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re: Jobs that you can realistically expect to earn $300k+ a year
Posted on 12/16/23 at 6:56 pm to Puffoluffagus
Posted on 12/16/23 at 6:56 pm to Puffoluffagus
Tattoo Artists (I’m serious)
Posted on 12/17/23 at 12:35 pm to AllbyMyRelf
quote:
You realize that the starting salary for an associate attorney in big law is $215k right? By their 5th year, they’re making over $300k—as employees. Sure, the partners are making way more, but there aren’t a ton of solo practitioner-be-your-own-boss attorneys who have the upward income mobility as a big law associate.
Sure, big law. How many attorney’s going into that though? Less than 5%? I’d guess less than 5% of doctors make under $200k and I’d bet less than 10% of law grads make more than $200k.
Again, if you are smart enough and driven to be a big law lawyer or a good doctor this conversation is pointless.
This post was edited on 12/17/23 at 12:36 pm
Posted on 12/17/23 at 1:55 pm to baldona
quote:
make under $200k and I’d bet less than 10% of law grads make more than $200k.
I’m not a lawyer, but from talking to friends I would guess that if you counted the peak of the career that the number of lawyers that surpass 200k would be way higher than 10%. Now if we are talking starting out then sure it would be. But peak would likely be way more.
Posted on 12/17/23 at 8:11 pm to baldona
quote:
I’d bet less than 10% of law grads make more than $200k.
Firstly, this is wildly wrong. But secondly, if it was right it would bolster my point. The guy said the only way to make good money as a lawyer was to be your own boss. My point was that the best way to make good money as a lawyer was to be an employee. Opening your own firm is very difficult.
Posted on 12/18/23 at 6:45 am to AllbyMyRelf
The wealthiest lawyers I know own their own practices. Big law is also a soul suck and you're normally living in VHCOL areas, so that $220k goes very quickly when you factor in federal taxes, state taxes, and cost of living. Basically the equivalent of a lawyer in a small town making 90k/year.
I own a firm and now have it to where I'm consistently clearing 400k+. I'm also an idiot, so if I can do it, anyone can.
I'd say the top 15 to 20% make 200k/yr. But being a lawyer is definitely not the easy track to making a lot of money.
I own a firm and now have it to where I'm consistently clearing 400k+. I'm also an idiot, so if I can do it, anyone can.
I'd say the top 15 to 20% make 200k/yr. But being a lawyer is definitely not the easy track to making a lot of money.
This post was edited on 12/18/23 at 6:46 am
Posted on 12/18/23 at 8:15 am to TheOcean
That $220k is starting out. That’s awesome about your firm, but I doubt very much that anyone can do that.
Big law is a ton of work, but the small firm partners/ solo practitioners I know work just as much as big law attorneys do
Big law is a ton of work, but the small firm partners/ solo practitioners I know work just as much as big law attorneys do
Posted on 12/18/23 at 8:31 am to GeauxTigers123
quote:
And top 1% net worth is something like $10 million in the US.
This seems low. I get 1% of the population is 3.3M people, but I can’t wrap my head around this being “only” $10M
Posted on 12/18/23 at 10:48 am to frankthetank
B4 advisory can make that with 10-15 years of experience.
Posted on 12/18/23 at 10:52 am to AllbyMyRelf
quote:
Firstly, this is wildly wrong. But secondly, if it was right it would bolster my point. The guy said the only way to make good money as a lawyer was to be your own boss. My point was that the best way to make good money as a lawyer was to be an employee. Opening your own firm is very difficult.
I said law school graduates, not lawyers. I know a ton of law school grads that aren't necessarily lawyers. That's part of where it was coming from. I know teachers, quite a few professors of something other than law, government workers, etc. There's a lot of crappy law schools that are allowing people through that frankly may not ever even pass the bar. District attorneys for the most part aren't making $200k.
Here's US News, and that's Lawyer. I'd assume there's way more law school graduates that do worse than the ones that do better in jobs outside of being a lawyer.
"How Much Does a Lawyer Make?
Lawyers made a median salary of $127,990 in 2021. The best-paid 25% made $194,580 that year, while the lowest-paid 25% made $81,620."
US NEWS Lawyer Pay
Posted on 12/18/23 at 4:11 pm to baldona
I don’t think we really disagree in substance. I never meant to say it was easy to make a ton of money as a lawyer.
Posted on 12/19/23 at 8:28 am to tigerpawl
quote:
Tattoo Artists (I’m serious)
I’m glad you said this. I was curious what a small business opportunity would look like if I got a space and hired an artist to take up his craft in said space, if there would be money to be made in that sort of enterprise.
Thoughts appreciated.
Inb4: tats are trashy.
Posted on 12/19/23 at 8:42 pm to Honest Tune
The more you make, the more the family spends ![](https://images.tigerdroppings.com/Images/Icons/Iconbanghead.gif)
![](https://images.tigerdroppings.com/Images/Icons/Iconbanghead.gif)
Posted on 12/20/23 at 6:23 am to AllbyMyRelf
quote:
I don’t think we really disagree in substance. I never meant to say it was easy to make a ton of money as a lawyer.
Oh for sure, we are mostly agreeing.
There’s not an ‘easy’ way ever to make $300k. There’s just not. Like I keep saying if you have the brain power and drive to do it and be something like an MD or big law lawyer it can be close to ‘guaranteed’ to make that but that doesn’t mean your path to get there was easy and furthermore didn’t require a lot of work. We are talking many many many 65+ hour work weeks for both of those and for many business owners, tech workers, etc. especially early in their careers to hit that by age 40.
This post was edited on 12/20/23 at 6:24 am
Posted on 12/20/23 at 11:04 am to baldona
The majority of this newer generation are too soft to put in the work needed to pull in 300k. They all want 100k and 100% remote gigs right out of college which is laughable. Or think they can make it a streamer or TikToker ![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
This post was edited on 12/20/23 at 11:05 am
Posted on 12/20/23 at 1:23 pm to tigerbacon
Is this a troll or are you actually serious? ![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
I know NP's that make $120k+
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
quote:
And most doctors make around 100k which include pediatricians, er doctors, GP
I know NP's that make $120k+
quote:Maybe when they first graduate law school and get their first job while trying to save for a house or paying off student loans
Most lawyers are broke and living pay check to paycheck
Posted on 12/20/23 at 7:59 pm to Tiger Prawn
(no message)
This post was edited on 12/20/23 at 8:41 pm
Posted on 12/21/23 at 7:02 am to frankthetank
Hospital administrators. I remember a story a few years back about some bayou area hospitals and of the top 2 hospitals in the area both were pulling above 500k and close to 750k. Now the bigger the hospital systems the higher the pay, I would imagine some Oschner folks pulling 7 figures if not more.
Superintendent of schools pays well now, some making close to 300k a year. I can remember when this position was under 100k a year.
Let us also not forget being a Mississippi River Pilot, although trying to become one can be a long laborious task unless you have a family member steer you in the right direction and career path and eventually helping you get into the association.
Superintendent of schools pays well now, some making close to 300k a year. I can remember when this position was under 100k a year.
Let us also not forget being a Mississippi River Pilot, although trying to become one can be a long laborious task unless you have a family member steer you in the right direction and career path and eventually helping you get into the association.
This post was edited on 12/21/23 at 8:36 am
Posted on 12/26/23 at 12:32 am to slackster
quote:
Financial advisors. Insurance agents, particularly the Farm Bureau or State Farm types.
I’m a health insurance agent. I’m at $250k right now and in about 2-3 years I should be able to hit $300K. I really feel blessed. It’s a great industry, but getting started is really tough; it’s usually commission only, and so it takes a while to build up a client base, which pays renewal commissions monthly. I was lucky that I was in the right place at the right time. Back in 2000, An insurance company pulled out of the area and thousands lost their insurance at the same time. I was able to quickly build up a client base and I’ve just added to it since then. And there’s very little overhead; you need a phone, a computer, a car. And if I stay healthy, it’s a job I can do as long as I want.
Posted on 12/26/23 at 7:25 am to frankthetank
quote:
Beyond doctors, some lawyers, and IT in California, who else is earning this much?
Alright OP. Been waiting for the thread to get to about 10 pages to avoid the naysayers. But, here’s the answer you’re looking for.
Get a finance degree from LSU and move to Dallas or Houston to get a job in IB. You get paid a NY wage in Texas.
Analysts 1-3 years out of school will make 150-300. Associates 4-6 years out of school will make 300-450. VPs out of school 6-9 years will make 450-600…still less than 30 years old. And so on. Managing Directors easily clear 7 figures at less than 40 years old. And all of this without a graduate school degree or student debt.
Law firms will get you there too, but, with way more schooling and debt.
Now, you’re going to have to work your arse off…especially early in your career. People say and hear 80-100 hrs a week but don’t do the math. That is working to 2-3am and getting back to office at 9:30am…every day…for several years.
But, it will get you there.
Posted on 12/26/23 at 7:57 am to KwoodTiger
quote:
Get a finance degree from LSU and move to Dallas or Houston to get a job in IB.
How easy is it to do IB out of LSU? Is that really a target school?
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