<p>I'm studying commerce and economics at the University of Virginia. Until recently, I was set on working in finance. The salaries/bonuses some Wall Street executives have earned was probably my main reason for choosing that path. Now, I'm contemplating law. Reasons:
-The Goal. I want to eventually make about 500k, and I think one can achieve that in a top law firm.
-Hours. Top-tier law firm employees have 60, maybe 70 hour work weeks, which is far better the potential 80-90 hour work week top-tier banking firm employees have.
-Competition. Law is competitive, but I get the sense that top-tier financial positions are even more so. I feel I have a stronger chance of achieving my goal salary in law.
-Stability. I would like to eventually start a family, and the frequency of layoffs as well as the hours you get in finance don't lend themselves well to that end.</p>
<p>What I'm good at: Numbers, economics, history, debating.</p>
<p>Questions:
-How hard would it be for me to switch career paths? Could I keep the same majors I'm currently pursuing?
-Do I have to become a partner to make 500k at a top-tier law firm? Specifically, do I have to become an equity partner, or can I become a non-equity partner or maybe a senior associate?
-What's the time frame for achieving that salary in either field, assuming I perform well?
-Which field would require more work to achieve my stated salary goal?</p>