Gblock;689980 wrote:seems low to me but i have no data

LJ;689984 wrote:This is just a basic website, I don't feel like trying to remember my fiancee's password to get onto the AVMA website.

http://www.payscale.com/research/US/Job=Veterinarian/Salary

Gblock;689985 wrote:you are correct it shows average at around 80000....ohio teacher average 53000 from the same site

Gblock;689955 wrote:does seem dumb...who the eff would sign up to go 200000 in debt to get a job that pays less than 50000. seems like you would be better off for that kinda money to become a medical doctor or dentist/surgeon or lawyer.

LJ;689987 wrote:So ROI is roughly higher for teachers

wkfan;689961 wrote:yea...but it's a doctor of animals......not like its a doctor of something important, like people.

O-Trap;689992 wrote:I'm actually going to come to Gblock's defense here.

You can't spend ROI. You can spend net. Teacher ROI is higher, but higher ROI doesn't at all mean higher net.

fan_from_texas;689991 wrote:I can't speak for doctors, but lawyer stats are pretty similar to vets--$150-200k in debt for typical starting salaries in the $40-50k range.

For comparison's sake, that's comparable to starting comp for teachers in the school districts here, who have 3 fewer years of school and significantly less debt.

It seems to me that teachers say, "We work so hard; we should get more money, like other professionals." And then other professionals come back and say, "Well, actually, teachers, your comp is competitive with other professionals." This issue, to me, isn't that teachers are underpaid; it's that many are out of touch with how everyone else is compensated.

LJ;689998 wrote:Uh, ROI does = spending net. My fiancee's student loan payment is $855 per month. What is the average teachers? Plus she has to pay taxes on any forgiven debt after paying for 25 years (federal loans)

Gblock;690001 wrote:i pay on two loans and pay $600 per month. 25,000 loan for undergrad and 20,000 for masters.

Gblock;690000 wrote:my younger brother/roomate started in the mid 90's and now makes about 107000 plus what ever yearly bonus they give him...usually about 4-6000. he got lucky on school loans cause he got a full ride to play football at toledo for undergrad. I have two other good friends who do malpractice/personal injury law who both make over 200000. I guess it depends on the type of law you do.

http://www.payscale.com/research/US/Job=Attorney_%2f_Lawyer/Salary

fan_from_texas;690015 wrote:Lawyer salaries have a bimodal distribution. Basically, a small percentage of lawyers start with six-figure salaries, while virtually everyone else starts at $40-50k. Both sets have six figure loans. If you're interested in the data, I can direct you to a number of sites that talk about the problem, including the big article in the NYTimes a few weeks ago (http://www.nytimes.com/2011/01/09/business/09law.html?_r=1).

LJ;689998 wrote:Uh, ROI does = spending net. My fiancee's student loan payment is $855 per month. What is the average teachers? Plus she has to pay taxes on any forgiven debt after paying for 25 years (federal loans)

fan_from_texas;689991 wrote:I can't speak for doctors, but lawyer stats are pretty similar to vets--$150-200k in debt for typical starting salaries in the $40-50k range.

For comparison's sake, that's comparable to starting comp for teachers in the school districts here, who have 3 fewer years of school and significantly less debt.

It seems to me that teachers say, "We work so hard; we should get more money, like other professionals." And then other professionals come back and say, "Well, actually, teachers, your comp is competitive with other professionals." This issue, to me, isn't that teachers are underpaid; it's that many are out of touch with how everyone else is compensated.

Gblock;690020 wrote:i believe you ...that sux for those people

O-Trap;690021 wrote:If I make $400 a month, but only pay $200 in student loans a month, my ROI is 2.00. My net income (if using these two metrics, as I thought this was the case) is $200 a month.

If I make $4000 a month, and I pay $3000 in student loans a month, my ROI is only 1.33 (less than the former case). My net income, however, is $1000 a month (more than the former).

wkfan;690023 wrote:1. Manhattan quopted a starting salary for a 1st year associate of $105K...down from the $120's.

2. I didn't know that amount of debt entered into the starting salary equation.

LJ;690028 wrote:You are using massive extremes

undergrad only teacher making 36k will net $2400 per month.
new grad vet will net around $3200

The average debt for a new grad from undergrad is 19k. That makes a monthly payment of around $200 over 10 years. So $2200 per month. After 10 years, they get that $200 back.

A vet will make a payment of around $800 per month over 25 years, giving them $2400 take home, but has to pay for it over 25 years. While the vet does have $200 more, they are getting a much higher return and will be out of debt much faster. Plus, that new grad teacher has a 4 year head start on the vet.

derek bomar;690037 wrote:One of my best friends has been out of law school for 2 years and is right now clerking...he's I think about ready to give up and just try and do something else. Luckily, his gf is one of the lucky law students who has a six-figure income to start, but they both have over 100k in debt, so it's not like they're rolling in cash.

Also, my sisters dbag ex bf is in law school now and I couldn't be happier knowing he's going to have a shit load of debt and no way to pay it back (my money is on him not getting his dream Sports Agent Job)

Gblock;690001 wrote:i pay on two loans and pay $600 per month. 25,000 loan for undergrad and 20,000 for masters.

iclfan2;690095 wrote:You paid $20k for a masters degree in education? That seems way steep for that degree, with a low ROI.