Reply To: Every Menahels Difficult Dillema, the underperforming career rebbi.

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#1317121
Gadolhadorah
Participant

To CT Lawyer:
The starting salaries for all the major NYC firms this year (for 2L offers extended after last year’s summer associate offers were all north of $163K plus bonuses of $15k for those billing 2K hours. First tier investment banks were generally north of $150 for MBAs. You are correct that these are for top firms but those are the options that a first tier yeshiva bochur with a good analytic mind is foregoing by torah study. As you correctly note, these numbers may seem unrealistic and probably irrelevant for most kollel yungerleit going into chinuch but that is a sacrifice they willingly make. The problem of low market valuation for educators is society-wide and not limited to the frum tzibur. We read here on YWN a while back a story about how many NYC sanitation workers are routinely earning over $100,000 year with overtime while teachers are earning barely half that much.