If you’re choosing between two jobs, congratulations! All of the hard work from your job search has paid off.
But once the celebrating is over, you have a real dilemma on your hands. When it comes to deciding between two jobs, how can you make the right choice?
To help you make up your mind, here are six tips on comparing job offers so you can pick the one that offers you the most fulfilling future.
1. Consider how each job aligns with your long-term career goals
When you’re interviewing for a job, you want to prove you’re the best person for the role and that the organization can’t live without you. Once you have two job offers on the table, though, it’s time to consider how these job prospects align with your career goals.
Instead of focusing on what you can do for the company, consider what each company can do for you. Go over everything you learned about the job, organization, and culture during the interview process.
Then, ask yourself the following questions:
- Which job still lines up with my career goals?
- Does one job have more opportunities for growth than the other?
- Which job will challenge me?
- Which job offers me the chance to learn new skills?
If you’re having trouble deciding between two jobs, consider both through the lens of your long-term goals. Consider which position holds the most promise, and choose the one that will get you where you want to go.
2. Weigh salary with personal satisfaction
When choosing between two jobs, an easy question comes to mind: Which one pays more?
Of course, salary isn’t the only important factor. Personal satisfaction is also paramount. So what happens if the job you don’t really want pays a lot more than the one you do?
If this is the case, you’ll need to weigh whether a higher salary will make up for a job you don’t like. Sure, you’ll have more money to spend outside of work. But if you’re bored 40 or more hours per week, a higher salary might not boost your happiness much.
“My first job decision was between a financial consulting firm and an online education company,” said Augustin Kennady, media relations director for ShipMonk. “While it offered less money, the online education company was the right decision at the time. It also gave me the skills I needed to succeed in my next position.
“I strongly recommend that you decide on your job not necessarily for the money, but for how closely the offer aligns with your values,” he added.
You also might try negotiating for more money. Practice your salary negotiation tactics, and find out if you can increase your earnings or snag better benefits.
If one position’s pay is so low you won’t be able to support yourself, you should probably go with the other one. But if both salaries meet your needs, you might be better off choosing a more fulfilling job.
3. Assess the culture of each workplace
Many hiring managers assess cultural fit during an interview. They want to make sure you’ll fit in well with their organization. But cultural fit isn’t a one-way street. You also need to decide whether each company is a good fit for you.
If you’ve ever been in a toxic work environment, you know how tiring it can get day after day. Even if you’re passionate about the company’s mission, you’ll lose steam in an uncomfortable workplace. On the flip side, you might develop a passion for a company if its culture makes you feel valued and challenged.
When choosing between two jobs, learn more about the culture of each workplace. You might ask your interviewer about it or reach out to current employees. Or you could investigate employee reviews online.
“Utilizing the insights compiled by review sites is integral to seeing your work life before you live it,” said Sofia Koon, PR manager at kununu, a site that gathers employee reviews. “Just as people review everything online, why shouldn’t jobs be the same? The more research done, the more likely you are to find your champion in the working world.”
Figure out what you’re looking for — whether it’s a culture of collaboration, independence, flexibility, or new challenges. Then, opt for the company where you’d be the best cultural fit.
4. Compare your two prospective managers
Have you ever heard that people quit managers, not companies? Your direct manager has a big impact on your experience at work.
A bad manager could make you lose motivation or even want to quit, Jerry Maguire-style. But a good manager will motivate you, as well as help you learn and grow.
“One of my biggest career mistakes so far was to not assess my future manager’s skills beforehand,” said Jéssica Carmona of Guarana Technologies. “Making sure you have the right person above you is important, especially in your early years.”
Your manager might even serve as a mentor figure, guiding you on your professional development. When choosing between two jobs, learn about your potential new managers.
You might ask how they help new hires transition into the role or what promotional tracks are available. Or you could speak to current employees about their experiences with the manager.
“I make sure to ask the right questions to make sure they’ll be a good fit for me just as much as I’ll be for them,” said Carmona.”I make sure I only get placed in companies where I’ll be able to grow in a healthy environment, under managers with the right profile for my career moment.”
5. Write down a typical day in each role
If you’re wondering how to decide between two jobs, the decision probably isn’t clear-cut. Both roles have pros and cons, and neither is obviously superior to the other.
One way to cut through the confusion is to list out a typical day in each role. As you make your list, ask yourself these questions:
- What will I be working on every day?
- Who will I interact with?
- Does the job involve travel?
- What’s my commute like?
- How’s the office building?
- What are my options for lunch?
“Make a big comparison chart,” advised Valerie Streif, senior advisor at Mentat. “Having it all written out and in front of you can help you to understand what you’d be getting into with each job option.
“This can also be a way to get more information about each offer,” Streif added. “If there are pieces that you realize you are missing, you can take the steps to fill in the blanks.”
Consider all the details of a typical day in the job, and envision yourself going through the motions. If the two jobs are similar in all other respects, your choice could come to a small detail, like a shorter commute or more attractive workplace.
6. Trust your intuition
Once you’ve done your research and made your lists, step back and check in with your inner voice. Ask yourself:
- Are my lists pushing me toward one job or the other?
- Which job excites me?
- What are my instincts telling me to do?
“Trust yourself,” said Streif. “You know you and your work preferences better than anyone. If friends or family are urging you to go against your gut because one option may seem more prestigious, but you know you’d be happier with the alternative, trust yourself. It’s you who will have to work there.”
Sometimes, you have to take a risk and leap into the job that excites you. If you’re still figuring out what that is, learn how to find the right career in 10 steps.
Interested in refinancing student loans?Here are the top 5 lenders of 2020!
|Lender||Variable APR||Eligible Degrees|
|Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Laurel Road.
Laurel Road Disclosures
Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Mortgage lending is not offered in Puerto Rico. All loans are provided by KeyBank National Association.
ANNUAL PERCENTAGE RATE (“APR”)
There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
For bachelor’s degrees and higher, up to 100% of outstanding private and federal student loans (minimum $5,000) are eligible for refinancing. If you are refinancing greater than $300,000 in student loan debt, Lender may refinance the loans into 2 or more new loans.
ELIGIBILITY & ELIGIBLE LOANS
Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date or has no expiration date); state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).
Graduates may refinance any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. Any federal loans refinanced with Lender are private loans and do not have the same repayment options that federal loan program offers such as Income Based Repayment or Income Contingent Repayment.
All loans must be in grace or repayment status and cannot be in default. Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment. Parents looking to refinance loans taken out on behalf of a child should refer to https://www.laurelroad.com/refinance-student-loans/refinance-parent-plus-loans/ for applicable terms and conditions.
For Associates Degrees: Only associates degrees earned in one of the following are eligible for refinancing: Cardiovascular Technologist (CVT); Dental Hygiene; Diagnostic Medical Sonography; EMT/Paramedics; Nuclear Technician; Nursing; Occupational Therapy Assistant; Pharmacy Technician; Physical Therapy Assistant; Radiation Therapy; Radiologic/MRI Technologist; Respiratory Therapy; or Surgical Technologist. To refinance an Associates degree, a borrower must also either be currently enrolled and in the final term of an associate degree program at a Title IV eligible school with an offer of employment in the same field in which they will receive an eligible associate degree OR have graduated from a school that is Title IV eligible with an eligible associate and have been employed, for a minimum of 12 months, in the same field of study of the associate degree earned.
The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.
The repayment of any refinanced student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.
POSTPONING OR REDUCING PAYMENTS
After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.
We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.
We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.
If Lender agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Lender has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.
KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of March 4, 2020 and is subject to change.
2 Important Disclosures for Splash Financial.
Splash Financial Disclosures
Splash Financial loans are available through arrangements with lending partners. Your loan application will be submitted to the lending partner and be evaluated at their sole discretion. For loans where a credit union is the lender, or a purchaser of the loan, in order to refinance your loans, you will need to become a credit union member.
The Splash Student Loan Refinance Program is not offered or endorsed by any college or university. Neither Splash Financial nor the lending partner are affiliated with or endorse any college or university listed on this website.
You should review the benefits of your federal student loan; it may offer specific benefits that a private refinance/consolidation loan may not offer. If you work in the public sector, are in the military or taking advantage of a federal department of relief program, such as income based repayment or public service forgiveness, you may not want to refinance, as these benefits do not transfer to private refinance/consolidation loans.
Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen and meet our lending partner’s underwriting requirements. Lowest rates are reserved for the highest qualified borrowers. This information is current as of May 1, 2020.
Fixed APR: Annual Percentage Rate [APR] is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rate options range from 2.88% (without autopay) to 7.27% (without autopay) and will vary based on application terms, level of degree and presence of a co-signer. Rates are subject to change without notice. Fixed rate options without an autopay discount consist of a range from 2.88% per year to 6.21% per year for a 5-year term, 3.40% per year to 6.25% per year for a 7-year term, 3.45% to 5.08% for a 8-year term, 3.89% per year to 6.65% per year for a 10-year term, 4.18% per year to 5.11% per year for a 12-year term, 4.20% per year to 7.05% per year for a 15-year term, or 4.51% per year to 7.27% per year for a 20-year term, with no origination fees. The fixed interest rate will apply until the loan is paid in full (whether before or after default, and whether before or after the scheduled maturity date of the loan).
Variable APR: Annual Percentage Rate [APR] is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Variable rate options range from 1.99% (with autopay) to 7.10% (without autopay) and will vary based on application terms, level of degree and presence of a co-signer. Our lowest rate option is shown with a 0.25% autopay discount. Our highest rate option does not include an autopay discount. The variable rates are based on the Variable rate index, is based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of April 27, 2020, the one-month LIBOR rate is 0.43763%. The interest rate on a variable rate loan is comprised of an index and margin added together. The margin is a fixed amount (disclosed at the time of your loan application) added each month to the index to determine the next month’s variable rate. Variable rate options without an autopay discount consist of a range from 2.01% per year to 6.30% per year for a 5-year term, 4.00% per year to 6.35% per year for a 7-year term, 2.09% per year to 3.92% per year for a 8-year term, 4.25% per year to 6.40% per year for a 10-year term, 2.67% per year to 4.56% per year for a 12-year term, 3.44% per year to 6.65% per year for a 15-year term, 4.75% per year to 6.93% per year for a 20-year term, or 5.14% per year to 7.10% for a 25-year term, with no origination fees. APR is subject to increase after consummation. Variable interest rates will fluctuate over the term of the borrower’s loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a co-signer. The maximum variable rate may be between 9.00% and 16.00%, depending on loan term. The floor rate may be between 0.54% and 4.21%, depending on loan term. These rates are subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
3 Important Disclosures for SoFi.
4 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.21% APR (with Auto Pay) to 8.77% APR (with Auto Pay). Variable rate loan rates range from 3.21% APR (with Auto Pay) to 8.72% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of May 8, 2020, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 5/08/2020. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at [email protected], or call 888-601-2801 for more information on our student loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.8100000000000002% effective April 10, 2020.
|1.99% – 6.65%1||Undergrad & Graduate|
|1.99% – 7.10%2||Undergrad & Graduate|
|3.21% – 6.67%3||Undergrad & Graduate|
|3.21% – 8.72%4||Undergrad & Graduate|
|3.22% – 6.05%5||Undergrad & Graduate|