Legal Studies Degree from Drake University Return on Investment
See what the return on investment is for jobs that someone with a Legal Studies degree from Drake University is likely to work in.
Top job projections for graduates in legal studies from drake university
Paralegals and legal assistants
Projection Rating: D+
Median Annual Wage: $60,970
Percentage of Paycheck to Repay: 30.51%-22.70%
Employment Change: 4.3%
Entry-Level Education: Associate's degree
When considering a Legal Studies degree from Drake University, one of the key factors to evaluate is the return on investment (ROI). A Legal Studies degree can open doors to a variety of career paths, including law, compliance, public policy, and more. Below, we explore the multiple dimensions of ROI associated with obtaining this degree.
1. Career Opportunities: Graduates with a Legal Studies degree from Drake University are well-prepared for diverse roles in the legal field. This degree equips students with critical thinking, analytical skills, and a strong understanding of legal principles, making them attractive candidates to employers. Graduates often find positions in law firms, corporate legal departments, government agencies, and nonprofit organizations.
2. Earning Potential: The financial benefits of a Legal Studies degree are significant. According to industry statistics, professionals in legal fields tend to earn competitive salaries. Entry-level positions may start at a respectable rate, while experienced professionals can see salaries well into the six figures, especially if they pursue further education, such as law school.
3. Networking Opportunities: Drake University offers an extensive alumni network and connections within the legal community. Engaging with faculty members and attending events can lead to valuable internships and job placements, enhancing the overall ROI of your degree.
4. Skill Development: In addition to legal knowledge, students develop essential soft skills such as communication, negotiation, and problem-solving. These skills are highly valued in various industries, further increasing the degree's ROI.
5. Flexibility and Further Education: A Legal Studies degree serves as a solid foundation for those interested in pursuing law school or advanced degrees in related fields. The versatility of this degree allows graduates to pivot into different sectors, maximizing their career potential and financial returns.
Conclusion: A Legal Studies degree from Drake University represents not just an academic achievement but a strategic investment in your future. With strong career prospects, competitive salaries, and valuable networking opportunities, graduates can expect a favorable return on their educational investment. If you’re considering a career in law or related fields, a degree from Drake University could be your first step toward a rewarding professional life.
Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.