I’m curious which specific companies, roles, and/or industries the engineers leaving ExxonMobil (or other large operator) go to? Assuming 2-5 years experience and little to no tech/coding knowledge.
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Everywhere is using Fragile techniques these days.
I'm sure you've seen the EM version of Fragile.
If you know Fragile, you can go anywhere.
Brittle minds on brittle bones.
And it's true what they say below about the taxes and the texas.
Ask your poor buddy Ellen Msk.
This will show what the take home is on a $400000 salary in CA. Stop bickering, you two id--ts.
https://www.forbes.com/advisor/income-tax-calculator/california/400000/?filing=single&deductions=0&k401=0&ira=0&dependents=0
Show 👏 The 👏 Math 👏
Pretending that addition and multiplication is sooo complicated and time consuming to possibly do is an obvious dodge that demonstrates to anyone with a brain that you’re just refusing to admit an easily proves or lie.
No time to show the basic math, all the time in the world to visit the layoff site of a (supposedly) former employer and vomit the same excuses over and over again. Hmmmm?
Why would anyone take advice, career advice nonetheless, from a liar?
I don’t think it’s my problem to explain the tax policy of the state that I live in, the structure of my compensation package, and how both relate to my post-tax earnings to you or to anyone.
To the question in the original post: your options are more limited than you realize, and nobody seeking to get out of O&G should take advice from the people still working in it. The person who’s been arguing with me is a prime example of not being able to think beyond how things are done in O&G. If you’re new to that industry, get out before this way of thinking takes hold.
“Computational accounting” 🤣🤣🤣. Oh, you mean basic arithmetic? Literally multiplication and addition.
You sound like one of those PowerPoint hipos who’s only skill was self promotion. I’m guessing self promo is how you got a chance in tech … if that’s even true, and honesty so far hasn’t been your strong suit in this argument,
LOL!!
You can’t show the math, because you know you’re wrong. But instead of displaying some modicum of integrity your excuse is: that would be too hard and it would take too long.
Didn’t you say something about Dear Elon despising lazy O&G employees? Sounds like you’re the dude he’s avoiding.
Of all the lame excuses you could have come up with, you out yourself as too lazy to actually do the work. You really can’t make this stuff up!!
Bruh…
Chill.
I’m not going to go through a rigorous exercise in computational accounting, or provide a written dissertation on state/local tax policy on a clunky internet message board to make you feel better.
Think whatever you want about what I’ve said. I really don’t care. My advice to you and people who think like you is to stay in O&G, collect your salary and be happy.
Most telling statement is the opener: “What do you want? Paystubs (i.e. proof)? Get real.”
SHOW THE MATH. Show how federal, state, and municipal income taxes add up to 50% of $400k for literally any combination of forms of compensation in any state for a given year.
(And preemptively, no you can’t use sales tax too, because that has nothing to do with take home pay … and you claimed 50% of take home pay.)
Blah, blah, blah, where’s your math?
Liberal co---e rag “Forbes” shows that when you add in state income tax in Cali you take home a measly $241k instead of $271 … which is totally the same as half. Again without taking any credits for having a family, or as you would say “popping out kids”. You do also know that state income taxes are deductible from federal so it’s not just additive “gubment takes all my money”, yeah?
If techies are this bad at REALLY BASIC MATH, maybe I should get me one a them $400k jobs. Competition looks weak.
https://www.forbes.com/advisor/income-tax-calculator/california/400000/?filing=single&deductions=0&k401=0&ira=0&dependents=0
@1dpn What do you want? Pay stubs? Get real.
“The government”, usually meaning “federal government”, isn’t the only government raising and levying taxes; there’s a thing called state income tax. Most roles that pay more than $350k/year at large tech companies are based in California. I think you know what I’m getting at here. FYI, not all compensation is paid as a regular salary - nor is it taxed that way. Keep in mind that not everyone is mindlessly popping out kids for tax credits either.
Pointing out that someone is probably aware of how little O&G employees actually do relative to what they’re paid doesn’t make me a fan of theirs. FWIW, I don’t have a personal opinion of the guy.
Net pay for a $400k salary is $271k. That’s before any tax credits for mortgages, children, etc. You’re practically starving.
https://www.adp.com/resources/tools/calculators/salary-paycheck-calculator.aspx
@1twk The top tax bracket in the US is 37%, and that only applies to any money you make past $539K. Do explain to us how you only take home $200k if you make $400k, and do show your math. Or maybe your just reflexively vomiting the trope that the government takes half?
Between that and your Elon fanboying, gosh. Why do the most ignorant people always have the most confidence?
https://www.aarp.org/money/taxes/info-2020/income-tax-brackets.html?cmp=KNC-DSO-COR-Core-Money-NonBrand-Phrase-30842-GOOG-MONY-TaxBrackets-Phrase-NonBrand&gclid=EAIaIQobChMIptfo_fey-AIVCG1vBB2TUQrqEAAYASAAEgKmPvD_BwE&gclsrc=aw.ds
I have a degree in mechanical engineering, have been working in a commercial role at EM (<5 YOE) and accepted a technical job in the semiconductor industry for similar compensation.
It's all about how you craft your resume and convince the interviewers that your skills and experience are relevant to the new role. As much as I hate the whole "crafting your brand / telling a story" BS, it really does work in the recruiting process.
Things I didn’t see mentioned yet:
Food and beverage, biogas/solar/wind power, pharmaceutical manufacturing, project management, data analytics.
Don’t believe the doomsayers, there’s lots of other work opportunities out there. #Exxodus does not lead to an unemployment line.
Other oil companies with less corporate processes plus at least 10% pay bump with sign on bonus and annual bonus and stocks.
I know a lot of folks from the finance side switched over to cleantech either investing or energy development.
@OP Unlike others here, I’m actually going to tell you the truth.
Your options are limited.
Take take the tech sector, which is every disgruntled O&G employee’s favorite stick to beat the industry with. Currently, there’s a sector-wide hiring freeze, job offers are being rescinded, and several companies have initiated workforce reductions. The storied 50% pay bumps are just that, stories. The fact that only half of the pay is in the form of a salary is another caveat. BTW, $225k/year is entry-level money at most large tech companies. $400k is closer to the median salary. You get to keep about $200k of it after taxes.
Aerospace. Thinking of working for Elon Musk? Think again. The pace and workload would bring the typical O&G employee to tears, and the pay isn’t much better. Private space companies actually stopped sourcing candidates from O&G some time ago, in part because O&G employees have a noted tendency to overstate their competencies and contributions. In other words:
Elon Musk is smart enough to know that Exxon pays you to do almost nothing, and he’d rather not hire you. Peer companies have taken the same tack.
Medical: You don’t have the skills.
Finance: You don’t have the skills, and they don’t want you even if you do.
Automotive: Like living in Detroit? If not, keep moving.
Supply Chain/Logistics: This is where most former O&G professionals land. Prepare for longer hours and a pay cut.
Transportation: like logistics, but somehow even worse.
Public Sector/Government: probably your best chance of getting a steady job if you’re over 40 and you leave the one you currently have. Every bit as bad as it sounds. Maybe worse.
I’ll leave you with a bit of advice: in a world without water, there is no greener grass.
Best of luck….
First thing - find a good long dock, on a sea. At least 40 yards long.
Go for a major sea.
The Gulf (south of houston) for example is a very minor sea. Shrimping sea.
You want a good long dock and a good deep sea.
Then, with practice, get up some speed running.
Jump off the end of the dock into the sea.
Or you can grow moldy just where you are.
Was CL24 making 135k 7~ years in XOM left for big tech and base now 225k with RSUs worth 85k over 4 years vesting and 25k sign on bonus.
Although I did coding/ development work so may not exactly be your ask.
I left XOM making $135k living in a cr---y city, working in manufacturing ranked in bottom. Now live in a much better location working in Healthcare/technology making $125k with already getting promotion within my 2 years with company while working from home. My ceiling here is much better than in a dying industry. Good luck to those who make the jump!
@ige+1hfPEBmi yes they do. where I am (not US) ex EM folks that joined GS have proved themselves to be reliable and capable workers. they are valued (unlike in EM) and are asked to recommend others
@gpd+1hfPEBmi
You seriously believe that GS wants the “best and brightest” from this establishment? 🤣
Jump to consulting (McKinsey, BCG, Bain), finance (Goldman Sachs, JP Morgan, etc.), or bite the bullet and head to school to get MBA or coding skills and leave the industry that way. All of these provide you with fungible skills that will make you able to move between industries. Good luck. I'm also a new hire (< 5 yrs) upgrading my skills right now. And I plan on leaving this industry permanently within the next 2 yrs.
Assuming you are early/mid career, why not pursue what interest you? Look at all the job postings of roles that interest you and determine if you have most of the skills. Apply for it anyways. If you have significant skills gap then consider training to get that role. Bear in mind that some roles require behavioral or soft skills that are hard to define. Good luck.
I’m staying in the energy and chemical industry. I figure tech is too big of a jump for me since I’m pretty far along in my career. Pivoting from technical to commercial.
June is the best time to look. All the woke companies change their logos to rainbow pattern, so you can clearly pick which direction you want to go. Wishing every month they would do this as it is helpful filtering tool.
Mining. Commodities