T14_Scholly wrote:The most important criterion in deciding one's graduate course of study and subsequent career path is how quickly one will be able to make large amounts of money. That's what my high school guidance counselor told me, anyway.
That's actually not very far off--but the ability to make large amounts of money is dictated by the individual, not the path.
Based on my experience, a masters degree in a technical field (engineering, most sciences) will get you a 0-$15k salary boost during your first out of school, depending on your negotiating skills. After that, it doesn't really matter. A PhD can get you more, but not a whole lot more, unless you're a leader in your field.
A law degree is a different beast altogether, predominately (IMO), due to the diversity of the law graduates' prior experience.
Getting the job/salary you want has a lot to do with how you market yourself to prospective employers, and someone with a BA in philosophy with zero work experience is going to have a hard time convincing any employer that they are a more promising candidate than the person with a BS in mechanical engineering that worked projects for a major industrial corporation.
A law degree guarantees success for no one. It's up to you to leverage your experience to ensure success.