I'm not saying money is everything, but money is a factor esp. if you don't have any - otherwise what's the point of working? Would anybody wake up 7am everday and work for 8 hrs/day for 365 days if they don't get paid? Also, money has to be a factor b/c we're investing 100k in something that is supposed to benefit us. If the main reason people go to law school is b/c they like the law, can't they simply sit at the beach and bust out a casebook and read as leisure all they want? You don't see people becoming car mechanics just b/c they "like" cars. I guess I'm just trying to find a more compelling reason that law school is worth the 3 yrs and there are more benefits than the 55k-60k a college grad can also get. Sometimes, I see my friends (23-24 yr olds) moving on with their lives already b/c they're making $$ after college and now close to being able to by a house. Whereas, I need another 3-4 years just to pay off loans? I'll be in mid-30s b4 i can buy a house for my mom. 20 years ago, if you're a lawyer, you make more than most people. But today, it's not the same anymore - the benefit isn't as great. Society puts more emphasis on business, the big corps, finance, stock market. There's got be an advantage for attending school for 1/3 of our lives.
Lawyers still make more money than most people, and still make more money than the average college graduate their 1st year out. You might not realize it, but there has always been potential for a lot of money in finance, stocks, and big business. However, there are very few who come straight out of college making big money.
Your job comparison is comparing apples to oranges. You are comparing the finance jobs in the highest 1% of starting salaries with the average law starting salary. To really compare apples to apples you either need to look at the average finance job or the top paying law job.
Average Starting Salary: Finance/Accounting: $36-40K; Law: $60-65K
Top End Starting Salary: Finance/Accounting: about $85-90K; Law: about $125K
There aren't very many of these dream/top end salary positions in either field (or any field for that matter). If you haven't graduated from college yet and really expect your $55-60K jobs to just fall at your feet you are in for a rude awakening. If you already have those type offers - good for you, and if you aren't convinced the law is for you you should definitely take the pay of these positions into consideration.