<p>I doubt the people spewing “advice” like, “don’t think primarily about the financial incentives” “do what you love” “do what you’re passionate about”, most likely is still in college and hasn’t yet been tossed into the real world.</p>
<p>The real world being, car payments, insurance, mortgages, 401k, lay-offs/downsizing, having children, paying off student loans, act of God distasters to your home, health care, health issues, kids/spouse with serious illness, credit, IRA’s, selling a house, ect. Because if you have, then you wouldn’t be spouting stupid advice like, “don’t think about financial incentives.”</p>
<p>It’s one of the most idiotic statements I’ve heard on CC, which is saying alot. </p>
<p>Let me say this, there is nothing wrong and everything right to include the financial incentives into your decision making. It’s called cost-benefit analysis, and anyone who isn’t factoring financial incentives into their decision making model is setting themselves up for failure.</p>
<p>Compmom summarized the current hiring climate pretty well, so do yourself a favor and re-read her posts. Liberal Arts majors DO NOT have leverage in this economy. The cost of business has become so high that companies have significantly cut back on in-house training, which means they expect you to hit the ground running right out of college. If you don’t have a hard skill, how do you expect to do that? How do you expect impress employers? Are you going to tell them that you “communicate” better than anyone else? That your “broad” knowledge qualifies you for a position? Good luck with that.</p>
<p>Unfortunately, a Liberal Arts education will often put you in the situation where the career picks you, rather than you picking the career. That doesn’t mean jobs are going to fall into your lap, it means you’re gonna have to take whatever is offered to you, because you have no control over your career pathway. Liberal Arts offers a “general” education, and that is what jobs will be available - general ones. Instead of you steering your own ship, you’re gonna be at the mercy of a hiring manager taking a chance on you. Is that the position you want to put yourself in? Is that how you want to start your adult life?</p>
<p>Don’t give me that “passionate” crap. 95% of the population don’t have a passion for their work, but they go everyday because they have bills to pay and that’s life. If you are only willingly to do what you are passionate about, you are going to fail in life - period. What you need to find is a nice company that treats it’s employees well, has potential for growth and provides you with transferable skills. </p>
<p>For example, I love wildlife and nature. When i have free time I go hiking and take wildlife photos of birds, bears, deer, you name it. I love it and I’m definitly passionate about it. When I’m out doing that, I’m my most happy and relaxed. I thought about majoring in photography in college, but was that realistic? Not really. Sure, lots of photographer make a fine living, but many many don’t. And the ones who do make a good living are doing graduation photos and wedding albums, not my cup of tea. Simply put, it wasn’t going to prepare me for life and would have put me at a severe disadvantage in the workforce. Sure, I was passionate about it…but it wasn’t practical, it wasn’t the smart move.</p>
<p>I now work as an analyst. Am I passionate about my job? No, not really, but it can be interesting at times and the subject matter involves something that I take seriously (crime, homeland security). I might not be passionate about it, but I’m content. It pays my bills, provides a good life for my family, has job security. Would I rather be a wildlife photographer? Yep. No doubt, but would that be the right decision for my family/life? No way.</p>
<p>Right now, as a college student, financial incentives don’t seem real important. Because, after all…you don’t have much money now and you’re happy, right? Well, things change quickly. Ten years from now financial incentives are going to mean ALOT. It doesn’t matter if you are a selfless person or you live beneath you means. Life still happens, people still get put in a hole. For example, I own a modest home. Over this past winter my retaining wall collapsed under the weight of our heavy snow storms. The wall was really to large to rebuild myself and if I would have, I would have had to rent lots of equipment that would be very costly. So instead, I turned to my insurance company, to whom I’ve never made a claim with before (NEVER). They rejected my claim, stating it was an Act of God. So, by the time my claim was rejected, I had already paid for the wall to be fixed (I gotta get in my garage) - there goes $2,000 out of my pocket.</p>
<p>Of course, that isn’t going to bankrupt me. But I sure don’t have $2,000 that I feel like paying out either. It has nothing to do with being “materialistic”, and everything to do with being smart and practical.</p>
<p>The point I’m trying to make is, FINANCIAL INCENTIVES MATTER. Don’t put yourself at a competitive disadvantage. Financial incentives should really be your #1 factor when making your decisions regarding educations. Ask yourself, will this maximize my earning potential? Am I capable of studying a more intensive subject that will give me access to a higher salary? Am I controlling my career, or am I giving control to the mercy of a hiring manager?</p>