2007-08-27 03:48:30 UTC
My interests lie in computing, management, law and biology. I realize
the aim in life should be to do something about one which is truly
passionate and where monetary compensation is fairly high.
Can someone please advise how can I reach the 6 figure salary right
after college in areas like Binghamton, NY where the cost of living is
I realize I can finish a B.S. in Computer Science in three years at
20, go for a Ph.D which can be done in another 4 years, then start
with a six figure salary as an Assistant Professor earning 100K or
atleast 95K at 24 if I manage to get a tenure track position by
publishing sufficiently in Ph.D. The advantages are job security as I
plan to go for State universities, high salary of 95-100K at 24-25 in
a area where cost of living is reasonable. The same method can be
adopted if I go for a B.S. in Management, then Ph.D in the same field.
Or, just a B.S. in Management, working for three years for a reputed
company, then a Management degree from the top 10 campuses can make me
eligible for the 100K range at 25.
Getting a general B.S. degree, then a law degree from a good college
can lead me to 100K mark after finishing college.
Some have advised me, I could take the pre-req classes for medicine,
take the MCAT, go to medical college for a surgeon degree at about 19
which hopefully can be done by the time I am 26. Then, I could start
at 100-125K in areas like Binghamton working for a hospital.
Going for a Nursing degree(B.S.+M.S), then become a certified nursing
anesthetistic could enable me to start with 125K or so in an area like
Binghamton at the age of 25, if we consider I finish B.S.+ M.S at same
campus by 22, work for two years and then obtain the certificate. The
advantage is in this field stress seems to be less(40-50hrs/week) as
compared to other fields(70-80hrs/week) which start with a six figure
Clearly, starting one's own business, entering politics, starting a
real estate business etc. are far more lucrative and can enable one to
reach a 7 figure income before he turns 30 assuming he knows proper
people and works correctly, but I want to reach the 6 figure mark in
middle twenties in a relatively stable way and starting one's business
seems to suggest lot of folks achieve the six figure mark and some
don't have a college degree, work as a truck driver, store manager for
a store like Walmart, Home Depot etc. Others are certified nurses
anesthetists, cops, etc. working for State/Fedetal/local govt.
clearing six figures at twenties or in the early thirties. Some are
valet managers and folks seem to suggest 150K is too less at
31(though, it is debatable and depends on person's location etc.) Some
reached the six figure mark with a High School diploma and some
experience at 26.
I am aware that only 10% of folks reach the six figure mark in U.S.
according to general reports, but considering that only 30% of the
population have a B.S. or above, it seems 1/3rd of the folks in our
country who have a degree earn in six figures and average household
income seems about 200K in an area like Binghamton for a family in
twenties having both members of family working, excluding other part
time jobs people do(blogging, selling items on ebay, creating sites
but looking at the thread it seems people without a degree can also
make it. Obviously, people having their own businesses have 7 figure
revenues if it pans out well, which are not considered in calculating
the average salary, as it is a business revenue, rather than
salary(sort of fixed income).
As this group has lot of folks who are experienced about many aspects
of life, how to be frugal in life I would sincerely appreciate any
I have talked to my high school advisor and was advised most folks in
today's age with a proper
degree(medicine,law,nursing,sciences,IT,pharmacy etc.) reach the six
figure mark before they turn 30 and I should aim for that if I am
indeed interested in those fields.
I hope I am not considered a mercenary. I was just trying to weigh my
options, to ensure I don't get into debt at a low salary.
Thanks a lot.