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Originally Posted by iDumb
yeah it looks sweet. But the thing is for an engineer/programmer - silicon valley is where the real money is. But for a physician, that level of income can be had anywhere in the country. That 200K signon bonus and interest free loan is obviously to cancel out the housing cost (down payment on a million dollar house and subsidizing loans) as they realize the first thing a candidate will think of is the housing cost there but they will most likely sign you up for a 5 year contract or so. It would be a good offer for anyone already living there and wants to stay there but hard to justify for someone else from another part of the country to leave and go into one of the most expensive area in the world.
Why would someone who went trhough 8 years of extra education and training missing out on that many years of income and go into an area earning below a undergrad student in the tech field when he has other options.
but yeah still an enticing offer and u can think of that house as an investment gift by working there perhaps.
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Interesting post!
This sounds a like a classic math problem.
How much you make now. let's call it X. what's your cost of living now. let's call that Y.
so, X - Y would be how much you would end up saving.
now, back to the Silicon Valley offer.
amount to make in Silicon Valley. let's call it Z. cost of living/expenses in Silicon Valley, let's call that R. so, (Z- R) is what you would end up saving if you accepted the silicon valley offer. For me, if (Z-R) is over 15% more than (X-Y), i would definitely take it. maybe for you, there are other factors at play...