Thanks for replying
Yes I was drawn to the salary but I am interested in science as well. For me my strength was in math/science in high school and I feel in a way like I'm "wasting" my abilities if I just stay at a 40k/year job. But I made a spreadsheet to compare the costs. I am able to get a $60k/year job eventually and save $30k/year from that. If I do a CRNA, it's about 5 years of not being able to work. And maybe $25k/year for two years for nursing school and pre-requisites, and maybe another $70k for the master's. And maybe another $10k from the student loan interest. So it's at least $130k invested.
If I'm making $150k, the taxes will be higher, so maybe that is $100k after taxes. There is liability insurance costs for a CRNA (maybe $300/month?). Also if I'm making more I'll probably spend a bit more than if I were making less. I calculated the amount of savings I would have after 20 years and it would be about the same.
Also there is an opportunity costs of going to school. If I study 2 hours a day and 4 hours a week, that's 18 hours a week from studying. Instead of studying, I could use this time to take a part time job of $15/hour. Over 5 years, this would be about $50k after taxes in an opportunity cost from the time spent on studying.
Going the CRNA route, it would take about 9 years until I break even to get out of the debt and start making money. (The first two years I assumed I would make $120k instead of $150k).
After 20 years, I would "only" have maybe $40k more in savings as a CRNA, which amounts to less than $200/month.
Also there are a lot of issues/risks that I see from the CRNA path:
-There is a risk that if it takes longer than expected in this path and I may need to get a doctorate. It's already 2017 and I have 8 years until it becomes 2025 when a doctorate is needed but it will take me at least 6 years to do the path of a CRNA. If it takes 7 or 8 years I'm cutting it close to the limit. I'm not against doing a doctorate but it would add to the cost.
-I have a more laid back personality and I'm not "aggressive." I'm not sure if this would matter since I've read that a lot of CRNAs are type A personality?
-Liability issues. I am afraid to take on a lot of responsibilities and losing my career over an accident.
-Another issue for me is dating. I think that it would intimidate a lot of guys if they found out how much I was making. Has this been an issue for any other female CRNAs?
-And one of my goals in life is to have kids. I'm afraid if I have kids in the next 6 years that I won't have time to practice before having kids. Then my skills would not be up to speed. Maybe I could return to the work force in the future to work. I would rather have kids than go to CRNA school.
-I find an IT office to be comfortable than a hospital environment. The downsides of being in a hospital environment: wearing scrubs
, exposed to diseases, dead bodies, gross images, etc. these are things I don't have to deal with in an IT office. Even if we have to wear professional or business casual clothes in an IT office environment, it doesn't seem as restrictive as scrubs. I like fashion and I like being able to express myself through clothes, and it's hard to do that with scrubs. I am prepared to deal with those things, but there is a comfort for me in being in an IT office where I don't have to encounter those things. But they are also things I am willing to give up to be a CRNA, but it's just something that I am considering.
-It's very competitive
-If after 6 years of schooling I don't like it then I am out of luck and stuck
-I will have limited time for hobbies
If I stay in IT, if I can get a $60k year job and save $30k, and invest it at 5%, I would be at about the same place financially as if I became a CRNA. I am still researching things and undecided.
How long did you give up school for to be with your kids before you thought about going back?