This model definitely doesn't account for how compensation for clergy works, which typically includes parsonage and nontangibles. And the $1m isn't based on cost, but opportunity cost of missing working years, investing the money elsewhere, and more. It definitely doesn't work right for these and other outliers, and even some of the salary data doesn't make any sense. For instance:
GA
Savannah College of Art and Design
Manufacturing Engineering.
Earnings at Age 25: $27,068
Earnings at Age 45: $30,387
ROI (Before Completion Adjustment): -$353,221
Yet salary.com shows salaries at $64-$153K, median $108K. The tuition is $38K / year for a bachelor's degree, so I could see how somebody would be in the red for a while, but it also seems that it would have a positive ROI if one were to stick with the field for their career.
This model definitely doesn't account for how compensation for clergy works, which typically includes parsonage and nontangibles. And the $1m isn't based on cost, but opportunity cost of missing working years, investing the money elsewhere, and more. It definitely doesn't work right for these and other outliers, and even some of the salary data doesn't make any sense. For instance: GA
Savannah College of Art and Design
Manufacturing Engineering.
Earnings at Age 25: $27,068 Earnings at Age 45: $30,387 ROI (Before Completion Adjustment): -$353,221
Yet salary.com shows salaries at $64-$153K, median $108K. The tuition is $38K / year for a bachelor's degree, so I could see how somebody would be in the red for a while, but it also seems that it would have a positive ROI if one were to stick with the field for their career.
https://www.salary.com/research/salary/general/manufacturing...