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Reply to "Can you be rich as an engineer?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]150k at 27 is great, but they're likely going to be making only slightly higher 10 years later. Most of the senior-level developers I know make $175-200k. Lawyers and doctors do a lot better later in their careers.[/quote] agreed...but an engineer only needs a 4-year degree....a big bang for the buck if you ask me...[/quote] That’s actually a BIG part of it. Lawyers and doctors go into MAJOR debt for their career; generally they come from well off families, so they know if they hit any bumps they won’t be destitute and in debt for hundreds of thousands. [b]Engineers tend to come from LMC backgrounds,[/b] and the thought of taking in that much debt is stupefying (the loans for MBA/Law/Med school DWARF the value and mortgage of the houses they grew up in). It’s a hellscape nightmare level of debt, and a risk they can’t stomach with no backup plan. [/quote] Cite?[/quote] This is documented in many papers. https://www.theatlantic.com/business/archive/2015/07/college-major-rich-families-liberal-arts/397439/[/quote] It's lower than English, but in no way is that figure LMC. LMC kids typically do not get four year degrees. [/quote] I am defining the lower middle-class here as folks who would have to move back in with their parents or go on public assistance if things went bad, and moving back in with your parents means moving into a depressed job market with little opportunity. Basically anyone who is a student that would exceed the value of their parents house. That’s pretty much representative[/quote]
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