Next 10 years earnings for a career changer?
#31
When I pulled the trigger I had a then GF (now wife), told her what I was doing and asked if she wanted to go along for the ride. So it wasn't like I pulled the financial rug out from under a family. The *plan* was that we'd move around as needed until I got settled at the career job but we had some family circumstances so I ended up doing some commuting.
I also stayed in the reserves the whole time, which was convenient after 9/11 and in 2009 when the airline industry had downturns... my skillset was high demand so I spent as much time on AD as I wanted (and then some). Between that and the wife's job I never had to eat ramen or sleep in a van.
Not as a hard a decision for me because family didn't hang in the balance.
#32
Sure. Joined the mil to fly, flunked the vision test after I was far enough along to have an incurred a scholarship payback so did other things mil for a few years. Got out, did white collar jobs for a few more years. Did GA on the side, eventually decided to bag the job and do the career track. Trained at an FBO and a couple schools (one local, one chain). Regionals then major from there.
When I pulled the trigger I had a then GF (now wife), told her what I was doing and asked if she wanted to go along for the ride. So it wasn't like I pulled the financial rug out from under a family. The *plan* was that we'd move around as needed until I got settled at the career job but we had some family circumstances so I ended up doing some commuting.
I also stayed in the reserves the whole time, which was convenient after 9/11 and in 2009 when the airline industry had downturns... my skillset was high demand so I spent as much time on AD as I wanted (and then some). Between that and the wife's job I never had to eat ramen or sleep in a van.
Not as a hard a decision for me because family didn't hang in the balance.
When I pulled the trigger I had a then GF (now wife), told her what I was doing and asked if she wanted to go along for the ride. So it wasn't like I pulled the financial rug out from under a family. The *plan* was that we'd move around as needed until I got settled at the career job but we had some family circumstances so I ended up doing some commuting.
I also stayed in the reserves the whole time, which was convenient after 9/11 and in 2009 when the airline industry had downturns... my skillset was high demand so I spent as much time on AD as I wanted (and then some). Between that and the wife's job I never had to eat ramen or sleep in a van.
Not as a hard a decision for me because family didn't hang in the balance.
#33
Gets Weekends Off
Thread Starter
Joined APC: Jul 2017
Posts: 285
I think DontLookDown has it figured out. I think your assumption that you will make 2-3 million more if you go the pilot route is ludicrous. What are the odds at 36 that things work out and you make it to a major in 5-10 years. I would give that 5% odds. Never forget the opportunity cost of wasted time. If you spend 5 years figuring out that professional aviation is not right for you, what happens to your daughters education funds?
Keep aviation fun and keep doing GA. Almost all the guys who do it for a living do 0 GA stuff. Think about why an airline pilot would have no interest in flying a general aviation airplane again?
Making $110k + overtime in a cheap city like Vegas as a "Fireman," is a no brainer. I'm not trying to insult your career at all, I would have become a fireman if I had a crystal ball. It is a government job with very minimal BS. You already stated all the benefits that come with your job. The medical side of your job will quickly get better as Covid ends here in a year or two.
Here is a good question to ask yourself. How stable is the airline industry? How stable is the firefighter industry? Whose to say that there is not another virus 5 years down the road? Or the EU imposes huge carbon tariffs on international flights? Automation takes it down to 1 pilot cockpits. There will always be fires and accidents.
btw: You have such a "gravy" schedule right now. You do understand that if you go the pilot route you will have 10 years of a BS schedule and miss out on your kids growing up?
Keep aviation fun and keep doing GA. Almost all the guys who do it for a living do 0 GA stuff. Think about why an airline pilot would have no interest in flying a general aviation airplane again?
Making $110k + overtime in a cheap city like Vegas as a "Fireman," is a no brainer. I'm not trying to insult your career at all, I would have become a fireman if I had a crystal ball. It is a government job with very minimal BS. You already stated all the benefits that come with your job. The medical side of your job will quickly get better as Covid ends here in a year or two.
Here is a good question to ask yourself. How stable is the airline industry? How stable is the firefighter industry? Whose to say that there is not another virus 5 years down the road? Or the EU imposes huge carbon tariffs on international flights? Automation takes it down to 1 pilot cockpits. There will always be fires and accidents.
btw: You have such a "gravy" schedule right now. You do understand that if you go the pilot route you will have 10 years of a BS schedule and miss out on your kids growing up?
I guess it comes down to a few questions:
1. Do I want to work as a pilot for longer than I would if I continue the fire career? (firefighter lifespan is significantly less due to cancer and heart problems caused by lack of sleep- most of our guys are dying early into retirement)
2. Can I deal with the salary hit for the first few years along with the work/schedule conditions that are bad early in the airline career? (getting thru training, probation, and rookie time at the fire dept sucked too)
3. Do I want to risk the stability of local government job where I have awesome conditions right now for the unstable yet cyclical conditions of the airlines?
4. Finally what can I do to mitigate not losing my current career to try out the new one‐ The answer to this is burn my vacation and sick time, and possibly get an unpaid leave and burn through some retirement (or home equity) to make it work.
I committed to doing the regionals for at least a year when I borrowed money (student loan) for the 141 instrument training. I have 50k in student loans left‐ which is conviently one year salary at the regionals.
I should be able to make it a year with vacation/sick/trading shifts to do both jobs for a year. It won't be ideal, but I think its worth it to figure out if I really want to leave what I already have.
I guess worst case is do it, hate it, get 121 SIC multi turbine time and type rating. Remove the restriction on the atp cert, retire from fire dept around age 50 and fly 91 or 135 at that time
#35
Gets Weekends Off
Joined APC: Sep 2017
Posts: 627
That's not true. I know many major and regional pilots who do GA in one form or another.
I'm a little busy right now but plan to resume it soon enough. It's a family issue, not an interest issue. When the kids are toddlers may not be the best time, but when they're teenagers they usually dig it... they can help plan, navigate and even fly.
I did the career change a couple decades ago. There were some surprises along the way obviously but it was all worth it (had a lot of fun too). Helps if you live in base, a lot.
I'm a little busy right now but plan to resume it soon enough. It's a family issue, not an interest issue. When the kids are toddlers may not be the best time, but when they're teenagers they usually dig it... they can help plan, navigate and even fly.
I did the career change a couple decades ago. There were some surprises along the way obviously but it was all worth it (had a lot of fun too). Helps if you live in base, a lot.
#36
Gets Weekends Off
Joined APC: Feb 2019
Posts: 307
The 2-3 million more in lifetime earnings is the difference of working from age 50-65 as a pilot making about 250k a year. The fire career is over at age 52 for me (that gives me 25 years credit in the pension system- should give me about 70k a year in pension without touching my other investments)
I guess it comes down to a few questions:
1. Do I want to work as a pilot for longer than I would if I continue the fire career? (firefighter lifespan is significantly less due to cancer and heart problems caused by lack of sleep- most of our guys are dying early into retirement)
2. Can I deal with the salary hit for the first few years along with the work/schedule conditions that are bad early in the airline career? (getting thru training, probation, and rookie time at the fire dept sucked too)
3. Do I want to risk the stability of local government job where I have awesome conditions right now for the unstable yet cyclical conditions of the airlines?
4. Finally what can I do to mitigate not losing my current career to try out the new one‐ The answer to this is burn my vacation and sick time, and possibly get an unpaid leave and burn through some retirement (or home equity) to make it work.
I committed to doing the regionals for at least a year when I borrowed money (student loan) for the 141 instrument training. I have 50k in student loans left‐ which is conviently one year salary at the regionals.
I should be able to make it a year with vacation/sick/trading shifts to do both jobs for a year. It won't be ideal, but I think its worth it to figure out if I really want to leave what I already have.
I guess worst case is do it, hate it, get 121 SIC multi turbine time and type rating. Remove the restriction on the atp cert, retire from fire dept around age 50 and fly 91 or 135 at that time
I guess it comes down to a few questions:
1. Do I want to work as a pilot for longer than I would if I continue the fire career? (firefighter lifespan is significantly less due to cancer and heart problems caused by lack of sleep- most of our guys are dying early into retirement)
2. Can I deal with the salary hit for the first few years along with the work/schedule conditions that are bad early in the airline career? (getting thru training, probation, and rookie time at the fire dept sucked too)
3. Do I want to risk the stability of local government job where I have awesome conditions right now for the unstable yet cyclical conditions of the airlines?
4. Finally what can I do to mitigate not losing my current career to try out the new one‐ The answer to this is burn my vacation and sick time, and possibly get an unpaid leave and burn through some retirement (or home equity) to make it work.
I committed to doing the regionals for at least a year when I borrowed money (student loan) for the 141 instrument training. I have 50k in student loans left‐ which is conviently one year salary at the regionals.
I should be able to make it a year with vacation/sick/trading shifts to do both jobs for a year. It won't be ideal, but I think its worth it to figure out if I really want to leave what I already have.
I guess worst case is do it, hate it, get 121 SIC multi turbine time and type rating. Remove the restriction on the atp cert, retire from fire dept around age 50 and fly 91 or 135 at that time
2) Yes, again. Ten years ago regionals paid 1/3 of what they do now. Nowadays, anyone who has kept their expenses reasonable can live off of a new FO salary (likely around 55-60K based off my research). If you have PTO from other job or a spouse that works you’re extra good.
3) Airlines practically are government jobs. We saw how quickly the government poured money in during Covid. The government has historically stepped in to relieve airlines who can’t keep their balance sheet green
4) I wouldn’t try to do both careers at once. You’ll get burnt out and be distracted. Try to cut costs if anything
#37
Before that, furlough was always a possibility, and usually a probability somewhere in your career.
Mergers & acquisitions were common in the last 20 years, although you probably still had a job or at least a number and recall rights.
Before that airline liquidation was a common end game.
I think the big four are too big to fail, unless there was a severe, sustained economic downturn (ie not covid).
I wouldn't assume government support as part of your airline career planning.
That's majors... with regionals anything's possible at any time. Three or four just up and shut down last year.
#38
That's majors... with regionals anything's possible at any time. Three or four just up and shut down last year.
#39
Layover Master
Joined APC: Jan 2013
Position: Seated
Posts: 4,311
1. Yes, you do want to work longer as a pilot. The fact of the matter is pilots love what they do. That’s why these geezers keep flying until regulations literally pry their crusty bodies out of the seat (and then they still consider finding a GA job). Firefighters never usually stop working after they hit their retirement anyways. These days people can realistically live to be in their 90s…. 40 years is too long to be retired without getting bored. Everyone seems to at least find a part time gig or they volunteer somewhere.
2) Yes, again. Ten years ago regionals paid 1/3 of what they do now. Nowadays, anyone who has kept their expenses reasonable can live off of a new FO salary (likely around 55-60K based off my research). If you have PTO from other job or a spouse that works you’re extra good.
3) Airlines practically are government jobs. We saw how quickly the government poured money in during Covid. The government has historically stepped in to relieve airlines who can’t keep their balance sheet green
4) I wouldn’t try to do both careers at once. You’ll get burnt out and be distracted. Try to cut costs if anything
2) Yes, again. Ten years ago regionals paid 1/3 of what they do now. Nowadays, anyone who has kept their expenses reasonable can live off of a new FO salary (likely around 55-60K based off my research). If you have PTO from other job or a spouse that works you’re extra good.
3) Airlines practically are government jobs. We saw how quickly the government poured money in during Covid. The government has historically stepped in to relieve airlines who can’t keep their balance sheet green
4) I wouldn’t try to do both careers at once. You’ll get burnt out and be distracted. Try to cut costs if anything
#40
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,470
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