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real estate license or law school?
i'm debating these two avenues. law school is 3 years and will entail student loans, delayed income, etc., but i realize it takes time to make money in real estate, as well. i am a mature adult and have a bachelor's degree in psychology...i've been an insurance agent for 15 years and think it's time to get out. any feedback?
5 Answers
- mailaccount63Lv 71 decade agoFavorite Answer
Neither is a good vocational avenue if employment is your goal.
There are more attorneys than there are legal employment positions. We simply already have way too many Legal Professionals. AND the legal profession is dramatically changing: it is in absolute CRISIS! Job searching in this vocational field has changed >>DRAMATICALLY<< in the last five years. And, every year, more and more people graduate from law school, but there are fewer and fewer jobs. Even the largest and most reputable law firms are experiencing unprecedented cutbacks. I don't expect the situation to improve in the coming years.....
Be aware of what you are proposing on getting yourself into. Please do more research first. Reminder: We are STILL in a World-wide Recession. Obviously, economic conditions affect the number of jobs available. Consider career paths that have available JOBS.<< Even in a Recovery, there are some jobs that just won't return - the field of Law won't make a comeback. Too many things have changed in this vocational field.
Warning> Jobs in the field of Law are drying up fast!! This no longer is a good field to invest time and/or money into. This is a SHRINKING, crumbling, and dying vocational field. Many, many reasons: We now have computers. So, many people today (mistakenly) think they can do their own legal work, thanks to the Internet and legal books. Also, there are a lot of companies out there making very efficient legal software for the field of Law. Today's graduating lawyers tend to be very computer savvy, so they just do the work themselves to save themselves the cost of overhead - they aren't hiring legal staff. Also, the "Public" buys this legal software/law books in order to get legal work done without the expense of an Attorney. Also, we simply already have way too many Legal Professionals - we just have an absolute glut!! ("Legal Professionals" includes, but is not limited to: Attorneys/Lawyers, Paralegals, Legal Assistants, Legal Secretaries, Bailiffs, Court Reporters, etc, etc) For example: Sites like legalzoom.com have taken away work that many small-time attorneys/lawyers would do/used to do.
The field of Law has a mystique that actually exceeds reality. The field of Law is a vastly overrated career - especially by television.<< There are many myths regarding the field of Law.
Law is a more demanding profession than most people realize. It is not like what you see on TV.
Cost of law school to be lawyer, approx $150,000+. Be prepared to take on a LOT of debt, if becoming an attorney is your "true", ultimate goal!!<<< Even after paying the expensive tuition, you still need to pay for books, room and board, and miscellaneous fees.
The legal profession leaves little room for outside interests. Commitment to the law profession tends to produce an unbalanced lifestyle.
Employers (usually law firms) in the field of Law today want employees with degrees from traditional colleges/universities. Those "certificates" you see advertised aren't worth the paper they are printed on - they are generally scams. (>>I found this out the hard way.) Also, the law school's program needs to be accredited by the American Bar Association - if it isn't, you are just wasting your time/money.
Even if you finish law school, you won't be able to find a job when you are done. Since this vocational field is shrinking (at an alarming rate), many new attorneys/lawyers are, themselves, having to work "down" as Paralegals, Legal Assistants, Legal Secretaries, Bailiffs, Court Reporters, etc, etc, to simply try to keep some of their bills paid. And the competition is fierce in TODAY's job market!!
Now... the law schools know this, but they won't tell you the truth >that the job market/economy is just SATURATED with way too many Legal Professionals. Instead the schools will feed you a fairytale and will LIE to you. The root of the problem is we already have too many law schools. We are STILL in a Recession, and the schools are fighting for their own survival - they will tell students anything to get to the students' money. (Which is why they won't tell you the truth about the job market for the field of Law.) And these schools continue to recruit and churn out even more graduates.............Remember>>> law schools are BUSINESSES - their TOP concern is making money for themselves.
>>>>>THE #1 MOST IMPORTANT THING (and I can't stress this enough>>>): You ESPECIALLY have to beware of the BOGUS, INFLATED law school salary/job stats given out by >law schools< (AND by the U.S. Bureau of Labor)!!***<<<<<
If you don't believe me, then:
**do a SEARCH here on Yahoo Answers to see what other posters are saying about the current status of the field of Law. Call some local law firms - ask to speak to the Manager of Human Resources - ask them if they are hiring; ask them what they think about future job availability in the field of Law..................
**Do "informational interviews" with several attorneys from at least two or three different firms. (You can find how to do "informational interviews" from your local Public Library - ask the Librarian.) Interviewing attorneys is a time-efficient and extremely beneficial way of discovering if law is the right vocational field for you. Talk to a few Human Resource Managers who work at employers in the field of Law. Ask them what their opinion is on future job availability for the field of Law. Ask them if they have any current open positions. Ask them how many resumes they receive when they advertise ONE open position. (It is ususally approximately 300 resumes are received for each open position advertised.) If you personally know a practicing lawyer, set up a time with them to do an "informational interview" to ask them about their career. Talk to many attorneys. Better yet, spend an entire day with one of them.
**Talk to recent law graduates. Ask them what success they are having finding employment opportunities. <<<
In the book "So You Want to be a Lawyer?" by Marianne Calabrese and Susanne Calabrese (ISBN 0-88391-136-1): "The United States has more lawyers than any other country in the world. About 38,000 students graduate >each year< from the 200+ law schools in the United States. The competition is very keen for jobs and clients." - Even Associate Justice Antonin Scalia (who served on the U.S. Supreme Court for more than 20 years) says there are too many lawyers. (9/14/2008)
Check out these websites: http://informeddecisionmaking.blogspot.com/
http://calicocat.com/2004/08/law-school-big-lie.ht...
http://abajournal.com/news/triplt_bad_news_for_law...
http://abajournal.com/news/as_rio_tinto_saves_mill...
http://blog.penelopetrunk.com/2009/02/03/dont-try-...
http://lawschoolscam.blogspot.com/
http://dealbook.blogs.nytimes.com/2009/09/02/anoth...
http://media.www.dailyorange.com/media/storage/pap...
http://thirdtierreality.blogspot.com/
http://beingaparalegalsucks.blogspot.com/
(A link to a website does not constitute endorsement.)
If you want a job when you are done with your studies, consider and look into the fields of: >>>Healthcare, Information Technology, Law ENFORCEMENT, environmentalism, emergency planning, accounting, education, entertainment, utilities, home-car-commercial-industrial repairs, vice industries, clergy, and/or debt collection. I spoke to a career counselor from Jobs and Family Services, and HE told me that these areas are where the jobs are, and future job opportunities/availability....and scholarships.
There are MANY issues of working in the vocational field of Law. My answer is an attempt to give you a realistic way of looking at this career, and I have told you things that most will not tell you about the profession - at first. Be careful, do your research, and have your eyes open wide.
Good luck.
(This is based on my current knowledge, information, belief, and life experiences. This was intended as personal opinion, and not intended to be used as legal advice. Please be careful and do your research.<<< You DID ask the question here on Y/A. I am just trying to help you.)
Source(s): life been there - done that have actually worked in the field of Law for twelve years now actually am a CURRENT employee of a law school, so I KNOW and see (too much?!?) don't have time to watch those TV law shows - the couple that I did watch weren't realistic, at all TV glamorizes the field of Law - Reminder: TV is FICTION!!! - do your research first! - the field of Law is actually a lot of paperwork and politics - and law school is VERY expensive, so know what you are getting into wish someone would have warned ME sooner so now I TRY to warn and help others (that actually want to know, will listen and not get defensive) I am simply tired of watching students getting ripped off by law schools so many students have come to me- upset because they could not find employment- I am just trying to warn as many as I can, and trying to fulfill a promise I am answering you in good faith - Anonymous1 decade ago
Law is the type of carrier that you will have to ALWAYS continue studying, updating, learning the new laws, etc. There are an insane amount of lawyers out there and the older we are the hardest it is to succeed in this field. Not to mention that like you said you will be in debt for something you are not sure you will get your money back for those loans + survive.
I would go for the Real Estate or Loan Officer license because your investment is very little if any, most anyone out there can do it, the market is going to stabilize in about a year, and is very rewarding. (You won't have to defend a criminal knowing he/she is guilty) but rather help someone else fulfill a dream.
Good luck!
- 1 decade ago
I know- go to law school and get your real estate license between now and when law school starts. It's not a long class.
Keep in mind that neither one of those offers any guarantee of success OR income. Certainly being a lawyer has a lot more potential for most people- you can be a lawyer for the Feds doing all kinds of things (also your state gov't)
I do know this-- if you do one or both-- do them now. Three years-- those are going to go by no matter what you do- the question is, after three years what title are you going to have behind your name?
Source(s): http://www.makingendsmeet.org/ - jannsodyLv 71 decade ago
People have said on these forums that the job outlook for lawyers isn't supposed to be that great. With real estate, I'm not sure that people are really buying these days either.
For general career info: http://www.bls.gov/oco and can type into search.
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- Anonymous1 decade ago
There are lots of potential hurdles for children in work, many of them law-related, parents and guardians want to be careful about that. There is lots of help from the website in the box below on this topic, they also have help for all peeps who are hunting for work, or who want to change careers.
Source(s): http://wedilt.newjobhunt.info/