife also needs to find a gig so day care for the kid. We both are not fans of winters in PNW so will end up taking one of the offers.
What is the best overall long term strategy? To be with a large scale cloud provider and navigate corporate politics or work at a more agile ISV ? What's the overall standard of living (savings potential, schools, job upward and sideward mobility, easy day to day life, decent commute). Have to make a decision in 1-2 weeks time, so appreciate the feedback.
Currently a PM at MSFT. TC 165K.
- Microsoft HGqw60210 in NC has got to go much further than 235 in bay area... state tax alone (5.5% vs 10%) will account for ~10k
- Microsoft / Eng Whatwhere!moreRaleigh area might be significantly better place to raise a child than bay area with that salary. Unless your wife also makes that much money, Raleigh will provide much better environment for your child. Plenty of sunshine with four seasons and great universities around in three cities - Duke, UNC and NCSU. It is a much smaller area than bay but should be much more fun than surrounded by tech only people. Washington DC and New York are close so you will never get bored for occasional trip as well. Work should be less intense there as people are much more laid back. Career is important but your time with your kid and life as a young family never come back. I vote for Raleigh. Also, people are much more attentive. Bay and Seattle are full of cold non social people who don't know what normal social life is. People are much warmer in Raleigh area.
- New sith005Raleigh 210 will go much further than 235 in bay. Though I don’t know a lot about overall amenities and such there.
I lived in the bay for 17 years from Oakland to Gilroy to San Jose to San Mateo. I LOVE the Bay Area. But a house will run 3500/month on the low end (south/east, 2-3 bed) to 7k+ farther up the peninsula (rental cost). Purchase is 750k low end to 2.5m+ depending. Childcare full time is around 1200-1800/mo depending, per kid.
This was my experience over the years. We had a lot of debt (student loans and a couple old cc), but even without that with combined income of 280k it was a stretch. Doable, but thin on disposable income.
Weather is great, things to do, food amazing. Mobility is great, lots of jobs, but lots of seekers too. Traffic can suck.
Not trying to dissuade you, as I said I love the Bay Area. But just some color from my experience.
- Sorry for being cryptic. Oracle, Red Hat and NetApp in that order. L63 technical PM right now at MSFT.
- I made a trip to RDU last weekend and absolutely loved it. The demographic is a little conservative, but the housing is splendid. Commute is decent and food is not bad. Also good schools and college when my kid grows up.
I love the bay too. Lots f family there, amazing food, and plenty sunshine. More opportunities than anywhere else. But it is expensive. Not sure it will help me retire with a decent amount of savings. As you pointed, housing and day care can take away most of the income. With a 180 base, my take home would be 7.5K a month. 3.5K goes to housing, 0.5K for car, living and misc is another 2K, Day care is another 1.5K, so essentially living hand to mouth. My 50K annual stock gets saved, that's close to 30K of take home savings per year. In 15 years, I would save 450K at that rate which is not much.
In RDU on the other hand, I could save close to 70K a year and in 15 years, that's ~1M - way more than the 450K I save in the bay.
I absolutely love the bay, but the math doesn't seem to be adding up now. As a place I prefer the bay, but in terms of long germs savings RDU seems to kick
- Plus you've to consider the career opportunities in Bay. You won't stick in the same company for a lifetime. So, mobility is something you'll have to consider. Btw, have you considered staying in the PNW and taking one or two vacations during winter months to somewhere sunny?
- Lived in RDU for 11 years before leaving it to Seattle, I definitely miss it, this salary will go sooo far in RDU, especially for housing - weather is so nice and it's a very family friendly place, tons of activities for the kids. There are limited opportunities though which is the main reason I left, if you don't want Microsoft, NetApp, emc, SAS and the handful of companies there you are stuck.