Are only kids of wealthy parents in elite professions majoring in arts/going to elite colleges?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We will have an oversupply of CS people, like we had librarians, pharmacists, and nurses in the past. The top ones, with keen business sense and strong interpersonal relationships, will make top $ and know which startup to join. The rest will end up at Accenture, writing code and building databases for some tired federal agency, and getting paid $150K/year.

Getting a $150k starting salary with only a bachelors is a huge deal.

Yup. Way better than having to do 8-10 years of med school, residency etc to get $150k in primary care or pediatrics.

You have no idea what you're saying. My DC1 is in med school. First, a pediatrician in DC area makes around 300k base salary to start. 180K is base pay first year in Podank, Nebraska and those positions are filled by foreign residents with med school outside US. People get into pediatrics because the schedule is wonderful and they don't work 40 hours/week, so it's very family friendly if you are a parent. In addition, pediatric centers are not owned by private equity but by the doctors. So you make good money as a business owner too. The work is meaningful- instead of staying in a room full of wire and people coding aimlessly for mostly useless purposes, you nurture life. If you no longer want to practice, you have a miriade of other job opportunities- research, insurance, biotech companies, FDA etc. If you get satisfaction from this, virtually all people respect doctors and are happy to have one in the neighborhood. As a doctor, you get special financing for a lot of things, including real estate. If you are a business owner, you get to structure your own profit sharing. If you work in the hospital, even PT, the hospital will pay your student loans and professional insurance. Being a doctor is way way above 99.9% of any CS jobs, in terms of intellect, prestige, and income - MIT grad here.

Lol what? Doctor salaries are the highest in areas where there is there is a shortage of doctors—-in other words, podunk, Nebraska. I think your DS is going to be in for a surprise.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We will have an oversupply of CS people, like we had librarians, pharmacists, and nurses in the past. The top ones, with keen business sense and strong interpersonal relationships, will make top $ and know which startup to join. The rest will end up at Accenture, writing code and building databases for some tired federal agency, and getting paid $150K/year.

Getting a $150k starting salary with only a bachelors is a huge deal.

Whose getting that!?!

Starting salary at most consulting firms like Bain, McKinsey and Accenture is above $100k plus joining bonus.

Not at “most” consulting firms, only for MBB and only from elite schools (for entry level at least). And it’s not $150k.

This is what Accenture offered undergrads at Princeton and Duke.

That is unrepresentative of college student outcomes (like most comments on here).

[Anonymous]

Anonymous wrote:Our society is going to be f’d over if the only thing people strove for is the highest possible salary.

My DS will likely make $40-55k the first year after graduation. They’ll be okay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We will have an oversupply of CS people, like we had librarians, pharmacists, and nurses in the past. The top ones, with keen business sense and strong interpersonal relationships, will make top $ and know which startup to join. The rest will end up at Accenture, writing code and building databases for some tired federal agency, and getting paid $150K/year.

Getting a $150k starting salary with only a bachelors is a huge deal.

Yup. Way better than having to do 8-10 years of med school, residency etc to get $150k in primary care or pediatrics.

You have no idea what you're saying. My DC1 is in med school. First, a pediatrician in DC area makes around 300k base salary to start. 180K is base pay first year in Podank, Nebraska and those positions are filled by foreign residents with med school outside US. People get into pediatrics because the schedule is wonderful and they don't work 40 hours/week, so it's very family friendly if you are a parent. In addition, pediatric centers are not owned by private equity but by the doctors. So you make good money as a business owner too. The work is meaningful- instead of staying in a room full of wire and people coding aimlessly for mostly useless purposes, you nurture life. If you no longer want to practice, you have a miriade of other job opportunities- research, insurance, biotech companies, FDA etc. If you get satisfaction from this, virtually all people respect doctors and are happy to have one in the neighborhood. As a doctor, you get special financing for a lot of things, including real estate. If you are a business owner, you get to structure your own profit sharing. If you work in the hospital, even PT, the hospital will pay your student loans and professional insurance. Being a doctor is way way above 99.9% of any CS jobs, in terms of intellect, prestige, and income - MIT grad here.

Liar, a pediatrician starting off in the DC area makes nowhere near 300k. Maybe after 10 years of practice, and by then, you’re old and way behind even an average IT worker in terms of wealth accumulation. The only pediatricians I know making 250-300k are in the podunk towns, so it’s not a bad path if you’re ok with living there. Is your DC too stupid to specialize? Even the bottom of the barrel are able to specialize nowadays.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We will have an oversupply of CS people, like we had librarians, pharmacists, and nurses in the past. The top ones, with keen business sense and strong interpersonal relationships, will make top $ and know which startup to join. The rest will end up at Accenture, writing code and building databases for some tired federal agency, and getting paid $150K/year.

Getting a $150k starting salary with only a bachelors is a huge deal.

Yup. Way better than having to do 8-10 years of med school, residency etc to get $150k in primary care or pediatrics.

You have no idea what you're saying. My DC1 is in med school. First, a pediatrician in DC area makes around 300k base salary to start. 180K is base pay first year in Podank, Nebraska and those positions are filled by foreign residents with med school outside US. People get into pediatrics because the schedule is wonderful and they don't work 40 hours/week, so it's very family friendly if you are a parent. In addition, pediatric centers are not owned by private equity but by the doctors. So you make good money as a business owner too. The work is meaningful- instead of staying in a room full of wire and people coding aimlessly for mostly useless purposes, you nurture life. If you no longer want to practice, you have a miriade of other job opportunities- research, insurance, biotech companies, FDA etc. If you get satisfaction from this, virtually all people respect doctors and are happy to have one in the neighborhood. As a doctor, you get special financing for a lot of things, including real estate. If you are a business owner, you get to structure your own profit sharing. If you work in the hospital, even PT, the hospital will pay your student loans and professional insurance. Being a doctor is way way above 99.9% of any CS jobs, in terms of intellect, prestige, and income - MIT grad here.

Well, I don't know about being light years ahead in intellect or "prestige," but yes, you're helping people directly. The world needs MDs and CS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We will have an oversupply of CS people, like we had librarians, pharmacists, and nurses in the past. The top ones, with keen business sense and strong interpersonal relationships, will make top $ and know which startup to join. The rest will end up at Accenture, writing code and building databases for some tired federal agency, and getting paid $150K/year.

Getting a $150k starting salary with only a bachelors is a huge deal.

Yup. Way better than having to do 8-10 years of med school, residency etc to get $150k in primary care or pediatrics.

You have no idea what you're saying. My DC1 is in med school. First, a pediatrician in DC area makes around 300k base salary to start. 180K is base pay first year in Podank, Nebraska and those positions are filled by foreign residents with med school outside US. People get into pediatrics because the schedule is wonderful and they don't work 40 hours/week, so it's very family friendly if you are a parent. In addition, pediatric centers are not owned by private equity but by the doctors. So you make good money as a business owner too. The work is meaningful- instead of staying in a room full of wire and people coding aimlessly for mostly useless purposes, you nurture life. If you no longer want to practice, you have a miriade of other job opportunities- research, insurance, biotech companies, FDA etc. If you get satisfaction from this, virtually all people respect doctors and are happy to have one in the neighborhood. As a doctor, you get special financing for a lot of things, including real estate. If you are a business owner, you get to structure your own profit sharing. If you work in the hospital, even PT, the hospital will pay your student loans and professional insurance. Being a doctor is way way above 99.9% of any CS jobs, in terms of intellect, prestige, and income - MIT grad here.

Lol what? Doctor salaries are the highest in areas where there is there is a shortage of doctors—-in other words, podunk, Nebraska. I think your DS is going to be in for a surprise.

You are a total idiot with zero knowledge about how healthcare works.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We will have an oversupply of CS people, like we had librarians, pharmacists, and nurses in the past. The top ones, with keen business sense and strong interpersonal relationships, will make top $ and know which startup to join. The rest will end up at Accenture, writing code and building databases for some tired federal agency, and getting paid $150K/year.

Getting a $150k starting salary with only a bachelors is a huge deal.

Yup. Way better than having to do 8-10 years of med school, residency etc to get $150k in primary care or pediatrics.

You have no idea what you're saying. My DC1 is in med school. First, a pediatrician in DC area makes around 300k base salary to start. 180K is base pay first year in Podank, Nebraska and those positions are filled by foreign residents with med school outside US. People get into pediatrics because the schedule is wonderful and they don't work 40 hours/week, so it's very family friendly if you are a parent. In addition, pediatric centers are not owned by private equity but by the doctors. So you make good money as a business owner too. The work is meaningful- instead of staying in a room full of wire and people coding aimlessly for mostly useless purposes, you nurture life. If you no longer want to practice, you have a miriade of other job opportunities- research, insurance, biotech companies, FDA etc. If you get satisfaction from this, virtually all people respect doctors and are happy to have one in the neighborhood. As a doctor, you get special financing for a lot of things, including real estate. If you are a business owner, you get to structure your own profit sharing. If you work in the hospital, even PT, the hospital will pay your student loans and professional insurance. Being a doctor is way way above 99.9% of any CS jobs, in terms of intellect, prestige, and income - MIT grad here.

Liar, a pediatrician starting off in the DC area makes nowhere near 300k. Maybe after 10 years of practice, and by then, you’re old and way behind even an average IT worker in terms of wealth accumulation. The only pediatricians I know making 250-300k are in the podunk towns, so it’s not a bad path if you’re ok with living there. Is your DC too stupid to specialize? Even the bottom of the barrel are able to specialize nowadays.

I'm sorry that your spawn, who was cared by a pediatrician, was not capable to get into med school, but yes, doctors do start with high salaries. Most of my DC's class also comes from affluent families, as medicine is no longer the profession for MC due to cost, so being concerned about the financial health of a bunch of already well to do kids is absurd. My DC will be a radiologist and his fiancée is a pediatrician. We love her and we are so proud of her and she doesn't even have to work. Her dad owns a big cardiology practice in FL.

[Anonymous]

Anonymous wrote:Our society is going to be f’d over if the only thing people strove for is the highest possible salary.

No, we won't. Only the poors will strive for the highest salary possible, because they are hungry and have no inheritance. The boomers are leaving insane amounts of wealth to the next generation, so we will have even more people going into intellectual fields. Also, a lot of creative types make great money now. I posted before about my friend from ES in Europe who makes over 1MM selling art on Saatchi and running an architectural firm. She has long term contracts with the EU supervising restoration of historic buildings. My DC2 is at MIT in the art program and he will make decent money working for a big company based in LA.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our society is going to be f’d over if the only thing people strove for is the highest possible salary.

No, we won't. Only the poors will strive for the highest salary possible, because they are hungry and have no inheritance. The boomers are leaving insane amounts of wealth to the next generation, so we will have even more people going into intellectual fields. Also, a lot of creative types make great money now. I posted before about my friend from ES in Europe who makes over 1MM selling art on Saatchi and running an architectural firm. She has long term contracts with the EU supervising restoration of historic buildings. My DC2 is at MIT in the art program and he will make decent money working for a big company based in LA.

I just need to tell you that it is an extremely small number of artists who make that much money.

I love artists and work with them. Most artists I know have day jobs to pay the rent.

The art world is awash in money but it’s not necessarily living artists who are earning it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We will have an oversupply of CS people, like we had librarians, pharmacists, and nurses in the past. The top ones, with keen business sense and strong interpersonal relationships, will make top $ and know which startup to join. The rest will end up at Accenture, writing code and building databases for some tired federal agency, and getting paid $150K/year.

Getting a $150k starting salary with only a bachelors is a huge deal.

Yup. Way better than having to do 8-10 years of med school, residency etc to get $150k in primary care or pediatrics.

You have no idea what you're saying. My DC1 is in med school. First, a pediatrician in DC area makes around 300k base salary to start. 180K is base pay first year in Podank, Nebraska and those positions are filled by foreign residents with med school outside US. People get into pediatrics because the schedule is wonderful and they don't work 40 hours/week, so it's very family friendly if you are a parent. In addition, pediatric centers are not owned by private equity but by the doctors. So you make good money as a business owner too. The work is meaningful- instead of staying in a room full of wire and people coding aimlessly for mostly useless purposes, you nurture life. If you no longer want to practice, you have a miriade of other job opportunities- research, insurance, biotech companies, FDA etc. If you get satisfaction from this, virtually all people respect doctors and are happy to have one in the neighborhood. As a doctor, you get special financing for a lot of things, including real estate. If you are a business owner, you get to structure your own profit sharing. If you work in the hospital, even PT, the hospital will pay your student loans and professional insurance. Being a doctor is way way above 99.9% of any CS jobs, in terms of intellect, prestige, and income - MIT grad here.

Lol what? Doctor salaries are the highest in areas where there is there is a shortage of doctors—-in other words, podunk, Nebraska. I think your DS is going to be in for a surprise.

You are a total idiot with zero knowledge about how healthcare works.

Nope. Rural medicine pays more.

[Anonymous]

I took Latin in high school and enjoyed it, so I continued with it through my years at Harvard. Looking back, every kid I encountered in higher level Latin courses (except for me) was from what DCUM would consider an “elite” family. There was no expectation that among them that they would need to support themselves financially, and the attitude toward school and the point of learning was entirely different. They weren’t all bookworm types bound for academic careers. A few seemed to actually relish the exclusivity and “uselessness” of the concentration.

A wholly different mindset from the people I knew embarking on careers meant to ensure $$$, to be sure.

[Anonymous]

This thread is typical DCUM incredibly bubble focused and not reflective of the real world at all

Typical DCUM kid from a high income/successful family you are set for life via family connections regardless of major or college
Top 25 school attender you are set for life via alumni and school prestige regardless of major

Those 2 criteria are most of DCUM folks

Now, if you are a normal family attending a normal college the following things actually matter

1 What companies are within a 25-50 mile radius of the school, most national prestige companies won't be recruiting
2. What majors/fields of studies do these companies hire

The main reason why there is a student loan debt crisis is because the vast majority of college attendees do not attend top 25 schools and major in things that companies are not looking for. These college graduates end up making salaries in the 30s/40s which frankly could be gotten without going to college for 4 years and racking up debt.

[Anonymous]

If anybody I knew growing up was majoring in English or History, it was with an education certification added on. They were onto something!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We will have an oversupply of CS people, like we had librarians, pharmacists, and nurses in the past. The top ones, with keen business sense and strong interpersonal relationships, will make top $ and know which startup to join. The rest will end up at Accenture, writing code and building databases for some tired federal agency, and getting paid $150K/year.

Getting a $150k starting salary with only a bachelors is a huge deal.

Whose getting that!?!

Starting salary at most consulting firms like Bain, McKinsey and Accenture is above $100k plus joining bonus.

Not at “most” consulting firms, only for MBB and only from elite schools (for entry level at least). And it’s not $150k.

This is what Accenture offered undergrads at Princeton and Duke.

That is unrepresentative of college student outcomes (like most comments on here).

Ha! Indeed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We will have an oversupply of CS people, like we had librarians, pharmacists, and nurses in the past. The top ones, with keen business sense and strong interpersonal relationships, will make top $ and know which startup to join. The rest will end up at Accenture, writing code and building databases for some tired federal agency, and getting paid $150K/year.

Getting a $150k starting salary with only a bachelors is a huge deal.

Yup. Way better than having to do 8-10 years of med school, residency etc to get $150k in primary care or pediatrics.

You have no idea what you're saying. My DC1 is in med school. First, a pediatrician in DC area makes around 300k base salary to start. 180K is base pay first year in Podank, Nebraska and those positions are filled by foreign residents with med school outside US. People get into pediatrics because the schedule is wonderful and they don't work 40 hours/week, so it's very family friendly if you are a parent. In addition, pediatric centers are not owned by private equity but by the doctors. So you make good money as a business owner too. The work is meaningful- instead of staying in a room full of wire and people coding aimlessly for mostly useless purposes, you nurture life. If you no longer want to practice, you have a miriade of other job opportunities- research, insurance, biotech companies, FDA etc. If you get satisfaction from this, virtually all people respect doctors and are happy to have one in the neighborhood. As a doctor, you get special financing for a lot of things, including real estate. If you are a business owner, you get to structure your own profit sharing. If you work in the hospital, even PT, the hospital will pay your student loans and professional insurance. Being a doctor is way way above 99.9% of any CS jobs, in terms of intellect, prestige, and income - MIT grad here.

If you can handle seeing very sick kids all the time and dealing with their annoying parents, plus insurance hassles, and having to report abuse to CPS.