I think you will be lucky to make 150 K in your first 2-3 years, unless your base salary is such, and that kind of first year salary is only available at select firms in select markets.
Valid point. However some firms in the DC market will pay 145-160 to start, and a successful Georgetown, GW or even Geo Mason grad with PTO experience would be a viable candidate for such a job. I think it's legitimate to consider the DC market for an examiner who already lives in the DC area.
But there is of course no assurance that a given law school grad will get one of those jobs. Unfortunately, people have to make the decision to attend law school without being fully able to evaluate their employment prospects. Also, not eveyone enjoys law school.
The question about becoming a BPAI judge does point out another consideration. A law school education is not simply an expense for getting an associates position, but is itself a valuable consideration. A law school degree might well have value at the PTO. I've never quite understood the complaints about having to pay taxes on the money the PTO gives you to pay for law school, but I'm probably just "old school". Many people struggle to pay off debt they get paying for law school.
However, for an examiner who has the option to become a SPE it doesn't appear that there is a huge payoff if dollars/hour is a consideration. As an attorney, you probably will work harder per dollar than a SPE if the life is as "kick back" as described here. Certainly law school itself won't be easy if you are serious about doing well there (as you should be) You can easily make more money as an associate than as a SPE even without making partner, (do some googling for the pay scale for mid level associates) but depending on your current age, family situation, and time in at the PTO, you might understandably not want to work so hard to do so.
I hope my comments don't seem to be derisive of Examiner's position. While, I would view the prospects of becoming a SPE less attractively than does the Examiner, that's partly because I find the work as an attorney enjoyable and because I wouldn't enjoy being an examiner or SPE nearly as much, and I did examine for a while. There's a lot to be said for a job that allows you to spend more time with your family than I can, but still allows you to live comfortably in the DC area.