Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:No, a 200k salary is not realistic in government straight out of law school. Have him look at a GS scale.
He has, and GS-15 is close to that salary, but it sounds like it would not be realistic to get there within a couple of years?
That is not typical, no. You can always find somebody who says they were hired as a 15 or made 15 really fast, but for most people it is a 5+ year ladder from entry to GS-15 step 1 (which is not $200k). And from there, you can move up the step ladder somewhat fast at the beginning but the wait between higher steps is longer.
I got my 15 at DOJ after 4 years (I started as an HP attorney). When I left at 7 years the colleague in the office across the hall from me, who came in as a lateral with about 2 years of experience, still didn't have their 15. GS-15 isn't guaranteed. Not at DOJ, anyway.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:No, a 200k salary is not realistic in government straight out of law school. Have him look at a GS scale.
He has, and GS-15 is close to that salary, but it sounds like it would not be realistic to get there within a couple of years?
That is not typical, no. You can always find somebody who says they were hired as a 15 or made 15 really fast, but for most people it is a 5+ year ladder from entry to GS-15 step 1 (which is not $200k). And from there, you can move up the step ladder somewhat fast at the beginning but the wait between higher steps is longer.
I got my 15 at DOJ after 4 years (I started as an HP attorney). When I left at 7 years the colleague in the office across the hall from me, who came in as a lateral with about 2 years of experience, still didn't have their 15. GS-15 isn't guaranteed. Not at DOJ, anyway.
Anonymous wrote:Anonymous wrote:Anonymous wrote:No, a 200k salary is not realistic in government straight out of law school. Have him look at a GS scale.
He has, and GS-15 is close to that salary, but it sounds like it would not be realistic to get there within a couple of years?
That is not typical, no. You can always find somebody who says they were hired as a 15 or made 15 really fast, but for most people it is a 5+ year ladder from entry to GS-15 step 1 (which is not $200k). And from there, you can move up the step ladder somewhat fast at the beginning but the wait between higher steps is longer.
Anonymous wrote:What are the job prospects for someone graduating the law school at University of Maryland at age 40 and looking to get into government or in-house legal work? Prior experience is all in PE/hedge fund. Do you have to basically start over? Is a 200k salary working 40 hours/week realistic?
DH really wants to make this switch because he can't find a 40 hour/week job in investing (government, nonprofit, or private sector), and his heart isn't in finance anymore, and he's always been interested in doing legal work. He worked closely with lawyers on the legal aspects of deals and feels like legal work is a good fit for him. We do not have a ton of savings, I'm in a low paid field, but we wouldn't go into debt for this degree. I want to be supportive but just not sure if he will be able to get the kind of job he wants.
Anonymous wrote:Anonymous wrote:He could look into procurement/contracting and get a certification but that would also not be a GS-15 position. Maybe a GS 11/12, but that would be a 40 hour work week. The thing is that it is almost impossible to get a 40 hour work week right out of law school unless it is a judicial law clerk position and those pay around $60,000 these days (and they only last 1-2 years).
Judicial law clerk positions are competitive. Not many UMD Law grads become judicial law clerks.
Anonymous wrote:He could look into procurement/contracting and get a certification but that would also not be a GS-15 position. Maybe a GS 11/12, but that would be a 40 hour work week. The thing is that it is almost impossible to get a 40 hour work week right out of law school unless it is a judicial law clerk position and those pay around $60,000 these days (and they only last 1-2 years).
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It really doesn’t seem like a good idea at his age. Maybe get a non-lawyer job at the SEC or FINRA? I’m sure they would love to have him with that experience.
He's been searching for several months, and there is virtually nothing for people with investments experience (vs. corporate finance/accounting). Just one specific office at the DFC, but even that one has a lot of travel, so seems intense...and he has applied for several jobs there with no results.
SEC hires lawyers and economists, not niche PE guys. He hasn't been able to find anything in finance at 40-45 hours/week, even at a much lower salary.
It feels really hard to be trapped at age 37. He's so unhappy and all he wants to do is to work normal hours so he can spend time with the kids and have a life.
If he's a finance guy, he should be looking at analyst and examiner positions at the federal banking agencies.
... but he doesn't want to be on the road (examiner positions) or ever work more than 40 hours or supervise AND earn $200K... He's looking for a unicorn position whether it is finance or legal. It might be out there but they're aren't many of them.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It really doesn’t seem like a good idea at his age. Maybe get a non-lawyer job at the SEC or FINRA? I’m sure they would love to have him with that experience.
He's been searching for several months, and there is virtually nothing for people with investments experience (vs. corporate finance/accounting). Just one specific office at the DFC, but even that one has a lot of travel, so seems intense...and he has applied for several jobs there with no results.
SEC hires lawyers and economists, not niche PE guys. He hasn't been able to find anything in finance at 40-45 hours/week, even at a much lower salary.
It feels really hard to be trapped at age 37. He's so unhappy and all he wants to do is to work normal hours so he can spend time with the kids and have a life.
If he's a finance guy, he should be looking at analyst and examiner positions at the federal banking agencies.
... but he doesn't want to be on the road (examiner positions) or ever work more than 40 hours or supervise AND earn $200K... He's looking for a unicorn position whether it is finance or legal. It might be out there but they're aren't many of them.