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re: The Decision To Return For BSME At 30
Posted on 9/29/20 at 12:56 pm to Power-Dome
Posted on 9/29/20 at 12:56 pm to Power-Dome
Don’t misinterpret the number of hours though, 3 classes for 9 hours a semester. I’m just wondering if it would be worth the headache in my 30’s for the payoff (benefits, salary, etc) when my boy is about 10. Give me Your honest opinions.
2
Posted on 9/29/20 at 1:08 pm to Booskee
I imagine you might work for a contractor right now, and if not, are you currently union represented? Others have mentioned CWI, but you would still be missing out on some benefits provided by a major chem/oil producer corporation if you were able to get on as staff. I’m currently an engineer in a plant, and the big company gives us great benefits that I know the contractors would have a hard time matching. Your millwright experience will payoff big time if you got into maintenance supervision, or maintenance planning, both of which should be staff positions with all the bells and whistles.
Posted on 9/29/20 at 1:10 pm to Booskee
It'll take you 6 or 7 years with that class load. Plus, you'll be paying $7k per year, which will cost you close to $40-50k in total.
Your salary point will likely start in the $70-100k range, but that is before taxes. After tax, that's like $40-60k total. And you still have to pay your student loans off. So, take the after tax differential versus your current pay, divide it by the tuition costs, and you'll have how many years until you break even..... which will be in addition to the 6 years of school.
Probably looking at 40-45 years old before you come out ahead.
Not to mention all of the time that'll be spent on studying and homework.
For your kid, 0-10 years old is the best years for a parent. You'll miss out on alot of that too.
Your salary point will likely start in the $70-100k range, but that is before taxes. After tax, that's like $40-60k total. And you still have to pay your student loans off. So, take the after tax differential versus your current pay, divide it by the tuition costs, and you'll have how many years until you break even..... which will be in addition to the 6 years of school.
Probably looking at 40-45 years old before you come out ahead.
Not to mention all of the time that'll be spent on studying and homework.
For your kid, 0-10 years old is the best years for a parent. You'll miss out on alot of that too.
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