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worth going back to school?


KingKolzig
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Let’s assume you will work 49 weeks at 40 hours a week

 

49x40=1960hours at 10.00 current rate =19,600 before taxes

49x40=1960 hours at 19.00 trade rate. =37,240 before taxes

 

Difference in gross wages 37,240-19,600= +17,640 per year

Opportunity cost of going to school but not the cost of schooling 39,200

 

39,200/17,640=~2.28

 

So in roughly 2 years and 4 months the money you make at your new job will be gravy!

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