Finance hiring is down, law school grads are having a tough time finding real law jobs, so what is an ambitious but risk averse college student to do with his or her life these days? Okay, right now the answer is computer science. Yes seriously, do computer science. But let’s pretend it is the year 2001 and the only other option respectable option is medical school. But doesn’t med school take a lot of time (4 years school plus 3-7 years residency/fellowship) and cost a lot of money? How can we figure out if going to med school and not earning doctor money until 7 years from now is worth it financially relative to just entering the workforce and working for those 7 years? Continue reading “Is medical school “worth it”? An introduction to Internal Rate of Return (“IRR”)”
In honor of Women’s History Month in March, check out our poll below: what percentage of the work force consisted of women in 1948? Keep in mind that just 28 years prior to 1948, women were first granted the right to vote. How have employment patterns by gender changed over time? Let’s use our spreadsheet problem solving skills to figure this out!