Indy319FA
Starving Regional Pilot
- Joined
- Feb 24, 2005
- Posts
- 434
What I hear you saying is spend $100K on college so that you can move into a low-middle management position so that you can spend $30K to finance a hobby that might land you a $22K/yr job on the outside chance you land a job at a major airline 10 years later. And that's supposed to give you the perspective to keep your attitude up?
Who has the money and lifespan to devote to two half-hearted pursuits?
Exactly. Which is why regional airlines are having a difficult time filling classes now and it is just going to get harder over the next year as attrition picks up and part 117 kicks in. To go to one of these college aviation programs is pretty much financial suicide unless mom and dad have a couple of hundred K laying around. A while back a young guy called one of the financial gurus on the radio (may have been Dave Ramsey) and told him what he expected pay for a college aviation program and what he would make after finishing college. After laughing for a couple of minutes, the finance guy told him to forget aviation and get a business degree as aviation would be a horrible investment with practically zero return.
Will be interesting to see how all this shakes out, but I think you will see bigger planes, more flying insourced to mainline, and pipeline programs established where you get your degree, flow to instruction job, flow to regional, flow to mainline established with some kind of tuition guarantee involved either on the front or back end where mainline will pay for some of your education. This is getting priced to the point where average people cannot afford it. The zero to airline pilot programs are going to fall apart because not enough people are going to pay their prices when it won't get them a leg up anymore.
For half of what these guys starting now are going to pay for an aviation degree I have:
A History Degree, an aviation degree, 2 years toward an engineering degree, and an MBA in Accounting. Think about that. Over the last ten years the cost of an aviation education has tripled.
Hiring will come from the college programs and military with a few guys that worked their way up to 1500 hours at the local FBO. And there won't be enough of them for a while. This is going to get very interesting.