« on: August 21, 2011, 06:03:03 PM »
Starting out very few if any lawyers make 160k even from t14 schools. Go to law school if you want to be a lawyer, but not to make money. The reality is no degree guarantees you a fortune. Not an MBA, J.D, M.D, whatever it may be odds are you will never become a millionaire. There are plenty of t3/4 grads that have jobs as lawyers and there are plenty that don't. Same is true of people with Bachelor's, MBA's, M.D.s etc and a graduate from any school in any profession will likely say finding a job sucks. However, if you graduate from an ABA school pass the bar and work for as a lawyer for 20+ years then you will likely make a decent chunk of change and more importantly if you wanted to be a lawyer you would have enjoyed your career. There is no guaranteed way to get rich quick, but using common sense you can figure most T14 law school grad are going to make more than Tier 3/4 school grad. This is not always the case, but it is the majority of the time. I attend a tier 4 school and have really enjoyed it and made decent money so far. I also have a huge scholarship so I won't have much debt at graduation, which is awesome. A few of my friends that graduated from my school obtained jobs ranging from 50-100k. There are others who are still looking for a job and others who have not passed the bar yet. Some are really happy with their jobs thus far and others are not. It is really hard to say what will happen, but one thing is for sure if your main concern is money and money alone DO NOT go to law school. It is overpriced and the odds are you will never be a millionaire. However, if you are a person that wants to go into law because you want to be a Public Defender, D.A, or have some issue you want to resolve going to law school can be a great investment of time and money. This is because you cannot be a lawyer without going to law school. (I know there are some very complex ways to get around this, but they are so onerous it is not practical.)
So go to law school if you want to be a lawyer. If you want to make a fortune then I don't want to tell you. If someone knows of a guaranteed and easy way to make 160k let me know I'm sure everyone on this board including myself would like to know.