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Friday, March 20, 2009

Law School Salaries: Is the Increase Worthwhile?

Lawyers make up one of the highest paying professions available. Their investment of time and money, though, is part of what allows them to command such high salaries, so let's talk for a minute about the salary increase for lawyers and the commitment required.

Three Years

After finishing your undergraduate degree, you will have three more years of full-time schooling before you can become a lawyer. The requirement of time and commitment is great, and many people find that it is simply too much. Before applying to law school be sure that you are truly interested enough in the law to invest this kind of time and effort.

Shadow

Before you officially start law school, shadow several lawyers. Once you start school, you will have a lot of choices about what type of lawyer you will become. It's best if you can actually shadow a few people before making such a huge commitment of time and money. Check out the profession and see if it's something you can actually see yourself doing for many years in the future, or at least long enough to pay off your student loans.

How Big Is the Increase?

Lawyers can make anywhere from $80,000 a year to well over $200,000 a year depending on the type of lawyer, their experience, and the geographical location. The increase is certainly significant, especially if you eventually own your own practice. Just remember that the increase is partly so large because this is a high stress job. Make sure you can take it before you begin law school.

Before Signing Up

Before applying and paying for a law program, consider the following:

Can you commit to three more years?

Have you shadowed a lawyer?

Can you handle the stress of the job?

Is the salary increase worth all that work?

When you've answered all the questions, then you'll be ready to decide whether or not a law program is right for you and your family.

Catherine Zandueta is a frequent contributor to CareersandEducation.com. Catherine Zandueta is a feature writer that covers topics relating to MBA Programs and online colleges.

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