Why is this so shocking? Not every lawyer is rich. I know two attorneys who have made under $40,000 working on personal injury cases in their first year after passing the bar. (Granted, they don't practice in New York; one lives in St. Paul and the other in Houston) For some people, life immediately following graduation is not the cash cow we all expect when we matriculate. Yes, these people still use one credit card to pay for another.I'm not saying any of you will end up this way.
"just plain dumb"LOLOLOLYes. All this education is just so "stupid".
I don't think people who go to T4 schools are "stupid," but I would say that they probably aren't doing enough research into their 100k+ investment. Lots of law schools advertise an average starting salary for graduates of 80k or more, and candidates who don't look into those figures and see that the top 10% heavily skews those numbers are in for a nasty surprise once they start looking for jobs. I would also imagine that if you aren't doing your homework going in, you also aren't going to be one of the people who does well enough in your classes to get a job paying market (though I'm not as sure about that).Law schools are guilty here as well. A lot of high paid administrators/professors rely on the myth that "all lawyers make a lot of money" for their own livelihood.
Quote from: Dwigt on November 25, 2008, 10:42:06 AMI don't think people who go to T4 schools are "stupid," but I would say that they probably aren't doing enough research into their 100k+ investment. Lots of law schools advertise an average starting salary for graduates of 80k or more, and candidates who don't look into those figures and see that the top 10% heavily skews those numbers are in for a nasty surprise once they start looking for jobs. I would also imagine that if you aren't doing your homework going in, you also aren't going to be one of the people who does well enough in your classes to get a job paying market (though I'm not as sure about that).Law schools are guilty here as well. A lot of high paid administrators/professors rely on the myth that "all lawyers make a lot of money" for their own livelihood. Agreed. The ABA really needs to regulate law schools the way the AMA regulates medical schools and the number of doctors being churned out each year.