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Decoding Job Offers. Oliver Ambrosia Quang Nguyen Charuka Wijesekera Brook Yared. Scenario #1: High Salary. Recent Graduate of Cal Poly Pomona Age of Graduation: 23 Job: Mechanical Engineer Starting Salary: $75,000 Blue Shield PPO: No Deductible $175/month

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decoding job offers

Decoding Job Offers

Oliver Ambrosia

Quang Nguyen

Charuka Wijesekera

Brook Yared

scenario 1 high salary
Scenario #1: High Salary
  • Recent Graduate of Cal Poly Pomona
  • Age of Graduation: 23
  • Job: Mechanical Engineer
  • Starting Salary: $75,000
  • Blue Shield PPO:
      • No Deductible
      • $175/month
      • Term Life, Dental and Vision included
scenario 2 lower salary w benefits
Scenario #2: Lower Salary w/ Benefits
  • Recent Graduate of Cal Poly Pomona
  • Age of Graduation: 23
  • Job: Electrical Engineer
  • Starting Salary: $60,000
  • Benefit package:
      • Full Health, Dental, Vision - $14.97/month
      • 401K matching: 4% of salary (before taxes)
common costs
Common Costs
  • Annual retirement savings (8% of Scenario 1 salary)
  • Graduate School - $12,524 (Cal Poly Fees)
  • IEEE - $200 Annual Membership Dues
  • 3% Annual Inflation
  • 5% Annual Wage Increase
  • 10% Annual Health Care Cost Increase
  • Vacation: 23 Days years 1-5

28 Days years 6-10

conclusion
Conclusion

Scenario 1 – High Salary without Benefits

Scenario 2 – Lower Salary with Full Benefits

  • Initial Comparison favors Scenario 2
  • Eliminating Grad School swings advantage to Scenario 1
  • Increased Savings Favors Scenario 2
references
References
  • EHealthInsurance.com
  • Tetra Tech - New HR Practices
  • Aerospace Corporation - Employee Benefits
  • Motorola - Employee Benefits Package
  • Raytheon - Employee Benefits Package
  • Fluor - Employee Benefits Package
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