Suze Orman advice

[HarryParatestes]

Melissa a female airline pilot in NC was on Suze Orman this morning. She has 100k in student loan debt. Suze asked her income and was shocked when Melissa said she made 25k. The look on Suze's face was "Priceless". Melissa explained she was a regional airline pilot and there is no movement in the industry right now. Suze said she needed to consider moving to the private sector.

 

[Wowjack]

That's the look my parents gave me when I told them what I got paid!

 

[BenderGonzales]

the private sector? Doing what?

 

[another cfii]

Maybe the company she works for is already "privately owned"

 

[Way2Broke]

Suze Orman rules! The private sector on the other hand sucks!

 

[Flyin2low]

I have a private sector.

 

[pilotyip]

Start at $35K at USA Jet, most pilots are in the $55K-$60K range after three years.

 

[GogglesPisano]

This profession has, with the possible exception of drama school, the worst return on investment imaginable.

Hopefully the word will spread.

Engineers start at $45-55K in their right out of school (early 20's.)
MBA's start at $75-100K in their late 20's.

 

[PropPiedmont]

Who ever said pilots were smart. We went to a trade school not a college. The average pilot is not very well educated. Just because you spend $100,000 to learn how to fly airplanes doesn't mean you'll be smarter in the end.

 

[John Pennekamp]

Who the hell is Suze Orman?

 

[Peter Griffin]

I think Suzie's expression can be best summed up by the "I just sharted my pants" look.

p.s. "Harry Paratestes" is the funniest name I have ever seen. Nice.

 

[satpak77]

pay 100K for a 18,000 a year starting salary.

Make it to the "big leagues" such as AA, DAL, or UAL and have no pension and get laid off and forced to find a job your 100K never trained you for

get called back, and GO back.

only in aviation

 

[RCA]

Well thats all doom and gloom, however I spent 54k on flt school, made 30k my first yr with a regional and will make over 40k in yr 2 and have only flown 200 hrs this year. Im sure Im not the only one out there with a positive story. Try and seek out the good stuff, I think everyone would be surprised what they find

 

[Morning Wood]

pay 100K for a 18,000 a year starting salary.

Make it to the "big leagues" such as AA, DAL, or UAL and have no pension and get laid off and forced to find a job your 100K never trained you for

get called back, and GO back.

only in aviation

What you forgot to add was pay $10000 to the company to have the
privilege to work there. This is the only profession I know that people
are willing to pay to work somewhere.

 

[Spicepilots]

The whining on this board is so rediculous. I hate to say it, but for you ATP/UND/ERAU grads with 100K in debt, who held your face to the fire and made you take the expensive route? I know plenty of people, myself included, who are carrying a third of that debt because we trained at our local airport, and got the same regional jobs that you did. Perhaps there's a message board out there full of Harvard grads with art degrees working at Starbucks to pay off their $150,000 educations, too, but we should have known what we were getting into

 

[John Pennekamp]

The whining on this board is so rediculous. I hate to say it, but for you ATP/UND/ERAU grads with 100K in debt, who held your face to the fire and made you take the expensive route? I know plenty of people, myself included, who are carrying a third of that debt because we trained at our local airport, and got the same regional jobs that you did. Perhaps there's a message board out there full of Harvard grads with art degrees working at Starbucks to pay off their $150,000 educations, too, but we should have known what we were getting into

Not bad for your 19th post. Go back to your cave and light your fire, troll.

 

[satpak77]

Perhaps there's a message board out there full of Harvard grads with art degrees working at Starbucks to pay off their $150,000 educations, too, but we should have known what we were getting into

uh, actually, no there isn't a message board like that

 

[asaflyer]

I hate to say it, but for you ATP/UND/ERAU grads with 100K in debt, who held your face to the fire and made you take the expensive route? ............... Perhaps there's a message board out there full of Harvard grads with art degrees working at Starbucks to pay off their $150,000 educations, too, but we should have known what we were getting into

Well said my friend, if only people listened.

 

[Wowjack]

I agree, work smarter, not harder. I went the same route as Spicepilots, and got into the business much sooner than my collegues.

 

[atrdriver]

The whining on this board is so rediculous. I hate to say it, but for you ATP/UND/ERAU grads with 100K in debt, who held your face to the fire and made you take the expensive route? I know plenty of people, myself included, who are carrying a third of that debt because we trained at our local airport, and got the same regional jobs that you did. Perhaps there's a message board out there full of Harvard grads with art degrees working at Starbucks to pay off their $150,000 educations, too, but we should have known what we were getting into

One of the problems is that people don't do their homework about the profession before they get into that position. And those that think that somehow they are going to start their career making $200K. IF people actually did some research before starting their 100K "education", maybe fewer people would do it, and there would be fewer people willing to work for next to nothing just to start repaying the loans.

 

[pilotyip]

No college required

Too many negative vibes, this is still a great career where else can a high school grad have shot at making $100K by his early 30's, and not have much debt. I have seen it too many times. Here is a hint is not the regional route.

 

[Spicepilots]

Not bad for your 19th post. Go back to your cave and light your fire, troll.

Ah, yes, another snappy comeback from John P. All I'm saying is it's pathetic to blame everyone else for not being an educated consumer when it comes to your training. If you're satisfied with what you spent on learning to fly, good for you.

 

[John Pennekamp]

Ah, yes, another snappy comeback from John P. All I'm saying is it's pathetic to blame everyone else for not being an educated consumer when it comes to your training. If you're satisfied with what you spent on learning to fly, good for you.

Now if you'd have said that the first time, you'd have spared yourself the snappy comeback.

 

[Secret Squirrel]

Here is hint is not the regional route.

A colege eduktion kn heLp wit speling and sentence struckture. Sometimes.

 

[pilotyip]

Again squirrel college has nothing to do with flying

 

[bvt1151]

Her problem (and therefore all of our problems also) is that she decided to take that $25k job at Mesa. As long as they can find pilots stupid enough to work for that, all our pay will suffer.

 

[Peter Griffin]

Her problem (and therefore all of our problems also) is that she decided to take that $25k job at Mesa. As long as they can find pilots stupid enough to work for that, all our pay will suffer.

And they always will. You know why? Because the kids coming out of UND, etc. can get hired with 500 hrs of time. And their choices are flight instruct, or fly for an airline with a connection to mesa, etc. I dont blame them for choosing an airline over instructing. Who wouldnt? The pay is better at the airline, their desire is to be flying "professionally" at an airline or fractional, plus you dont have to spend your time crammed into a 150 on a hot summer day with a new student who just vomited on the instrument panel. Its not that the new grads are stupid, its just better of two choices for them.

But yes, because of that, pay for more established pilots DOES suffer. I just wont call them stupid for choosing an airline over instructing anyday.

 

[Secret Squirrel]

Again squirrel college has nothing to do with flying

Makes you a better drunk.

 

[pilotyip]

Not to mention

Peter; not to mention they are logging Turbine MEL time, builds the resume for the next job. BTW Squirrelll I was a terrible drunk in college

 

[rsspilot]

Well thats all doom and gloom, however I spent 54k on flt school, made 30k my first yr with a regional and will make over 40k in yr 2 and have only flown 200 hrs this year. Im sure Im not the only one out there with a positive story. Try and seek out the good stuff, I think everyone would be surprised what they find

Don't all regional airline pilots make 40 k their second year and fly only 20 hours a month?