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25 years old and deep in debt

Started by CountDeMoney, September 10, 2012, 10:43:12 PM

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Jacob

Quote from: garbon on December 04, 2012, 03:17:18 PMAre you saying this degree doesn't look useful?

http://www.cca.edu/academics/graduate/comics

That degree looks quite useful, actually. Plenty of applications for those skills in a number of design and marketing jobs in various fields.

Barrister

Quote from: Jacob on December 04, 2012, 04:00:00 PM
Quote from: garbon on December 04, 2012, 03:17:18 PMAre you saying this degree doesn't look useful?

http://www.cca.edu/academics/graduate/comics

That degree looks quite useful, actually. Plenty of applications for those skills in a number of design and marketing jobs in various fields.

Surely those jobs could be had with an undergrad in comics though. :hmm:
Posts here are my own private opinions.  I do not speak for my employer.

garbon

Quote from: Barrister on December 04, 2012, 04:05:15 PM
Quote from: Jacob on December 04, 2012, 04:00:00 PM
Quote from: garbon on December 04, 2012, 03:17:18 PMAre you saying this degree doesn't look useful?

http://www.cca.edu/academics/graduate/comics

That degree looks quite useful, actually. Plenty of applications for those skills in a number of design and marketing jobs in various fields.

Surely those jobs could be had with an undergrad in comics though. :hmm:

Or conversely, might make more sense to get degrees more tailored to design and marketing jobs than one that incidentally overlaps.
"I've never been quite sure what the point of a eunuch is, if truth be told. It seems to me they're only men with the useful bits cut off."
I drank because I wanted to drown my sorrows, but now the damned things have learned to swim.

Jacob

Quote from: Barrister on December 04, 2012, 04:05:15 PMSurely those jobs could be had with an undergrad in comics though. :hmm:

As someone who's involved in the hiring of artists on a regular basis, an MFA is an advantage.

Ultimately, however, what matters is the portfolio. Doing an MFA is an excellent way to improve your portfolio in a structured fashion.

Jacob

Quote from: garbon on December 04, 2012, 04:11:11 PMOr conversely, might make more sense to get degrees more tailored to design and marketing jobs than one that incidentally overlaps.

You mean like your degree was tailored to become a business analyst in the pharmaceutical field?

garbon

Quote from: Jacob on December 04, 2012, 04:25:06 PM
Quote from: garbon on December 04, 2012, 04:11:11 PMOr conversely, might make more sense to get degrees more tailored to design and marketing jobs than one that incidentally overlaps.

You mean like your degree was tailored to become a business analyst in the pharmaceutical field?

1) It was undergrad so probably doesn't need to be specialized - not for business anyway.
2) Everyone was pretty psyched (ugh!) about how psychology and use of SPSS dovetails right into market research (after all my job consists of designing surveys and analyzing results which is what one does as a psych major). So yeah, as undergrad majors go, I probably picked one of the closest ones I could to my current field.
"I've never been quite sure what the point of a eunuch is, if truth be told. It seems to me they're only men with the useful bits cut off."
I drank because I wanted to drown my sorrows, but now the damned things have learned to swim.


Darth Wagtaros

PDH!

Ideologue

#593
Quote from: Gups on December 04, 2012, 09:12:26 AM
Quote from: Neil on December 04, 2012, 12:05:10 AM
How in the fuck does a law teacher research anything?  Their discipline is not only ridiculous and made-up, but also unscientific.

I have to say that after 12 years as a lawyer (and one who does deal with law rather than just tick boxes ono a due diligence spreadsheet), I have only ever read one academic paper. And that was useless.

Wow, it's awesome that a real lawyer might hold the same opinion as I.  Now I don't feel nearly as iffy about it.
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Neil

Quote from: Ideologue on December 04, 2012, 08:42:17 PM
Quote from: Gups on December 04, 2012, 09:12:26 AM
Quote from: Neil on December 04, 2012, 12:05:10 AM
How in the fuck does a law teacher research anything?  Their discipline is not only ridiculous and made-up, but also unscientific.
I have to say that after 12 years as a lawyer (and one who does deal with law rather than just tick boxes ono a due diligence spreadsheet), I have only ever read one academic paper. And that was useless.
Wow, it's awesome that a real lawyer might hold the same opinion as I.  Now I don't feel nearly as iffy about it.
No, I'm not a lawyer.  That'd be terrible.
I do not hate you, nor do I love you, but you are made out of atoms which I can use for something else.

Scipio

The problem is that we've educated too many fucking academics, and not enough of the old ones are dying.
What I speak out of my mouth is the truth.  It burns like fire.
-Jose Canseco

There you go, giving a fuck when it ain't your turn to give a fuck.
-Every cop, The Wire

"It is always good to be known for one's Krapp."
-John Hurt

Ideologue

Quote from: Neil on December 04, 2012, 10:23:19 PM
Quote from: Ideologue on December 04, 2012, 08:42:17 PM
Quote from: Gups on December 04, 2012, 09:12:26 AM
Quote from: Neil on December 04, 2012, 12:05:10 AM
How in the fuck does a law teacher research anything?  Their discipline is not only ridiculous and made-up, but also unscientific.
I have to say that after 12 years as a lawyer (and one who does deal with law rather than just tick boxes ono a due diligence spreadsheet), I have only ever read one academic paper. And that was useless.
Wow, it's awesome that a real lawyer might hold the same opinion as I.  Now I don't feel nearly as iffy about it.
No, I'm not a lawyer.  That'd be terrible.

:lol:
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Syt

The law dean of Case Western Reserve University says a law degree is a good investment. Ide, take heed! :P

http://www.nytimes.com/2012/11/29/opinion/law-school-is-worth-the-money.html

QuoteLaw School Is Worth the Money
By LAWRENCE E. MITCHELL
Published: November 28, 2012

I'M a law dean, and I'm proud. And I think it's time to stop the nonsense. After two years of almost relentless attacks on law schools, a bit of perspective would be nice.

For at least two years, the popular press, bloggers and a few sensationalist law professors have turned American law schools into the new investment banks. We entice bright young students into our academic clutches. Succubus-like, when we've taken what we want from them, we return them to the mean and barren streets to fend for themselves.

The hysteria has masked some important realities and created an environment in which some of the brightest potential lawyers are, largely irrationally, forgoing the possibility of a rich, rewarding and, yes, profitable, career.

The starting point is the job market. It's bad. It's bad in many industries. "Bad," in law, means that most students will have trouble finding a first job, especially at law firms. But a little historical perspective will reveal that the law job market has been bad — very bad — before. To take the most recent low before this era, in 1998, 55 percent of law graduates started in law firms. In 2011, that number was 50 percent. A 9 percent decline from a previous low during the worst economic conditions in decades hardly seems catastrophic. And this statistic ignores the other jobs lawyers do.

Even so, the focus on first jobs is misplaced. We educate students for a career likely to span 40 to 50 years. The world is guaranteed to change in unpredictable ways, but that reality doesn't keep us from planning our lives. Moreover, the career for which we educate students, done through the medium of the law, is a career in leadership and creative problem solving. Many graduates will find that their legal educations give them the skills to find rich and rewarding lives in business, politics, government, finance, the nonprofit sector, the arts, education and more.

What else will these thousands of students who have been discouraged from attending law school do? Where will they find a more fulfilling career? They're not all going to be doctors or investment bankers, nor should they. Looking purely at the economics, in 2011, the median starting salary for practicing lawyers was $61,500; the mean salary for all practicing lawyers was $130,490, compared with $176,550 for corporate chief executives, $189,210 for internists and $79,300 for architects. This average includes many lawyers who graduated into really bad job markets. And the United States Bureau of Labor Statistics reports projected growth in lawyers' jobs from 2010 to 2020 at 10 percent, "about as fast as the average for all occupations."

It's true, and a problem, that tuition has increased. One report shows that tuition at private schools increased about 160 percent from 1985 to 2011. Private medical school tuition increased only 63 percent during that period. But, in 1985, medical school already cost four times more than law school. And starting salaries for law graduates have increased by 125 percent over that period.

Debt, too, is a problem. The average student at a private law school graduates with $125,000 in debt. But the average lawyer's annual salary exceeds that number. You'd consider a home mortgage at that ratio to be pretty sweet.

Investment in tuition is for a lifelong career, not a first job. There are many ways to realize a satisfactory return on this investment. Even practicing law appears to have paid off over the long term.

The graying of baby-boom lawyers creates opportunities. As more senior lawyers retire, jobs will open, even in the unlikely case that the law business doesn't expand with an improving economy. More opportunity will open to women and minorities, too. As with any industry in transition, changes in the delivery of legal services create opportunities as well as challenges. Creative, innovative and entrepreneurial lawyers will find ways to capitalize on this.

The overwrought atmosphere has created irrationalities that prevent talented students from realizing their ambitions. Last spring we accepted an excellent student with a generous financial-aid package that left her with the need to borrow only $5,000 a year. She told us that she thought it would be "irresponsible" to borrow the money. She didn't attend any law school. I think that was extremely shortsighted, but this prevailing attitude discourages bright students from attending law school.

We could do things better, and every law school with which I'm familiar is looking to address its problems. In the meantime, the one-sided analysis is inflicting significant damage, not only on law schools but also on a society that may well soon find itself bereft of its best and brightest lawyers.

I am, somehow, less interested in the weight and convolutions of Einstein's brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops.
—Stephen Jay Gould

Proud owner of 42 Zoupa Points.

Neil

It's not like law is a profession that requires the best and brightest.  It's just the profession of navigating bullshit.  If they were really special, they'd have a better calling.
I do not hate you, nor do I love you, but you are made out of atoms which I can use for something else.

Phillip V

Students Take Aim at College Endowments

'On dozens of campuses, college students are demanding that their schools combat pollution and climate change by divesting themselves of coal, oil and gas stocks.'

http://www.nytimes.com/2012/12/05/business/energy-environment/to-fight-climate-change-college-students-take-aim-at-the-endowment-portfolio.html
QuoteA group of Swarthmore College students is asking the school administration to take a seemingly simple step to combat pollution and climate change: sell off the endowment’s holdings in large fossil fuel companies. For months, they have been getting a simple answer: no.
...
At colleges with large endowments, many administrators are viewing the demand skeptically, saying it would undermine their goal of maximum returns in support of education. Fossil fuel companies represent a significant portion of the stock market, comprising nearly 10 percent of the value of the Russell 3000, a broad index of 3,000 American companies.

No school with an endowment exceeding $1 billion has agreed to divest itself of fossil fuel stocks. At Harvard, which holds the largest endowment in the country at $31 billion, the student body recently voted to ask the school to do so. With roughly half the undergraduates voting, 72 percent of them supported the demand.

“We always appreciate hearing from students about their viewpoints, but Harvard is not considering divesting from companies related to fossil fuels,” Kevin Galvin, a university spokesman, said by e-mail.