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New job opportunity - Memphis

Posted on 3/25/16 at 4:04 pm
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 3/25/16 at 4:04 pm
Anyone working in the Memphis area? It looks to be home to many businesses in my industry (logistics). I assume this is because of FedEx primarily.

I would get a bump in pay from $100k to $140k. However, we love Raleigh and NC. I'm 32, wife is 27.

Feeling like this might be once in a lifetime opportunity. Looking for opinions on job change as well as Memphis area.

The HRM mentioned that many people live "over the state line", which I assume is MS. Schools look good and housing is much cheaper than it is here, so we would get some nice positive equity on that front.
Posted by mmonro3
New Orleans
Member since Apr 2013
3920 posts
Posted on 3/25/16 at 4:09 pm to
Subtle brag thread.
Posted by Mister Bengal
Member since Feb 2016
345 posts
Posted on 3/25/16 at 4:56 pm to
Eat your heart out poor boy
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 3/25/16 at 5:10 pm to
Not at all. I could say 40% increase, but then it would make a difference if it were $30K.

FWIW, still paying off student loans and this would go a long way towards that, and other things. However, not so sure about living near Memphis.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 3/25/16 at 5:17 pm to
You're young, chase opportunity. You'll also find that the place doesn't matter. If the job is Good you'll find/make a community and a satisfactory social life.
Posted by lsu711
Member since Sep 2003
13029 posts
Posted on 3/25/16 at 5:17 pm to
I left Raleigh to chase a better opportunity in a city like Memphis and regret it most days. The wife and I are similar in age to you and your wife.
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
11541 posts
Posted on 3/25/16 at 5:50 pm to
It looks like the money makes since but I would have a hard time leaving Raleigh. I don't live in the Memphis area but I work on the Mississippi and Arkansas sides of the border and I've never been very impressed.
Posted by BlackCloud
Above It All
Member since Jan 2014
3816 posts
Posted on 3/25/16 at 7:06 pm to
quote:

It looks to be home to many businesses in my industry (logistics). I assume this is because of FedEx primarily.

Correct.
quote:

I would get a bump in pay from $100k to $140k. However, we love Raleigh and NC. I'm 32, wife is 27.


With that "bump" in pay many would move to Afghanistan and love it.
With that being said, it's highly unlikely you would love anywhere in the Memphis metro area as much as Raleigh, NC.

quote:

The HRM mentioned that many people live "over the state line", which I assume is MS. Schools look good and housing is much cheaper than it is here, so we would get some nice positive equity on that front.


Many do live over the state line but if you have "yuppie" sensibilities I would recommend Germantown or Collierville Tn., where the vast majority of the people in your socioeconomic status reside. They both have excellent public schools, great parks, low crime rates, independent local governments and are both still very close to Memphis.

If you would prefer a more laid back lifestyle with a "country" vibe then you might want to look over the state line in North Ms. Southaven and Horn Lake are basically South Memphis and I would not recommend them for anyone in your situation.
Olive Branch and Hernando Ms. are the other cities closest to Memphis that are probably the more viable options for you if you don't want to live in Tn.

Good luck.
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 3/25/16 at 7:32 pm to
quote:

regret it most days


Care to elaborate? What do you miss?
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 3/25/16 at 7:37 pm to
quote:

Many do live over the state line but if you have "yuppie" sensibilities I would recommend Germantown or Collierville Tn., where the vast majority of the people in your socioeconomic status reside. They both have excellent public schools, great parks, low crime rates, independent local governments and are both still very close to Memphis.

If you would prefer a more laid back lifestyle with a "country" vibe then you might want to look over the state line in North Ms. Southaven and Horn Lake are basically South Memphis and I would not recommend them for anyone in your situation.
Olive Branch and Hernando Ms. are the other cities closest to Memphis that are probably the more viable options for you if you don't want to live in Tn.


Thanks for the advice. I've seen Olive Branch, Hernando and even Nesbit. Those would all be well within driving distance.

We prefer suburbs and I don't see anything in Germantown on Zillow that would meet our needs. It looks very similar to Cary, NC if anyone has ever been there.
This post was edited on 3/25/16 at 7:39 pm
Posted by birdieman
New Orleans
Member since Dec 2012
1647 posts
Posted on 3/25/16 at 9:24 pm to
I used to live in Lakeland. Really liked it. I would go back.
Posted by AndyJ
Member since Jul 2008
2753 posts
Posted on 3/25/16 at 9:48 pm to
No state income tax in TN btw.
Posted by reb13
Member since May 2010
10905 posts
Posted on 3/25/16 at 10:04 pm to
Just live on the west side of Oxford and commute. Better than any option in ms or Memphis
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 3/25/16 at 10:44 pm to
The Shelby County schools are bona fide shite storm.
Posted by Soft_Parade
Member since Sep 2005
2502 posts
Posted on 3/26/16 at 5:04 am to
If the new job offer is nothing more than a bump in pay, use it to get more out of your current employer and stay put.

If the new job offers experience or responsibilities that are unavailable to you now, but needed to advance in your field, move.
Posted by ItNeverRains
37069
Member since Oct 2007
25397 posts
Posted on 3/26/16 at 5:08 am to
With no state income and COLA probably closer to 50k raise. That said, I probably stay in Raleigh. Collierville ain't what it used to be from a few relo clients I've worked with and friends who still have family in the area. Local Memphis gov't is a 4 alarm dumpster fire. We keep hoping MS will annex Memphis.
Posted by 756
Member since Sep 2004
14853 posts
Posted on 3/26/16 at 7:43 am to
From someone who has moved in his career(unlike others who just comment)

1. Money is not everything- but it does matter.
2. An employer who will not counter your new offer is not an employer you need to be faithful to.
3. If you are going to climb the ladder of corporate success- do it while you are young- You don't want to be moving furniture later in life.
4. Don't listen to people who have never been in your shoes.
5. Think about quality of life and put your family first.- Don't make a move if your wife is adamantly opposed.

Raleigh is a great city. Memphis is a good place. You just choose to live in Germantown, Cordova, are the newer growing areas like Arlington.

I have a high six figure cousin who has made his career in Memphis- he lives in Germantown, raised his family there and loves it

I have another six figure cuz who lives in Cordova and has been there 20 plus years and loves it

I have another friend who just moved there for the same reason you are considering and they live the east burbs that are growing and they have fallen in love with the area

One other question you will need to ask - is will I stay there long term or will this be a stepping stone move?

Areas to look at Lakeland, Cordova- Arlington is the new growth area. (germantown is nice but pricey)
This post was edited on 3/26/16 at 7:45 am
Posted by 704Reb
Memphis
Member since Aug 2010
2038 posts
Posted on 3/26/16 at 9:11 am to
Great area for your industry. You could continue climbing the ladder in your industry here as well. Tons of 3PL/logistics companies here because of FedEx having such a late cut off on pick ups for shipments (11:30-midnight).

A lot of customers I work with seem to commute up from Northern MS area because it is most convenient to the DCs in the area.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72507 posts
Posted on 3/26/16 at 9:27 am to
quote:

Germantown, Cordova, are the newer growing areas like Arlington.



yup. those are nice areas. I do business and some investing in the memphis area. It's not like he has to live in whitehaven or frayser or hickory hill or raleigh/bartlett. and some of those areas have some nice homes. One must remember that memphis itself is 60% AA population and is why it gets a unfair bad rap overall because of some crime in certain pockets. I've seen majority black neighborhhods in memphis very well taken care of and they are not the hood. now do they have hoods? yes. what big city doesn't?
This post was edited on 3/27/16 at 7:40 pm
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37034 posts
Posted on 3/26/16 at 11:20 am to
Is there any chance you can get a raise/promotion at your current firm and stay where you are? Or with another company in your area?

I love the triangle area of NC. I think Memphis will be a shock compared to Raleigh.

40K (and more when you consider no state income tax) though is big. What about the job? Is it a big promotion? What about the company? Is it a bigger company? Have you looked at their culture? Have you been out to Memphis and checked it out for yourself?
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