Quality of Life with a Masters Degree
I am interested in moving to the USVI, and I have vacationed there many times over the last 5 years. I have extensive professional executive management experience and I currently work for the State of Ohio. I also have a masters degree in business (MBA) and I am currently working on another masters degree in Public Policy. With that being said, how easy will it be to get a job in the USVI in proportion to my educational level? I would prefer not to work at a gas station or in a bar/resort, if possible. Maybe I could work in a bar or resort as a fun light-hearted 2nd job, but not as my primary income source. How's the job market down there? Is there tough competition for jobs with a masters degree qualifications? Are there many people on the islands with masters degrees?
There are jobs but usually you have to be here to get them. On STX there are a few financial firms that may be interested in someone with an MBA. My MFA did nothing for me in my job search but an MBA is probably much more marketable.
If you have read through some of the post here you will see that the cost of living is quite out of proportion to the salaries, but there are oppurtunities.
You might want to send your resume to some banks or as Bombi said, financial firms. I know a couple of guys with MBA's who work for an EDC corp. basically just managing a very wealthy person's money. Bombi's also correct that mostly, nobody wants to talk to you unless you're here. In a cover letter you can specify a time you'll be here to set up an interview.
Some of our larger and mid size companies also have an on island CFO but the EDC financial services Co.'s are your likely best bet salary wise.
Thanks for the insight everyone. I do intend to move down to the USVI first, then look for a job once I'm on island.
How's the competition in the job market right now? Some places on the mainland are just simply not hiring due to the state of the US economy right now. Is this similar to the USVI job market?
Since you currently work in Government, you would think that it would make sense to start looking for Gov't work here....but it doesn't work that way, in my experience. Our Gov't employees get something like 53 paid holidays each year and to get hired, you need to be related to someone with some oomph...stick with the EDC's....
I think you could have a fabulous career here. After all, you know about business, and you know about political system and you're smart, so that means that if you're corrupt, you'd fit right into our system of islands! In fact you might just be smart enough to avoid prosection and may even be elected once you've been causght stealing from the cookie jar.
i heard that there's a lot of openings in the executive wing at the STT hospital. It's really nice, it has platinum in the floors and a driver that takes you from your car to your offce and in each drawer of your desk, there are tons of money just stuffed in there...
If you want I can even give you a recommendation..... I'll want a big payoff though....oh and i have friends and some of the awesome people in the forums want a piece of the action too... hmmm...maybe it's not as lucrative for you as I once thought.... either way, my offer is on the table...hehe...
TOO FUNNY T !
I think you have to be a USVI resident for at least one year before you can work for an EDC company.
You do not have to live here for a year before you can work for an EDC comp. -- You may? have to live here that long before the EDC comp. can count you as a VI resident to satisify their quota of resident employees.
I thought hiring people who lived here less than a year required an EDC company to "prove" a qualified applicant could not be found locally and the required proof was onerous and more effort than employers are customarily willing to expend.
I believe a certain percentage of your employees must be residents. When I hired on at the Buccaneer they asked when I had arrived on-island. After living here a year and being a full time employee, I changed status. Of course, the Bucc is always advertising for employees and always needs help, so maybe that factors in.
This is from the Virgin Islands MLS:
Approved by the US Congress, the program permits qualified taxpayers to cut their federal bill by 90 percent.
A 2004 federal law placed new restrictions on the tax program and chased off a burgeoning hedge fund industry attracted by the incentives, the Virgin Islands government says.
To qualify for the US Virgin Islands tax incentives, firms must invest at least $100,000 in the territory, buy products such as office supplies and computers in the US Virgin Islands, contribute to area charities and hire at least 10 people, 80 percent of whom must be natives of the islands.
Company owners must live in the territory for at least half of the year, under federal requirements. They have to undergo five examinations a year by the territory's Economic Development Authority.
"Natives of the islands?" It sounds like the EDC rule writers are involved in the Constitutional Convention! 😀
Ok that makes sense. So if you have 300 employees, for example, 240 of them must be residents, lived here one year.