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You will decide what your future holds and compare 2 paths that interest you. Find a career path that you think you may want to
You will decide what your future holds and compare 2 paths that interest you. Find a career path that you think you may want to take and compare it to another that is different. The two paths should be different enough that they require different levels of education/training. You do not have to go to college You can compare just a Bachelor's degree with a Master's or PhD After you have determined the career path and required education level, decide where you want to go to school. Use today's tuition rates. Estimate that tuitions will rise at 8% per year (the current US average). . Figure the conservative estimates of 4 years for a Bachelor's degree 2 more for a Master's 4 more for a PhD Then look at the data and career path that you will take. Figure an entry level position to start and look at the progression to the next level. You can use the OOH website for wages and typical experience/qualifications Job postings are a good resource as well Think about which job titles you would take, promotions, additional education required, etc. Assume wage rates in a given position will grow 4% on average year over year Let's pick a mid career target age of 45 Assume that you can invest and earn an average annual return of 7.5% (the average stock return over the last century) Compare the present value of the 2 choices Write a short evaluation (1-2 paragraphs) that makes a career selection and justifies this choice You will decide what your future holds and compare 2 paths that interest you. Find a career path that you think you may want to take and compare it to another that is different. The two paths should be different enough that they require different levels of education/training. You do not have to go to college You can compare just a Bachelor's degree with a Master's or PhD After you have determined the career path and required education level, decide where you want to go to school. Use today's tuition rates. Estimate that tuitions will rise at 8% per year (the current US average). . Figure the conservative estimates of 4 years for a Bachelor's degree 2 more for a Master's 4 more for a PhD Then look at the data and career path that you will take. Figure an entry level position to start and look at the progression to the next level. You can use the OOH website for wages and typical experience/qualifications Job postings are a good resource as well Think about which job titles you would take, promotions, additional education required, etc. Assume wage rates in a given position will grow 4% on average year over year Let's pick a mid career target age of 45 Assume that you can invest and earn an average annual return of 7.5% (the average stock return over the last century) Compare the present value of the 2 choices Write a short evaluation (1-2 paragraphs) that makes a career selection and justifies this choice
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