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It may be a rational response to the recent Western reality for some of the high paying jobs. Electrical engineering, one of the more difficult subjects, gives you a degree where you're qualified to relocate to the Far East. An MD and about 40 years of slave labor will allow you to pay off your school loans. Law degree, possibly never.

Meanwhile, real estate developers, financial hucksters, and religious zealots are able to bring in the bucks.

by asdf on Wed Jan 26th, 2011 at 07:58:46 AM EST
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asdf: Electrical engineering, one of the more difficult subjects, gives you a degree where you're qualified to your job will relocate to the Far East.

(Fixed it for you)

by Bernard on Wed Jan 26th, 2011 at 03:49:56 PM EST
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A lot of factors to take into account there.  Electrical engineering is applicable to a lot of different jobs, as I recall.  Governments are always looking for them, and the pay/benefits are decent.  A lot of private companies had openings for them even when I was job-hunting before the move to DC (when the job market was pretty shitty).

In fact, of the three, I think I might take the electrical engineering degree, given the choice.  No chance of the big payouts down the road, but a lot less chance of financial disaster.

MD -- depends on the field, but, yeah, I agree it's generally not nearly as lucrative as the public perceives it.  But salaries differ enormously by your area of expertise.  You'll probably struggle as a pediatrician, but you'll probably do pretty well as an open-heart surgeon.

Law -- forget it.  It's not worth it anymore.  People bought the idea that a law degree was a ticket to the good life, but unless you're coming out of a prestigious school with a lot of connections to the big boys you're not going to do very well for quite a while.

Real estate is the only one where I'd disagree strongly.  At least in the US, the developers have lost their asses since the bubble burst.  That ship has sailed.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Thu Jan 27th, 2011 at 12:43:32 PM EST
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