I’m feeling a bit lost as I approach my freshman year of college, especially when it comes to choosing a major. My ultimate goal is to achieve generational wealth, even if that seems like a lofty ambition. I’m planning to pursue a career as a nurse (specifically a Certified Registered Nurse Anesthetist), which will require about seven years of education. I anticipate that my salary could reach around $350K to $400K if things go well.
However, when I scroll through Reddit, I often see finance majors earning over $500K with relative ease. As a current high school senior, I’m considering staying in-state and enrolling at George Mason University, a commuter school that would help me save on expenses.
On the flip side, I’ve also been accepted to Penn State, which has a strong reputation for networking opportunities. The downside is that attending Penn State could leave me with approximately $220K in student debt. While I believe that a successful career in finance could help me pay off that debt, I’m torn about which path to take.
One response
It sounds like you’re facing a significant decision, and it’s great that you’re thinking pragmatically about your future! Here are a few things to consider as you weigh your options:
Long-term Goals: Think about what “rich” means to you beyond just the salary. Are you looking for job satisfaction, work-life balance, job stability, or the potential for entrepreneurial endeavors? Nursing, especially as a CRNA, is a respected and well-paying field, but it also comes with its challenges and can be very demanding.
Financial Considerations: While the potential earnings in finance can seem attractive, remember that many finance roles can come with long hours and high stress. You’ll also need to consider the debt you’ll incur at Penn State. Calculate how long it might take to pay off that debt based on different salary scenarios, and how it might impact your lifestyle and financial freedom in the long run.
Networking vs. Education: Penn State does offer excellent networking opportunities, but don’t underestimate George Mason. Local connections can also lead to great opportunities, especially if you take advantage of internships and networking events while you’re there.
Explore Interests: If you’re genuinely interested in both fields, consider taking introductory courses in nursing and finance during your freshman year. This might give you some clarity on which path feels like a better fit for you. You can always pivot your major if you find you’re more passionate about something else.
Consult with Professionals: It might be helpful to reach out to current professionals in both nursing and finance. They can provide insights into the realities of their careers and might help clarify your decision.
Ultimately, ensure you choose a path that aligns with your interests and values, not only financial outcomes. Good luck with your decision-making process!