Financial Impact of Career Decisions

Alice Reynolds and Tricia Bostwick, both freshman and friends at a major university, are interested in going into a health sciences career. While they're not just interested in the money they can make, they do want to have a sense of the compensation in different health sciences careers. What do the data in Exhibit 1.13 tell Alice and Tricia?

Exhibit 1.13

Career	Average Annual Salary ($)
Accountants and auditors	73,760
Architects and engineers	81,520
Computer programmer	82,690
Family and general practice physicians	186,320
Financial analyst	92,250
Human resources manager	114,140
Lawyer	133,470
Paralegal	51,840
Pharmacist	118,470
Police officer	59,530
Psychiatrist	182,700
Registered nurse	69,790
Teacher, elementary school	56,830

Source: Occupational Employment and Wages - May 2014, News Release, March 25, 2015, Table 1, U.S. Department of Labor, Bureau of La