If you are a new or soon-to-be college student that expects to have a lot of debt come graduation, one important thing to consider is what sort of jobs will allow you to pay off that debt fast. Obviously, you should pursue what you have a passion for to an extent, but college students should look for jobs that will compensate them reasonably well at the same time.
If you have a knack for math, science, or business, a couple of fields that you should consider after college are engineering, and the world of wall-street.
As an engineer, you probably won’t become a billionaire, but if you are a hard worker and contribute to your company’s bottom line, you can easily earn $100,000 to $200,000 per year; this will vary based on what field of engineering you go into and the location of your job. Obviously engineers will be paid more in an area such as San Francisco or Los Angeles, where the cost of living is higher than in other parts of the U.S.
Jobs on wall-street, investment banking, and hedge funds, are a few other areas where you can make ridiculously large amounts of money. I know students that will be graduating from college this year…one has accepted a job offer for an analyst position at an investment bank on Wall Street. He is only 22, but guess how much his starting salary is?
$80,000 base, plus a bonus that could be as high as $80,000, depending on his success. And he’s only 22! Most investment bankers can easily earn $500,000 to $1,000,000+ per year by the time they are thirty.
If you are a good when it comes to crunching numbers, enjoy dealing with people, and are prepared to put in long hours (beginning investment bankers average 80 to 100+ hours of work per week), consider the fields mentioned above as career possibilities after college. Not only will the work likely be exciting, but you will earn loads of money and will be able to pay off your student loans within no time!
Nov 27, 2009
