The Wall Street Journal reports:
Roughly 2,000 students have to decide by Sunday whether to accept a spot at Harvard. Here's some advice: Forget Harvard. If you want to earn big bucks and retire young, you're better off becoming a California prison guard.
The job might not sound glamorous, but a brochure from the California Department of Corrections and Rehabilitations boasts that it "has been called 'the greatest entry-level job in California'—and for good reason. Our officers earn a great salary, and a retirement package you just can't find in private industry. We even pay you to attend our academy." That's right—instead of paying more than $200,000 to attend Harvard, you could earn $3,050 a month at cadet academy.
It gets better.
Training only takes four months, and upon graduating you can look forward to a job with great health, dental and vision benefits and a starting base salary between $45,288 and $65,364. By comparison, Harvard grads can expect to earn $49,897 fresh out of college and $124,759 after 20 years.
As a California prison guard, you can make six figures in overtime and bonuses alone.
Yes , you can make 6 figures! But, it will not be easy . When you are overpaid , the word gets out:
The application process may seem like a piece of cake compared to Harvard's, but the correctional officer academy is actually more selective than Harvard. Over 120,000 people apply every year, according to the state Legislative Analyst's Office, but the academy only enrolls about 900. That's an acceptance rate of less than 1%. Harvard's is 6.2%. The job also has a better retention rate than Harvard. Only 1.7% dropped out of the service last year, compared to 2% who left Harvard.
In 2005, over
3600 California prison guards made over $100,000 a year. Just a reminder, when California asks for a bailout: you'll be bailing out these overpaid government workers. Yet, Barack Obama says they are the backbone of the middle class. Got that?
