TL,DR version: I am looking into becoming a teacher. Talk me into it, or talk me out of it. Go!
Long and boring version, with my pros and cons--for those who are in the know, tell me if I am missing any of each, or if any are misguided (and not already addressed):
I am considering a career change. I am 1 year out of college with a good job with a good company and great benefits. I am 23, with a BS in Mathematics and minors in Business and Economics. However, due to some family issues, within 5 years--probably 2 or 3--I will have to leave this job. Or at least I will likely have to leave the area, which pretty much ensures I will have to leave the job. I really have mixed feelings about it, but am viewing it as an opportunity to make a career change of the sort that I really can only see myself making at a young age. I also have about 20k left in a 529 plan. I have to talk with my dad to see what the deal is with it, since he funded that account, but it is definitely mine if I want to go back to school for something. I might be able to roll it into a retirement account. Or I could get an MBA, or other Masters degree. Or I could go get my teaching certifications. I would be looking at high school math. Possibly middle school.
The thing that got me started thinking about this was that this weekend, we laid my grandmother to rest. I came in to work on Monday and had what wasn't that bad of a work day, but it just drained me. I came home and got on facebook, and some friends of mine (teachers) posted that they had gone golfing, went swimming, and then were taking a nap before going to their summer job at an ice cream stand. I may be making more money than them, but they are surely having more fun than me.
Pros:
There are not many occupations that would be more rewarding. You get the entire summer off. You get Spring Break, and Christmas Break off. Starting salary is not that bad in the areas that I would be looking for a job—I’d be taking about a 10% hit from where I am right now. Math teachers will more or less always be in demand. 8:00AM to 4:00PM is a pretty nice work day. You get to be around kids, kids are awesome! (Seriously, I would love working with kids/teens). Pretty decent benefits. Possibility of moving into a teaching position at a community college, which is in my opinion the best deal going. And arguably the biggest one, I would not be in a soul sucking cubicle all day—and I say that even though my current job is not hard or stressful, and my company is among the best to work for anywhere.
Cons:
That summer off? 3 months would likely only be 1 month between grading, class preparations, administrative work, continuing ed classes, etc. Same goes for the Spring Break and Christmas Break, probably only ½ of them would be “breaks”. Starting salary is decent, but there is not nearly as much room for growth as in the private sector unless you go into administration. 8:00AM to 4:00PM is more likely 7:00AM to 5:00PM, then another 5-15 hours a week at home. You have to be around kids, and kids can be a royal pain in the butt. And you have to deal with parents. Let me say that again, you have to deal with parents. Benefits are a big question mark in the current economic climate. What is going to happen to the pension/retirement plans? Good chance they’ll no longer be there by the time I retire. Standing on your feet all day is exhausting. I would have to join the union, which is both good and bad. Mostly good, but the right wing nutjob part of my brain is against it.
I think that the pros ultimately outweigh the cons. I only get 13 days of vacation right now. Even by conservative estimates, a teacher is still getting probably a minimum of 5-6 weeks of vacation, unless they choose to work during that time (I would), in which case they’re still getting paid. Long hours are inevitable in a lot of jobs—in fact, I’d expect that a 45-50 hour work week is more the norm for folks who want to end up in management. As far as kids and parents being pills, well, you’re going to find people like that in every facet of life. As for the retirement plan, I firmly believe that one needs to do it on his/her own. If the other things (pension/company sponsored 401k/Social Security) are still there and in good standing, then you can retire earlier.
Other things to consider with this: I have a part time job that pays good and is extremely flexible in terms of schedule. This brings in about 5k a year. Additionally, in the areas that I would be living I could go back and work in the same summer job that I had from age 13 to 22. I made really good money, to the point that if I could do it year round I would be looking at about 40k a year (albeit without any benefits whatsoever) in the least stressful environment and another extremely flexible schedule (if you don’t want to work, just don’t show up!). The first of these jobs is year round, the second summer only, and they would not interfere with each other or the teaching job.
TL,DR version: I am looking into becoming a teacher. Talk me into it, or talk me out of it. Go!