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I see what you are saying but I think you are falling for the grass is greener fallacy. I'll explain because I have visibility into those other industries perso
by wh-uws 11y ago
I see what you are saying but I think you are falling for the grass is greener fallacy. I'll explain because I have visibility into those other industries personally.
I happen to have to have a close friend who was an investment banker and have met many through him. Their shelf life is 3 to 4 years max unless they perform well enough to make to make it to the next rung in the chain which their are few spots for. Most try as hard as they can to impress to make it into private equity, a hedge fund, or a VC. And if you dont make it you have to go into something else.
I have another close friend who is a lawyer. You are correct about that profession.... But only if you make it into a top 10 law school and a top tier law firm. If not you're lucky if you can find a job period.
http://mobile.nytimes.com/2015/08/25/opinion/too-many-law-students-too-few-legal-jobs.html http://mobile.nytimes.com/2015/08/25/opinion/too-many-law-st...
Doctors are a similar position to lawyers. More secure but you have to go to school much longer which I hope you can extrapolate means a lot more debt to pay off before you get a shot at making retirement money.
You are also drastically underestimating the amount of continuous education in other fields as well. Not quite as fast as in tech but not non existant either.
So I'm telling you we have it the best out of all the other professions you mentioned.
No school is required, a CS degreee helps immensely but it can be done without it. If you play your cards right you can make enough money to live in the top rung of people in every city except SF (you can even live really good in NYC if you land a good gig). I can think of few other professions like it.
P.S if it helps you feel any better Id be happy to ask my network to get more info.
Here's the fields I have friends or family in to go find more info to help dispell myths about.
Finance, Law, Healthcare, Oil and Gas, Dentistry, and probably others im not thinking of.
- JDShu 11y agoI'd be curious about Oil and Gas. I'm familiar with the other fields, but that one seems to require even less training for around the same amount of money. Or if you get into petroleum engineering - I remember in college that was known as the profession with the highest salary straight out of school.