November 1, 2019
I happen to like what I do. I think my work has social utility, and it pays the bills and leaves me something left over to enjoy some leisure activities.
Would I do it again?
If I were graduating from college today, I’d have to give it considerable thought.
According to this article by U.S. News and World Report, among the 178 ranked J.D. programs in the U.S. News Best Law Schools rankings that disclosed information about the law school debt burdens of their 2017 grads who had student loans, the average law student with loans graduated with debt amounting to $108,100.
Meanwhile, the average private-sector starting salary for 2017 grads of ranked law schools was $88,046, and the average public-sector starting salary for those grads was roughly $54,500.
You do the math.
Of course, it can be expected that those salaries will rise with experience, so the debt isn’t insurmountable. Still, according to one study, 52% of college grads who obtained their bachelor’s degree in either 2007 or 2008 and who received a law-related graduate degree by 2012 believed that their legal education was worth the cost
Res ipsa loquitur.