Not enough people think about their careers from a ROI perspective.
Most jobs require a degree, despite its utility being damn near useless. But those that don’t, still require some level of accreditation, and this is where things get interesting.
How much do you need to spend for certain courses and exams, in exchange for a job that pays for itself?
Obviously, every job will pay for itself eventually. And since everyone will have a varying career in terms of duration, intensity and location, it’s better to track the breakeven point, as opposed to the overall ROI.
Here are some examples:
Security Officer
Cost: ~$100
Breakeven Point: 6 hours
Mortgage Loan Originator
Cost: ~$600
Breakeven Point: 15 hours
Tow Truck Driver
Cost: ~$600
Breakeven Point: 30 hours
Bartender
Cost: ~$750
Breakeven Point: 30 hours
Blackjack Dealer
Cost: ~$1,000
Breakeven Point: 60 hours
Window Tinter
Cost: ~$2,000
Breakeven Point: 80 hours
Locksmith
Cost: ~$2,500
Breakeven Point: 80 hours
Truck Driver
Cost: ~$4,500
Breakeven Point: 100 hours
Tattoo Artist
Cost: ~$10,000
Breakeven Point: 100 hours
Barber
Cost: ~$15,000
Breakeven Point: 100 hours
Car Wrapper
Cost: ~$1,000
Breakeven Point: 300 hours
Not all jobs are created equal. Putting passion and interests aside, some careers are a better option than others. There’s also the question of skill development, growth opportunities, as well as the chance of entrepreneurial ventures.
Choose yours with care.