BiglawAssociate wrote:wsag826 wrote:If money is all you are concerned about...and all you will ever be concerned about...you might as well quit while you are ahead. Stop making payments on everything, close all of your bank accounts, and go rogue in some cabin in Wyoming and hide all of your money in your mattress.
I mean, seriously...some of these issues seem like personal problems. Your hours are too long? You're bummed by the COL in Manhattan? You hate your job as a lawyer?
None of these scenarios are valid reasons to suggest that someone, under no circumstances, should incur big debt to pursue the career of their dreams. Some of you who chase dollars literally seem like miserable people, who seem not to like any part of the profession of law but merely have done it for the dollar signs and thus cannot see anything else. But that is your prerogative. In any case, it validates the crux of my earlier argument: basing your entire decision to pursue law on the cost of attendance has got to be one of the biggest mistakes you can make. You can spend decades of your life rationalizing how much money you saved or how you beat "Boomer mentality" by refusing YHS at sticker or how you ended up exactly where you wanted to be or how you would've gone to H had you not gone to NYU. But all of these things are merely little tidbits of your life that do not make a person happy or proud of their career and accomplishments. If you feel you only need a Pepperdine degree to be the kind of lawyer you want to be, so be it. Or if you feel that all you need is a Duke degree to do well, so be it. But if you are staring down a YHS offer at sticker that you want...and rationalizing picking another school because it's cheaper...then all you are doing is robbing yourself of what you really want. And what you really want is not some kind of poison or death trap. It's a degree from a T3 law school, one of the most coveted things in the world.
I don't think you get it - the only thing that really matters in the real world (besides health and family) is money. Money buys you freedom, health (work less/sleep more), and happiness (do whatever you want when you want). Nobody gives a crap where you went for school outside of mainly just your first job and nobody you work with will ask you where you went to law school. People in biglaw don't talk about that kind of shit. A "degree" means jack shit in the real world without money backing it up. Money is practical; the "prestige" of your degree is just bullshit.
Also if you failed to realize - the only people willing to pay sticker at any law school are people who have never worked biglaw (and/or rich kids). I guarantee you'll change your tone in 4 years when you are working biglaw and wish you took the money. I frankly don't give a crap about what poors like you do who are too wrapped up in prestige to realize it doesn't matter, but stop giving bad advice to others. If you want to be poor for the next 10+ years of your life, stuck in a shitty job, be my guest, but don't give bad advice. I mean honestly, do you think you'll be the rare butterfly that "loves" the practice of law? Newsflash: The only people I know who enjoy practicing law are trust fund kids with no loans and can leave their job at any time (and as you might have figured, they aren't in biglaw but in jobs like public interest that pay shit, but they don't have to worry about money ever). (Most jobs in the legal profession are frankly shit.) The trust fund lawyers I know don't have the pressure of paying bills. If you have lots of money, you will likely live a much more stress free, happier life and then you can do whatever job you want.
Although hyperbolic, i think this post is pretty spot-on.. How else are hiring attorney supposed to evaluate candidates for their first job? To pay that much extra money to have a sliver of a chance at being a congressman or some unicorn job means you are either already rich or incredibly naive. After the first job, interpersonal/business skills and actual lawyering skills are way more important than lay prestige.
That goes for pretty much every industry. The more prestigious the degree, the more initial opportunities you have. I would value the extra HYS prestige at 50k tops, compared to Columbia full-ride.
But everyone of course would have to decide how much that extra prestige is worth. For a guy who dreams of being POTUS every night, maybe it's worth 300k.