My personal opinion is you should never spend more than half an annual starting salary on the education it takes to get in the door. I know many would disagree but I think it is stupid to spend 400,000 on education when you are only expecting a 100,000 return the first year let alone a paltry 50,000k return. So many young people don't look beyond the school and the easy loans and too many end up having to have help from their parents or government long after they have began working full time in their profession. So they end up with loans they can't repay or makes life extremely difficult for them and their families to remain economically stable. They can at first easily get credit cards during this phase of desperation and "surprise surprise" they use them and use them till they can't pay those back either. Then a path to bankruptcy and bitterness. My advice is not to listen to your teachers on career advice they will guarantee you will be as poor as they.
One does not have to be a doctor to make doctor like salaries. It does not take years of expensive education and masters degrees to be successful. Many kids get depressed because they see no upward road or see the road blocked with money lenders and toll booths. Targeting your proficiencies to hit the highest possible economic return has more to do with understanding the supply and demand of the jobs you are interested in. Also one should consider moving or commuting temporarily to an area where the job they want to do is in very high demand. They can then get training and a fast track up the ladder that wouldn't be available otherwise.
If anyone has experience being a DBA or is interested in learning. Send me a private email. There is very high demand for DBAs and Business Intelligence Developers and it is only going to grow.
That's a lot of money in some parts of the country, in other parts it's not enough.
Those numbers are REALLY low - the starting salary for ME’s is greater than what is cited as the median.
Don’t tell the dems, but there are alot of jobs at those links
LOL
Good point.
Try this.
GEt a job with a telephone company - any will do - they only need to use a 5ESS in thier switching system.
For about $40K (varies on your location) you can get all the training you need to be a 5ESS switch tech.
Take a job in Sudia Arabia ($100K to $150K for a year) to pay off your cost of education and come bck STateside after 2 years (for tax reasons).
Depending on location union/nonunion, 5ESS techs can make between 50 to 100K year.
No degree, no need.
It could happen.
LOL....check the pay of "court interpreters" in your area....
Here in Dallas, TX these folks are asking for a raise from the *measly* 25 bucks ph to 50 bucks per hour.
Here’s an exercise for you...
Take your gross pay and add %7.5. Then divide by 2080. That will get your hourly gross rate.
Then take your net paycheck multiply times the number of paycheks per year and then divide by 2080 and get your hourly net rate.
Compare those two figures and look how much you pay in Taxes, Medicare, Insurance etc per hour.
Imagine if you got the whole thing every pay period...
I love shoes. Al, in Greentree, about 25 miles from me, is one of the last great shoe repair guys. I picked up six pairs this morning I had dropped off last week. He charged me $250 for soles, heals and his best shine.
He does an honest day’s work for an honest day’s dollar and has more work than he can handle. He’s going to retire one of these days and I am going to have to find someone else. I’ve tried to find someone closer a time or so, but they just don’t fix shoes like Al.
If I had it to do over again, I might learn a trade instead of a profession.
It’s not how much you make that matters it is what stuff costs. You can make 100K a year and if housing costs 1 million you are hurting bad.
Here, you can buy houses all day long for $25,000. Total. And on contract, with poor credit and no steady job at all.
And I am talking 1300sqf or better in good condition.
And you can find those $25 per hour jobs within an hour or slightly more of a commute.
And live in a town with such low crime rate you can leave town for the weekend and not lock your doors at all.
Can’t be beat !!
You can make a lot of money as a Registered Nurse!
Or you can have a family, your health, your sanity, your compassion intact and self esteem.
(From and RN who is taking a ‘sabatical’ from nursing and making more and getting to know my family again!)
It does say household, could be one earner, probably is two earners in most households and there is a growing number of three or more earners per household.
It’s a sick World where a Human Resources Generalist makes more money than a Civil Engineer.
My personal opinion is you should never spend more than half an annual starting salary on the education it takes to get in the door.
My son received a BA from Miami University in Ohio and now he’s a Marine Sgt. I don’t feel I wasted my money.
Are these mean or median salaries?
Civil engineers and Architects are more local occupations, so their salaries probably vary greatly around the U.S. depending on the cost of living. They probably also are more likely to get bonuses tied to the time lines of their building project contracts, which could reduce the salary component of their compensation.
A quick Google search reveals another web site (http://www.referwork-jobs.com/) which backs up the above numbers for CEs but shows Architects making $70,000/year on average, and shows both CEs and Architects average about 10% more in bonuses.
I would think chemists are more likely to work for major companies and would be more likely to have salaries similar to engineers.
The one which really stands out is Physical Therapist. That is a job where the salary is probably driven by shortages in the field.
The self-employed person has to match his own social security contributions -- i.e., a company-employed worker has half as much social security witheld as the self-employed. In essence, whatever hourly wage the company is paying that person is that dollar figure plus the amount of SS contributed.
Then there's sick time and vacation. Depending on the job, that $22 per hour figure may very well include paid sick days and paid holidays. The self-employed person doesn't get paid when he doesn't work.
THEN there's health insurance. The self-employed person has to pay an outrageous amount of money per month and, if I'm correct, in some states cannot pay for it with pre-tax dollars. He's still paying the same co-pay, but has to shell out considerably more for the privelege, where someone employed at a company gets a much better "deal" on insurance.
Maybe this stuff is factored into figuring the "real" wage being paid ... but I doubt it.
Masters degree = $125,000
First year's pay = $50,000
Dodging the Vietnam draft? Priceless.....
That's why there is such an over emphasis on higher education: we have a huge overabundance of older phd and MS degree types who just stayed in to dodge the draft.
The market for higher ed is simply returning to normal.
These are the salaries if you work FOR someone.
I worked for a company for 15 years. Then I quit & started to do work for myself...got a couple a clients, etc.
Now 12 years after quitting, I make 3 times more than I ever could have working for the other company.
Sure it’s alot of headaches, but worth it.
But this can’t possibly be correct, everybody KNOWS that public school teachers make more money than anyone on the planet.
sarcasm off