LawyersKey - Lawyers Key » LawyersKey » Corporate Lawyer » Does a marine make more money than a corporate lawyer in the long run?

  #1 (permalink)
: My friend who is about to enlist in the marine is arguing to me about why i should join the marine instead of doing law. He says that with all his benefits + his income he will make more money than me, who wants to be a corporate lawyer making $100k. He says that he will retire by 38 and will have money to relax and enjoy his time, while i will be working and working. I know this question seems ridiculous but can someone please tell me does being a marine really have that good of benefits that they pay your car loans/mortgage/health insurance and other benefits?

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  #2 (permalink)
: Your friend is LYING to you big time. Corporate lawyers have benefits as well, some better than military. And their pay is better. Oh yeah, and a corporate lawyer doesn't have to worry about getting killed in combat. Just stating the hard facts.
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  #3 (permalink)
: Depends how he works it.

Assume he goes into the Marines now, and gets his Bachelors degree while he's in the service. Then he gets out after five years and uses his GI Bill to pay for law school. Eight years from now he'll have a law degree and zero student debt. Meanwhile, you go straight from High School to College, then to law school. You'll have your law degree a year before him, but you'll have a mountain of student debt to pay off.

The question then will be whether your extra year of working as a lawyer over your whole career, starting with all that debt, is worth more than his starting a year later but debt-free, plus his being a far more desirable candidate for the good law firm jobs because he's a vet. My answer is he's going to lots better off over his lifetime.

On the other hand, if he goes in and spends 20 years as a rifleman, then your lifetime earnings will be way more than his.

'libraryanna' is wrong. Even in war zone postings the ability to get your college education is still there. My older son did the first two years of his Bachelors at UC Davis while serving at Travis AFB, and then simply transferred to online classes through UAF/UP when he was transferred to Afghanistan. What a lot of civilians don't realize about combat postings is how many hours and hours of boredom they entail - perfect to fill up with study. He then got his MBA in medical administration after returning Stateside, and owes not one red cent in student loans. After getting his MBA he stepped straight into a very highly paid job running a district for a medical waste handling company - and still gets an Air National Guard paycheck for running a clinic at an AF hospital.

I will not, by the way, disagree with her over the plight of many disabled vets. The way the government - especially the current administration - treats them is disgusting.

MOS 4402
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  #4 (permalink)
: No, your friend doesn't know what they are talking about. Plus, lawyers rarely have their lives at risk. Attorneys can retire at 38 and live a good life as well, even better.

They also don't have to deal with memories of war, injuries from the physical work, being constantly told what to do, physical and mental war injuries, etc.

He's rather naive. He needs to find out what a solider makes while they are soldiering. It's pretty pathetic. Most starting soliders families have to get food stamps and other help because they pay is so low.

They might get health care, but usually they have to pay premiums. They don't get the mortgage paid for. They get a low rate on a mortgage. No deals on cars that I know of.

I think he has been feed the usual BS that recruiters tend to spew.

Ric is making the mistaken assumption that you can go to college while serving, ignoring the fact that most miss out on their education because they are at war or serving some place where they can't do their education.
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  #5 (permalink)
: Lawyers rarely retire at 38 unless they were making some high price salaries from high profile cases. Lawyers are threatened every day by people who feel they didn't do a good enough job defending them and judges are in the same boat. The stress to win must be incredible and the big bucks are only for those high profile lawyers, most don't always get paid by the client who are too poor, or just skip out on them. Some do family court and bankruptcy and there isn't a lot of money in those cases either.
Being in the military has its pros and cons, at first you are E-1 and that through E-4 the salary is just enough to barely survive, if you live in the barracks and have no family to take care of , it gets better at E-5 but the retirement benefits are eroding faster than a Congressional vote. They keep taking benefits away from the military there is hardly anything left now but school and medical benefits IF you stay in for 20 plus years like my guy did. in the military you do travel a lot and you see new and different places. I have a friend in the Coast Guard that has been all over the world and she has only been in 4 years!!! she loves it
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  #6 (permalink)
: divorced widowed thing j pen pencil book m copybook notebook note y dictionary letter envelope ! paper newspaper magazine 1 (tele)phone clock comb
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