Many law school graduates leave school with debts well into 6 figures. With such large debts, it’s important that law graduates make big bucks in their first job. Which law schools offer the highest average pay for graduates, with the lowest amount of debt? In other words which law schools offer the best income to debt ratio for their graduates, the best return on their investment? This chart helps to answer that question (click to enlarge):
The average starting median salary for these schools is $141,950 with the average debt being $98, 551. More here and here.
1 comment
Those median salaries are very misleading. The lawyer salary distribution is bimodal. If you’re not among the 10-20% (less now with the horrible economy) who make the large $160,000 salaries, you’re likely making in the $20-45,000 range. Law doesn’t pay well if you don’t get a BigLaw job right out of law school.
The legal industry is shrinking and if you’re a smart young person, you’d be well-advised to choose a different career path.