Where I Want To Be...

By: Logan Chalifour

Sports Management Career!

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Vision Statement

Ever since I was a young kid, I've always had a passion for sports. My absolute dream job would be being and NBA general manager but obviously that is a very unrealistic job to acquire. However, there are thousands of other jobs in the very competitive sports management career field that I could acquire with the right training. The steps I would have to go through to get to my goal are underlined below:

  1. Attend college to earn masters degree in sports management- A masters degree will give me an edge when applying for jobs in the sports management field because it is a very competitive field. I chose UConn as a possible school because UConn is ranked number 23 in the nation when it comes to getting a degree in sports management according to sports-management-degrees.com and it is convenient for me because it is fairly close.
  2. Start low end job or internship with a professional organization- Like I said before, obtaining a job in the sports management field can be a very hard thing to accomplish. Starting off with a low end job or internship is a common step to gaining yourself a lucrative sports management career.
  3. Acquire a high-end job in the sports management field- My end goal is to eventually earn myself a good paying, high-end job that I enjoy and suits my lifestyle. I must put my sports management degree to use because if I don't, it was all for nothing and thus a bad return on investment.

As i said in step 3, I must put my degree to use and earn myself a good job or else it was a bad R.O.I. If I fail to earn a job where my degree is relevant then I would have been better off going straight into a career after high school to earn more money immediately. However, I am confident and believe that with hard work, my degree can help me get to where I want. I feel that it will be better for me in the long run. I may earn less money in the beginning because I go to college, but I do so with the hopes that I will earn more later, which I feel is the better option. Hopefully the saying short-term sacrifice leads to long-term gain stands true in the case.

Mission Statement

For general purposes I will use UConn (which I mentioned before) as the base school for financial reasoning. According to admissions.uconn.edu the yearly expenses for a UConn student are approximately $50 thousand ($49,422 exact) including tuition, boarding, meals and other fees. Some fees such as boarding and meals must be considered because I live too far away from UConn to not board so I would have to live there. I currently have a car that I could use for transportation when leaving the campus. It usually takes someone five years to acquire a masters degree in sports management so that means I'd need to raise nearly $250 thousand total. Below I will underline some of the things I could do to raise money. The options will be numbered from most ideal to least ideal:

  1. Scholarships and Grants- UConn has a page (admissions.uconn.edu/content/scholarships) dedicated to explaining the various scholarships and grants that they offer students. Other scholarships are also offered outside of colleges from organizations that support certain things. When applying to college I could apply for these to earn some money to help cover the expenses. Scholarships and grants are considered the best option because it is essentially "free" money that you don't have to pay back.
  2. Savings/Investments- Savings and investments are a great way to save money for college over a long period of time. However they aren't the best option when trying to immediately earn money for college in the short-term. Putting money into savings and investments can increase how much money I have exponentially over time. Currently I have many different savings bonds that are maturing that I received when I was born. Those bonds will help me pay for college some day. I also currently have $1,000 saved up that I want to invest into stocks to help raise some money for college. Savings and investments are the second best option because they require little money to start and can increase my money tremendously over time.
  3. Federal Loans- Federal loans through FAFSA, which is split up into subsidized and unsubsidized loans, are very common among students looking to attend college, seeing as most people can't afford college purely off of what they have. A lot of people have to borrow money which I will have to do someday to. Federal loans aren't as ideal as scholarships because you have to pay back what you borrow plus the interest that accumulates over the span your're in college however they are more ideal than private loans. I am not eligible for subsidized loans due to my economic stability. However, I am eligible for an unsubsidized loan, which means I will have to pay back interest during my time at school, not after.
  4. Private Loans- Private loans are loans through banks and/or the school. They are similar to federal loans except they typically have higher interest rates and their rates can vary. Private loans are my last resort because ultimately I have to pay back much more money if you use them.

As shown above, choosing to go to college not only gives up a lot of time that you could be earing money, but you also have to give up a lot of money to get into college. However, as I said before, I feel that going to college is a much better option then going straight into the work force because I have a much greater potential to earn more money in the future. I invest in myself by going to college now to hopefully make more money later.