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Easyjet MPL 2014 OAA/CTC

Old 6th May 2014, 21:13
  #81 (permalink)  
 
Join Date: May 2014
Location: UK
Posts: 5
An update to my earlier post.
I've been invited to Stage 2 at OAA.
Needing to choose a date to attend, will need to practice some of the tests beforehand mind.
chris_ is offline  
Old 7th May 2014, 06:25
  #82 (permalink)  
 
Join Date: Sep 2004
Location: London
Age: 31
Posts: 574
I can confirm the bond you give ctc is paid back tax free and your salary is dropped by the same amount. So a second officer scale is 38k, if you went through ctc your salary will be 29k. That goes through the taxman then the bond is added on after.
It's a substantial tax saving when you move to the SFO scale. My bond repayment is based on the 60k bond and am about 350 a month better off as a result. Over 7 years thats 29,400 more in your pocket than the government.
R T Jones is offline  
Old 7th May 2014, 11:36
  #83 (permalink)  
 
Join Date: Dec 2013
Location: EGLL
Posts: 47
I just did the Maths on the Finance, with some assumptions about time to command (ie 9 years at easyJet and 18 years at BA). These are based on Oxford's PARC Finances and exclude any tax implication of bond repayments, bonuses and differences in Interest Rates etc.

To summarise:
* There isn't much difference between BA and easyJet in the first 8 years.
* The big difference hits when you get your command at easyJet.
* In the 10 years where you are a Captain at easyJet vs SFO at BA, you accumulate 420k more in pay.
* After 30 years (which is when I would want to retire) the deficit is reduced to 200k.

For me, 1st Class Travel and Long Haul isn't such a big issue. I like my own bed and my own time zone. Likewise seniority is a big negative for me, I'd rather have weekends off when hopefully the kids are growing up than when I'm nearing retirement. Also I think the below highlights that your taking a 400k bet that BA is still around, needs Captains and the pay delta still exists in 10 years time. My preference is that I would rather have the cash in my pocket. The contract is a negative point, but one that I'm comfortable with. The regional point is a positive for me, not just within the UK but across Europe.

I also get your point about wanting to fly for BA. I agree that our generation has been brought up in an environment that people aspire to fly British Airways. Who knows if that will be the case in years to come?

So I think the easyJet MPL and the Future Pilot Program are both great initiatives. Your choice on which one is your preference does probably boil down to your Career aspirations of Long Haul vs Short Haul.

YEAR BA easyJet Deficit
1 45,425 38,750 6,675
2 50,704 38,000 19,379
3 55,982 57,006 18,355
4 63,372 70,396 11,331
5 69,707 70,396 10,642
6 72,874 70,396 13,119
7 75,513 70,396 18,236
8 65,842 70,396 13,682
9 68,171 121,005 -39,152
10 70,500 121,005 -89,656
11 72,830 121,005 -137,832
12 75,159 121,005 -183,678
13 77,488 121,005 -227,195
14 79,817 125,696 -273,074
15 82,146 125,696 -316,624
16 84,475 125,696 -357,845
17 86,805 125,696 -396,737
18 89,134 125,696 -433,299
19 131,035 125,696 -427,961
20 133,590 125,696 -420,067
21 136,146 125,696 -409,617
22 138,701 125,696 -396,612
23 141,256 125,696 -381,052
24 143,812 125,696 -362,936
25 146,367 125,696 -342,265
26 148,923 125,696 -319,039
27 151,478 125,696 -293,256
28 154,034 125,696 -264,919
29 156,589 125,696 -234,026
30 159,145 125,696 -200,578


Notes:
Payscales are based on pilotjobsnetworks and Future Pilot Program Presentation.
BA Drops at year 8 after the bond is repaid
For easyJet I assume 600 sectors per year (ie 150 working days, 4 sectors per day)
I include the current loyalty bonuses for easyJet ie 5, 10, 15 salary.
For BA, I assume a linear progression from paypoint 1 to paypoint 34.
LastPastthePost is offline  
Old 7th May 2014, 14:28
  #84 (permalink)  
 
Join Date: Dec 2010
Location: UK
Posts: 394
Smile

Interesting figures LpTP

However, I think nine years to command is unsustainable in the long run. Mathematically speaking such times to command are only likely after i) rapid expansion of the fleet, or ii) a mass exodus of flight crew to other carriers.

Realistically I wouldn't bank on making command before the 12 or 13 year mark at EZY; and that's possibly still being quite optimistic. So in reality, I'd be surprised if there was much of a difference in earnings over the course of your career, irrespective of whether you fly for BA or EZY.

Nevertheless, both are great options in my opinion, and anyone should jump at the opportunity to get a position flying for either.
G-F0RC3 is offline  
Old 8th May 2014, 17:39
  #85 (permalink)  
 
Join Date: Jun 2011
Location: UK
Posts: 14
I was wondering if anyone could shed any light as to definitively whether Oxford's course offers a 'guaranteed' UK base? Their website doesn't have any mention of this, however CTC's does offer a UK base - I would have thought the same terms would apply at both?

Thanks!
vne10 is offline  
Old 8th May 2014, 18:05
  #86 (permalink)  
 
Join Date: Jun 2011
Location: UK
Posts: 14
Thanks Ben, that's a shame that they don't offer a UK base. I'd happily work from anywhere if it was just me, but with a young family at school-age it isn't really feasible to live in another European country.
vne10 is offline  
Old 8th May 2014, 21:52
  #87 (permalink)  
 
Join Date: Feb 2014
Location: UK
Age: 28
Posts: 9
At the bottom of the OAA easyjet application form it says that you could be based in the UK, Germany or Portugal. I know some MPL graduates who have recently been based in Lisbon.
Ironside757 is offline  
Old 11th May 2014, 23:04
  #88 (permalink)  
 
Join Date: Feb 2011
Location: Somewhere
Posts: 57
Has anyone heard back from OAA yet? I presume it'll be after 15th (last Stage2 testing date).
Danny212 is offline  
Old 12th May 2014, 15:34
  #89 (permalink)  
 
Join Date: May 2014
Location: UK
Posts: 5
Do you mean after attending Stage 2? (i.e. results) or just in general for a Stage 2 invite?

I've been invited for Stage 2 testing, but don't think I'm going to bother now.
Going to hang on until FPP re-opens and go all gung-ho towards that.
chris_ is offline  
Old 12th May 2014, 18:23
  #90 (permalink)  
 
Join Date: Feb 2011
Location: Somewhere
Posts: 57
Nope I meant Stage 3. Should've been more clear lol
Danny212 is offline  
Old 13th May 2014, 12:52
  #91 (permalink)  
 
Join Date: Apr 2014
Location: The outer reaches
Posts: 36
Nice table of figures, but don't forget about income tax. Around 40000 will go on tax and NI when jumping to the circa 120000 bracket. Just over 20000 is lost on a circa 75000 pay band. But that said if pension contributions were say 10% it works out at about 1800 per month difference in take home. I doubt FREA allowance will go up anytime soon after the recent (?) rise.

How will tax/NI/pension contributions change? I love a good guessing game.
Stage5 is offline  
Old 14th May 2014, 11:39
  #92 (permalink)  
 
Join Date: Dec 2013
Location: EGLL
Posts: 47
There are some final stage interview / group exercises next week at Oxford.. No doubt the first of many..

Does anyone know the process and timescales for transferring back to the UK if you get allocated to a continental base? (or UK base you don't like). I wouldn't mind spending a few months abroad, but if it takes years it might be a problem..
LastPastthePost is offline  
Old 14th May 2014, 13:12
  #93 (permalink)  
 
Join Date: Sep 2012
Location: Uk
Age: 31
Posts: 7
are any of you guys going to the stage 3 interviews next week? also do you know how many places are available this year?
cky88 is offline  
Old 14th May 2014, 16:46
  #94 (permalink)  
 
Join Date: Apr 2014
Location: London
Age: 26
Posts: 5
Its somewhat strange that OAA have decided to push back the deadline from the 12th May until the 26th May especially since this week was meant to be the last stage 2 assessments with stage 3 commencing next week. I'm not sure how this will affect the schedule for the stage 3 assessments!


ashpure is offline  
Old 14th May 2014, 18:03
  #95 (permalink)  
 
Join Date: Dec 2013
Location: EGLL
Posts: 47
I think with some Airlines, they have a standard, you meet it, your in. As long as it works out to roughly the same number they intended its fine (although sometimes (like the FPP) not enough meet the standard!)

I know last year with easyJet MPL they told some people mid process they made the cut, so they could get moving with the earlier courses. Same thing happened at Aer Lingus.

Did they ask easyJet specific questions at stage 2 interviews? I got a credit for a previous interview so didn't need to do one.
LastPastthePost is offline  
Old 14th May 2014, 20:10
  #96 (permalink)  
 
Join Date: Sep 2012
Location: Uk
Age: 31
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I have my stage 3 assessment next week, let's hope it all goes to plan
cky88 is offline  
Old 14th May 2014, 23:04
  #97 (permalink)  
 
Join Date: Feb 2011
Location: Somewhere
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Likewise Stage 3 next week ..recieved a phone call as emails weren't sending through to some people including myself.
See a few of you there!

Last edited by Danny212; 16th May 2014 at 15:42.
Danny212 is offline  
Old 15th May 2014, 08:17
  #98 (permalink)  
 
Join Date: Dec 2010
Location: UK
Posts: 394
Good luck guys!
G-F0RC3 is offline  
Old 15th May 2014, 16:58
  #99 (permalink)  
 
Join Date: Feb 2014
Location: Birmingham, UK
Age: 26
Posts: 13
Has anyone applied to the CTC one?
Runner233 is offline  
Old 15th May 2014, 21:45
  #100 (permalink)  
 
Join Date: May 2014
Location: Scotland
Posts: 5
There are Stage 2s at Oxford up until the 13th June.
McMaverick is offline  

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