Finding a flying job that pays $25K a year, straight out of flight school is very optimistic. You realized this, so you go to college and get a four year degree in something that pays, afterwards you get your ratings at a place like all ATP's. You drop the $35K and and get it done quick. Then you will make less than $30K a year for the next 10 years, you may peak up to $40k/yr or so, once or twice only to get furloughed and start over. And that other degree? You will need that to get a job to support yourself, so you can afford your career. When you are done paying your dues, you will probably be well into your thirties, and get your first job as a CA on an RJ making $50K/yr. Meanwhile don't forget the wife at home that you will almost never get to see. Ohh and don't forget the kids, you will miss them too, from long overnights in places like Grand Rapids, or worse Saltillo, Mexico. But It's all good because the majors are hiring and you'll soon have enough PIC to get hired. By this time you are 35 years old. Well, I don't know if you read the paper, but those big paychecks the major guys have been making...they might not be there for you, but you take the job anyway. Well good news, you get hired at your dream carrier making $35K/year, but that's not bad because next year you get $45K and you might even see $90K as an FO on a 737. Wow! But now you are 40, and the economy takes another dump, and the furloughs start again. Off to the the street you go. But wait good news! Your airlines regional partner has a flow though agreement! Great you still have a job! Back in the RJ making $35K/yr. Then after a few years things get better, and you are recalled back to your cushy 737, and things go well for a few years. You make CA on the 737, now your making the big bucks! $160K/yr. But wait...Managment wants 30% of that back because of rising fuel costs. So you take the paycut, and managment in turn lowers ticket prices to undercut the rest of the industry. But this plan fails and your airline enters Capter 11. You slide back down the list list, but this time you avoid the furlough and get pushed back to FO. But that's not bad, because your still making $90K/yr, but then comes the second round of concessions. Ouch now I'm back to $60K. The word around the crew room is liquidation. You hope everyday shows improvement, but it doesn't. You have convinced your self that anyday will be the airline's last. Then comes the big announcement. The airline has be purchased by another carrier, and the seniority lists are merged. Your job has been saved, and just in time for retirement too! So you turn 60 only to open the USA Today and see that your new airline will no longer be funding it's pensions due to economical strains caused by the merger.
Now do you really want to put your family though this? If so, sign right up! We would love to have you on board.