corporate america

Athlete Or Software Engineer—What Will Get You To Millionaire Status Faster?

Athlete Or Software Engineer—What Will Get You To Millionaire Status Faster?

By Ryan Velez

It goes without saying that pro athletes pull in quite the impressive salary, befitting considering that their prominence and physical prowess. For example, in 2016, the Cleveland Cavaliers’ LeBron James made over $77 million between his pay and endorsements. New York Giants quarterback Eli Manning made $45 million, and LA Dodgers pitcher Clayton Kershaw made $32 million. However, a Business Insider article says that if you are looking to get rich and have a successful job, being pro athlete may not be the top option.

To put things in perspective, the career length for a pro athlete is relatively short, and when you are talking about pay, the stars make much more than your rank and file players. For example, in the NFL, the average career length is 3.5 years with the lifetime earning potential of $3,010,000. The NBA is a bit better, with an average length of 4.8 years and $12,027,456 in lifetime earning potential. Where the issues pop up is when it comes to actually making it to the big time. How many people try to get to that point without ever making it period, let alone getting a decent contract? While being a pro athlete is a dream, there may be other career paths to follow.

If you choose to be an engineer, by comparison, the odds are on your side. Tech job site Paysa says that the average acceptance rate at engineering schools is 63 out of 100. 6 out of 10 of those students graduate, and 97 out of 100 of those graduates find work. In terms of pay, the average career span is 40 years with an average annual salary at $125,418. This lifetime earning potential adds up to $5,016,723, more than that of your average MLB or NFL athlete. Not to mention, issues like injury shortening your career are less of an issue.

If you manage to get in the upper echelon of these type of jobs, you can stand to make even more. A job at Facebook can result in overall lifetime earnings of $13,533,236, and a career tech employee at Google could make up to $10,674,690. With this said, for people in impoverished areas, both types of jobs may seem like a pipe dream. The difference is that it is possible to improve tech education in these areas, where true athletic talent is something that can’t be bought.

Source

  • corporate america

    More in corporate america

    Amazon Buys Whole Foods Market In Market-Shifting Deal

    sgreyJune 20, 2017

    Female Exec Gets $41 Million After Saying She Was Fired For Acting “Like A Man”

    sgreyJune 20, 2017

    Reasons Why CEOs Fire Employees

    sgreyJune 10, 2017

    Uber Hires Bozoma Saint-John As CBO To Help Revamp Their Image

    sgreyJune 8, 2017

    What Went Wrong With Your Pitch?

    sgreyJune 6, 2017

    Ways To Get Customers Infatuated With Your Brand

    sgreyMay 31, 2017