Unemployment-figuring out next steps.

[myrdale]

OP is not a physician.

Teach me not to assume. "doc"student was my assumption.

[Fishindude77]

I'm stumped as to why an educated medical professional can't find employment right away?
Exactly what is your profession?

Meanwhile, any kind of work or employment would slow the bleeding.

[disneysteve]

I'm stumped as to why an educated medical professional can't find employment.

OP is not a medical professional. Folks keep
assumimg doc means physician. It means PhD.

[Fishindude77]

OP is not a medical professional. Folks keep
assumimg doc means physician. It means PhD.

OK, so what's the field of employment that is so difficult to find a job in?

[disneysteve]

OK, so what's the field of employment that is so difficult to find a job in?

Some social science field if I remember correctly.

[james.hendrickson]

Some social science field if I remember correctly.

This is an interesting point - and a lot of it may depend on your local labor market. For example, my MA is in sociology, but I went to a heavily quantitative program. This meant I was pretty good with statistics, and could get a job working for a big Federal agency that needed statisticians right after I graduated. However, if your social science degree focuses on softer concepts, it may be more difficult to find work.

[disneysteve]

This is an interesting point - and a lot of it may depend on your local labor market. For example, my MA is in sociology, but I went to a heavily quantitative program. This meant I was pretty good with statistics, and could get a job working for a big Federal agency that needed statisticians right after I graduated. However, if your social science degree focuses on softer concepts, it may be more difficult to find work.

And if that’s the case I’d go back to my original reply. Broaden the search. Don’t focus just on your specific area. Don’t even focus just on your chosen field. Use your skills to get a job in a totally different field if needed.

[LivingAlmostLarge]

What's the status docstudent?

[docstudent]

I received a verbal offer this week and I am awaiting the official offer letter that outlines compensation and benefits. The reason for my laser focus is related to retirement contributions. Each year working outside of STRS would not contribute to my retirement. To date, I am six credits away from retirement. With that said, it was worth the wait and I had the emergency fund to get me through the rough patch. I am hopeful the compensation will be around $160,000 and full health benefits. If so, I will be able to build my emergency stash back up to around 80G by June and I will begin reinvesting in the market as I was doing previously.

[kork13]

I received a verbal offer this week and I am awaiting the official offer letter that outlines compensation and benefits.

That's great news! Sounds like it's almost a done deal, so I'll say congrats!

[disneysteve]

Glad to hear it.

[ua_guy]

Great news, sounds like it's already a done deal just needing a signature. That's quite a nice thing to have tee'd up so you can enjoy the holidays and not worry about looking for work!

[james.hendrickson]

I received a verbal offer this week and I am awaiting the official offer letter that outlines compensation and benefits. The reason for my laser focus is related to retirement contributions. Each year working outside of STRS would not contribute to my retirement. To date, I am six credits away from retirement. With that said, it was worth the wait and I had the emergency fund to get me through the rough patch. I am hopeful the compensation will be around $160,000 and full health benefits. If so, I will be able to build my emergency stash back up to around 80G by June and I will begin reinvesting in the market as I was doing previously.

Great work Docstudent!! Congrats man!

[docstudent]

I signed the contract and they set my salary at $153,000, with full medical benefits. In July of 2025, the contract will reset to $158,000. I have to relocate about 2.5 hours away, and pay approximately $1400 or so a month in rent. My preference is to rent a room, but I prefer not to fully furnish an apartment. With the new salary, I should be able to easily save about 5G per month. My first aim is to build up my emergency funds (this situation taught me a valuable lesson about having cash on hand).

[disneysteve]

I signed the contract and they set my salary at $153,000, with full medical benefits. In July of 2025, the contract will reset to $158,000. I have to relocate about 2.5 hours away, and pay approximately $1400 or so a month in rent. My preference is to rent a room, but I prefer not to fully furnish an apartment. With the new salary, I should be able to easily save about 5G per month. My first aim is to build up my emergency funds (this situation taught me a valuable lesson about having cash on hand).

That's great. I'm glad to hear it's settled. When do you start? How much time do you have to find a new place to live and get set up?

And yes, all it takes is one income disruption to really drive home the importance of an EF. I've only been unemployed once in my career back in 2000 but thanks to our EF, I was able to take my time finding a new position and we even took a couple of vacations during that time since I was unencumbered by work.