Do What You Love, The Money Will Follow - Maybe Not
From The Wall Street Journal to Reuters Legal to Politico there are pragmatic analyses of the investment - time, formal degree education, apprenticeships, money, hope - in a career path and the average compensation over the long-term.
These "exposes" are eroding the conventional wisdom: Do what you love and the money will follow. In play also is the job sercurity in a growing number of career paths during these post-normal economic times.
Especially chilling is the profile of careers in journalism presented by Politico.
The master's degree program at Columbia University School of Journalism sucks off nine-and-half months of a life.
The cost is about $121,290. Despite generous financial aid graduates tend to be heavily burdened with student-loan debt.
The average compensation after graduation ranges from $36,000 to $58,000. Moreover, most of the supposed "good" jobs are in pricey metro areas.
The article does not delve deeply into job security. With so much disruption in media, layoffs are to be expected. After the Q2 2022 lose of $54 million, Gannett, which operates 250 newsrooms, laid off about 70. That was as of mid-August. More are expected.
Those cut out for journalism probably consider it a kind of vocation, not a job. However, there is no necessary correlation between that passion and the ability to earn a middle-class living.
On the side, for decades, I have done journalism. Yes, I love it. But I never assessed it as platform for a well-paying career. Exactly for that reason I never took on the sunk costs of an advanced degree in the field. In college, no, I didn't enroll in a journalism course. In my early 30s, I studied the models of effective journalism on-my-own, then parachuted in.
Along my several career paths in executive communications, marcom, and influencing I often did what I didn't love. The money was wonderful.
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