Let?s start with the facts
(1) I have about 120k in student loan debt from law school and undergrad. I am only paying what I can on this right now, which is about $ 90 per month, which is only paying off the interest on one of the loans. Please no lectures on the magic/horror of compounding interest.
(2) I graduated from a respectable law school in May of 2008 and passed two state bar exams on the first try.
(3) I applied to hundreds of attorney jobs every year through out law school and after graduation. There really aren?t any jobs out there.
(4) I did get a job though, but it?s probably the lowest paying attorney job in the world at $ 25k per year at the least respected firm in the county. It?s sort of out in the sticks, but still close enough for me to drive to everyday. The guy is a terrible lawyer and a werido, but whatever, I need a job. There was supposed to be a bonus every 10 weeks involved, but I figured out on the first day that there will never be a bonus because the bonus is based on collecting payments from the clients, who never pay their bill. The work is family and criminal law, which is not what I set out to do, but it?s ok I guess. I took this job only about 2 months ago and the firm is apparently financially insolvent and can?t always pay all the employees on time, but so far I?ve always been paid.
(5) I?m taking an accounting course at the local community college with an eye toward applying to a business program, maybe an mba.
My question is, should I apply to an mba program? I have little or no business experience because I applied to law school right out of college and I?m worried that even after graduating with an MBA I still won?t be able to find a job and will just be in more student loan debt.
Should I quit working at this firm because it has such a terrible reputation? My current plan is to quit as soon as he can?t pay me, but my alternative to working there would probably be document review, which is a career-killer from what I?ve heard but pays more ($ 20/hr or something). Should I keep working at this firm even if he can?t pay me? Jobs are so very scare these days, especially for attorneys in my region.
Should I register, study for, and take another state?s bar exam in the hope that passing that will finally make me attractive enough to another law firm and they will pay me a real salary?
I also have my real estate license. If this joker can?t pay me, should I quit and start selling condos and homes and leasing commercial spaces?
Keep in mind that I?m actively applying for jobs elsewhere. Feel free to ask additional questions.
I would prefer it if someone with a few years of business or legal experience would answer this question.
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Source: http://attorneyaskit.com/1607/seeking-career-advice-underemployed-attorney/
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