50k only? More like 300k, counting with the TR and line training.
While 300k might be a bit of an overstatement, 50k is also a massive understatement.
Okay so here are some Australian figures, so Australian dollars.
Commercial Pilot Licence - Melbourne Flight Training
PPL ~ $15,000 CPL ~ $ 33,000 Multi IFR ~ $26,000 TOTAL $74,000. Which is around USD$53,000
Add 10% for variables... Around A$80,000 or USD$ 58,000 to end up with a CPL and Multi engine instrument rating.
Now tell me, what is the cost of an arts or accounting degree at university?
https://student.unsw.edu.au/fees-stu...ribution-rates
Between A$7000 and A$11,000 pa depending on the subject studied. So a three year degree is between A$21,000 and A$33,000 and a four year degree is between A$28,000 and A$44,000
One third to half the cost of pilot training. Who can train more quickly and start earning? Measured against first year salary.
I don't think it is doom and gloom at all for someone looking to become a pilot in 2019.