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I can graduate with my engineering degree and make 70k/yr
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Date: February 5th, 2012 11:44 PM Author: twisted odious background story Should I just say fuck it to the idea of going to LS and go to B-school in three or four years? (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907194) |
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Date: February 5th, 2012 11:44 PM Author: outnumbered degenerate dragon Yes. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907199) |
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Date: February 5th, 2012 11:49 PM Author: twisted odious background story Ok, so let's assume no LS. My GPA, while above median for my degree, is still SPS. I seriously doubt I will qualify for M7 MBA, though I'm not aware on their admissions criteria. Should I even bother with b-school, or just hoap to make some kind of management position at BIGENGINEERING? (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907233) |
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Date: February 6th, 2012 12:37 AM Author: Glassy idea he suggested principal's office just do engineering, bro. i would call you both credited and prestigious if you did. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907564) |
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Date: February 6th, 2012 1:36 AM Author: twisted odious background story Holy shit, tyvm. Sometimes reading XO can seriously fuck with my brain. I know I'm not the only one who is this way. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907960) |
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Date: February 6th, 2012 1:50 AM Author: Glassy idea he suggested principal's office yw.
Smart doods are risk-averse: LS is high risk, medium reward. Engineering is low risk, medium reward. In those terms, which is most preferable? |
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Date: February 6th, 2012 2:09 AM Author: Frisky painfully honest senate GPA is much less of an issue for business schools than it is for law schools. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19908132) |
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Date: February 6th, 2012 2:15 AM Author: Ruby metal sneaky criminal resort (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19908174) |
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Date: February 5th, 2012 11:46 PM Author: Swashbuckling menage death wish Yes (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907212) |
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Date: February 5th, 2012 11:46 PM Author: Yapping rehab hominid Patent law is booming! (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907217) |
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Date: February 5th, 2012 11:47 PM Author: outnumbered degenerate dragon But I'm pretty sure no one who graduated after about 2008 has ever been hired as a lawyer. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907221) |
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Date: February 5th, 2012 11:47 PM Author: Electric partner yarmulke Both LS and B-school are wastes of time. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907220) |
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Date: February 5th, 2012 11:49 PM Author: twisted odious background story What then is tcr? (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907240) |
Date: February 5th, 2012 11:47 PM Author: Harsh Titillating Preventive Strike enjoy getting outsourced to a higher-IQ, harder-working wage slave in China or India 2 years from now. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907222) |
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Date: February 5th, 2012 11:50 PM Author: twisted odious background story ty, wat do about foreign bros? (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907248) |
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Date: February 6th, 2012 12:38 AM Author: Wonderful range why don't you just do engineering and do neither law or business? Engineering is a lucrative interesting career where you'll make six figs soon enough (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907574) |
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Date: February 6th, 2012 1:37 AM Author: twisted odious background story Yeah, my only concern is that at some point many engineers become too expensive as they age. I don't know if I'll be accumulating truly valuable experience at the place I'll be working, but I have plenty of time to let things unfold. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907966) |
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Date: February 6th, 2012 1:05 AM Author: domesticated station organic girlfriend Work IRL and see how things go. I knew some engineers where their companies paid for them to get MBAs. If that ends up being you then why not. Otherwise, see where the winds blow - maybe grad degree in engineering, maybe just keep working. Whatever you do, don't go straight into law school taking on huge quantities of nondischargeable debt for a chance at earning more than the money you could get now. That's just dumb. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19907754) |
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Date: February 7th, 2012 8:25 PM Author: Curious base cr. 70k at 22 is nothing to sneeze at. If you live like a student you could save half a mil by 32. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19917908) |
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Date: February 7th, 2012 8:38 PM Author: domesticated station organic girlfriend 70k at 22 with little/no debt and a lower tax bracket and a more secure job beats $160k with $200k debt with constant worry about whether you'll get shoved out in 2 years or 3 and that's if you're lucky enough to even get that $160k. Reasonable chance you'll wish you could just take your old $70k offer again but of course it'll be gone by then...
But like I said, if he does want a grad degree there are smarter ways to go than straight to LS. For now the $70k job is the way to go. |
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Date: February 6th, 2012 1:56 AM Author: Topaz regret Dude, take the job and work. Law school always will be there if you don't like your job and want to take a shot at it in future.
that being said, unless you go T14 law, forget law. Then again, since you are engin background, you should have a better time getting a job.
however, most lawyers are miserable as fuck in their jobs and wish they never bothered with law school. something to think about. |
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Date: February 6th, 2012 12:07 PM Author: Vivacious hateful gaping Just start a business, bro. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19909082) |
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Date: February 6th, 2012 6:36 PM Author: Exhilarant church breakdown of options:
#1) Take eng job. You will have decent raises early on in your career and will hit 6 figures within 7-10 years. You will start to see slower raises as you get into your 30's and then will basically get "cost of living" raises (which aren't raises at all). In today's dollars, you will earn around 100-150k per year.
#2) MBA. MBA programs are not impressed by typical engineering work experience, and have many negative stereotypes about the people that accept such jobs. They would prefer banking/finance, consulting, or more business related roles like sales. So you are likely looking at a mediocre/low MBA program which might help you with a promotion or two in your company, but this type of management job promotes into middle management ~ 175-225k/yr. you would not be on track to wall st et al.
#3). LS. If you goto a top LS, you will go to a firm and get good money as an associate but probably not make partner. if you don't make partner and you end up in house, you will make apprx the same as the lower-ranked mba path above. you have better prospects in law than most because of tech background.
if you are happy living a comfortable middle class life, making somewhere in the 100's, you should just stick to engineering. its lower risk for sufficient compensation.
if you are greedy/ambitious, then you should shoot for a more business-y job right out of school (wall st or consulting ideally, corporate stuff as a backup). that will put you on track for a top mba.
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Date: February 6th, 2012 9:23 PM Author: Olive marketing idea Engineer, make 85k per year...low COL...save 60% of my salary. No debt. ~200k in savings. 27 years old.
#1) Sounds like a good option....low stress, make decent money, not have to worry too much about getting laid off. But top out at 100-150k per year unless I move into management, which doesn't require an MBA...
#2) 300k in lost wages + cost of schooling @ a top MBA. If I don't crack into SPACEBANKING, I basically make less than what I do right now as an MBA? Or perhaps slightly more...but not enough to justify the opportunity cost. ASSUME company won't pay for my MBA....and even if I do make it into SPACEBANKING, I basically work 80-100 hour weeks with the chance of making mad bank but hating my life?
#3) Seems like the worst option. 400k+ in lost wages + cost of schooling. Come out making maybe $125-160K. Flake out of BIGLAW in 4 years...go work in-house for 160K....be at the same spot I would be in just staying in engineering if I moved on to management...
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Date: February 6th, 2012 9:48 PM Author: 180 zippy church building boltzmann You can also typically get into a part-time MBA program while you work, and if you work for a good company, they will only encourage you and pay for it. Won't be equivalent to a full-time mba from an M7, but could still be great for climbing the corporate ladder. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19912025) |
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Date: February 7th, 2012 12:44 AM Author: Exhilarant church your path is a pretty credited life choice but it reduces the chance of being a 7 figures+/year baller (or even mid 6 figures) from small to zero. you are on track to be some boring, anonymous middle management office drone with a decent house in the suburbs.
the only reason to avoid your path is if you really want to pursue said baller lifestyle by becoming biglaw partner, high level banker, hedge fund person etc which would require inordinate amounts of effort and likely self-loathing.
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Date: February 7th, 2012 8:01 PM Author: Olive marketing idea Yeah, seems like I'll never really have a shot at the big times going this route. Maybe a 1% chance of making over 300k per year (well, when I'm close to retirement I should be able to amass nearly 500k per year or more with regular income + investment income after saving up a few million).
But I'll never be a 7 figure baller this way, true. But I also think this is probably true if I get my MBA as well. Most MBA grads make less than I do now, obviously top MBA grads make more...but even so, most of them start out at maybe 200k in total comp first year out and they work their ass of.
Of those that start out in consulting or banking, how many actually make it to 7 figure baller status? I would guess the odds are about as good as making it to BigLaw partner...that is, pretty low. Maybe 5% shot at best.
Seems like STRIVING for that path is a big gamble.
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Date: February 7th, 2012 8:09 PM Author: Beady-eyed flesh newt You got to consider QOL. If that engineering job is six figs, but 9-5? It's better IMO than 200K+ 70 hours a week. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19917827) |
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Date: February 6th, 2012 9:36 PM Author: plum round eye hell Would you want to to patent law if you went to law school, or would you try to go a different route? (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19911910) |
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Date: February 7th, 2012 8:13 PM Author: Zombie-like Milk Space what kind of company are you working for? you should probably stick it out in engineering and try to become a product manager type. from there, you can manage larger and larger teams, maybe eventually a division of a company. should you succeed, you'll make a shitload of money. (http://www.autoadmit.com/thread.php?thread_id=1866773&forum_id=2#19917843) |