As a new entrant to this forum and industry, I extend my warmest greetings to all! Very excited to be here. Now to my current point.
Apparently, this is a pretty unprecedented time for those of us that are taking the first step into the 121 arena. If you meet the requirements, you are likely to have offers from an overwhelming number of companies, leaving you faced with "the choice".
Please confirm or correct; research shows that there is no such thing as the "best" regional. One must choose either 1)decent pay and/or QOL and a longer upgrade, or 2)less decent pay and/or QOL and a -possibly- shorter upgrade. Doesn't seem that one can have it all, rather must choose the balance that works best for the individual.
It seems that starting and subsequent pay rates in a given seat are pretty much guaranteed, at least until things change. This is in contrast to what one is told regarding upgrade times: how can anyone say for certain when an upgrade will occur, especially when the reasons given always seem based on what is "projected" to happen, such as the acquisition of new contracts and/or more planes which in some cases have yet to be finalized, delivered and/or built? How often do recruiters simply make it sound like an upgrade is only 12-24 months away just to sway people to join their team? For example, if one were to go to a regional having been told to expect a 2 yr upgrade and 4 years later they are still waiting, how unfortunate would they be, having been stuck with unconscionable pay for longer than planned, versus going to a regional where the upgrade is admittedly longer, but the pay while waiting consistently outperforms lower offerings by a rough average of $6000 more per year?
A huge gamble, but from what I gather that's what the regional level is yes? Personally, I prefer the relative guarantee of better pay while waiting over the more stressful hope for a quick upgrade. Guarantee vs. hope. Play it safe and know what your check is going to look like, or roll the dice and possibly hit big. Only thing, this is not Vegas, and if you crap out, it affects your life quite significantly, to the tune of missing a rough average of $12,000 over 3 years. Younger people may be able to try different regionals a time or two and be okay, older people are more likely to want to get it right the first time.
For example, the difference in second year FO pay between a lower paying regional and a higher paying regional is roughly $9000. (I am purposely not calling company names in an attempt to avoid offending anyone, even though what I am stating are published numbers and not personal musings. Research will show which companies and numbers were used for this example.)
Research shows that larger regionals, along with some of the smaller ones, are working towards better treatment, but apparently that has been tried before and didn't turn out too well (Comair?). However, it seems that there is now more leverage due to the shortage of people that meet the new requirements. Would it make more sense to go with one of the larger regionals, or may that leverage not be as strong as perceived? Is there security in numbers, or is that not applicable to this industry?
This forum seems to be one of the better gatherings of people that are close to the industry, and you already have my respect and likely that of many others. Specifically, I'm looking for those of you that are mature, knowledgeable, and experienced to share your thoughts. I think this conversation will help many newcomers like myself and serve as a great launchpad for research.
I'm trying to keep this first post from going too long, so if it seems that anything was missed or some thought processes omitted, please, respectfully, work them in. Please no flaming or trolling; I and I'm sure many others will get a lot more out of this conversation without all of that.
So please, if you will, share your thoughts. Thanks!