BS degree starts at $65K, MS $98K
rick++
alexy
>Science is still profitable.
>
>http://www-tech.mit.edu/V128/N38/gradsurvey.html
The article doesn't support that claim. Good example of shy median is
often more meaningful than mean when looking at pay distributions.
Note that
: Management and consulting was the most popular industry for graduates
:with Bachelor’s degrees, drawing 12.9 percent of the working graduates,
:followed by investment banking with 12.9 percent, aerospace and defense
:with 8.8 percent, and software development with 8.8 percent. A total of
:44 percent of graduates with Bachelor’s degrees entered jobs related to
:finance, consulting, and management.
I suspect (but have no data to indicate) that the pay of those
graduates as well as the number of graduates going into those fields
may have driven the reported average pay offer.
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked infrequently.
Stray Dog
On Fri, 12 Sep 2008, alexy wrote:
> Date: Fri, 12 Sep 2008 12:51:05 -0400
> From: alexy <nos...@asbry.net>
> Newsgroups: sci.research.careers
> Subject: Re: BS degree starts at $65K, MS $98K
I have not looked at the URL but reports do show up in my BW and WSJ
papers often enough that the 65 K figure is a stretch. I have yet to see
good credible methods about how the figures are determined. The next
question is how many graduates in field X are getting jobs in X and the
few articles which go into this are reporting on a small subset of all
graduates and that subset is the one showing high incomes.
Not long ago my bank was prommoting college loans as a ticket to high
incomes and they were talking about $48 K as being the prize for going to
college. However, there was an asterisk after that figure and if you read
the fine print, there was a whole paragraph about how they basically
looked at the cream of the cream and said nothing about applicant to job
ratio, sellection criteria for interviews, and the fact that quite a few
applicants in subject Z never get jobs in Z.
There was, in the WSJ, months ago, a refernce to a blog topic where what
was discussed was the observation that if a student in law school was not
at least in the top half of his/her class, then he/she was not going to
get a job offer in law by the time they graduate.
I've actually run into "lawyers" for example who were selling cars, or
doing other things, but were not in law or anything resembling law.
The pollyanna story is a figment of a lot of imaginations and spin.
I have also seen a number of books, authored by lawyers, trying to tell
everyone that law, as a career, is not what it used to be and a lot of
lawyers try to get out of law so they can have a life.
YMMV
Russell
> Science is still profitable.
>
> http://www-tech.mit.edu/V128/N38/gradsurvey.html
This is a survey of MIT grads. I've heard MIT is a top school. ;-)
They probably can expect to do better than average. I've never made
$98K in a year, and I have 2 Masters degrees. If I'd stayed in my
previous job I might be making that now, after what would have been
17 years in the job. Still, some science degrees probably are more
lucrative than other majors.
Cheers,
Russell
Nomen Nescio
>discussed was the observation that if a student in law school was not at
>least in the top half of his/her class, then he/she was not going to get a
>job offer in law by the time they graduate.
>
>I've actually run into "lawyers" for example who were selling cars, or doing
>other things, but were not in law or anything resembling law.
>
>The pollyanna story is a figment of a lot of imaginations and spin.
>
>I have also seen a number of books, authored by lawyers, trying to tell
>everyone that law, as a career, is not what it used to be and a lot of
>lawyers try to get out of law so they can have a life.
And for those who have or are thinking of a PhD see also:
"The Ph.D. Trap Revisited" (Paperback) by Wilf Cude.
http://www.amazon.com/Ph-D-Trap-Revisited-Wilfred-Cude/dp/1550023454
An excellent book.
(During the forum at Columbia Univ. the other night McCain said he
would offer green cards or citizen ship to every foreigner who came
to the US for study. And he's sure that every CEO would agree with him.
He did not say ANYTHING about the PhD GLUT or even the BS/MS glut.)
And just another opinion ... I'll bet that most of the best jobs in
the MIT survey went to those who were somehow connected, by a relative
in the company, by undergrad research for the prof who owns the
company, etc.. I have hear of very few really good jobs that were
obtained "cold" by answering an ad or sending a letter and
resume.
Borked Pseudo Mailed
>discussed was the observation that if a student in law school was not at
>least in the top half of his/her class, then he/she was not going to get a
>job offer in law by the time they graduate.
>
>I've actually run into "lawyers" for example who were selling cars, or doing
>other things, but were not in law or anything resembling law.
>
>The pollyanna story is a figment of a lot of imaginations and spin.
>
>I have also seen a number of books, authored by lawyers, trying to tell
>everyone that law, as a career, is not what it used to be and a lot of
>lawyers try to get out of law so they can have a life.
>
See also: "The Ph.D. Trap:
marika
"Stray Dog" <sdog...@sdf.lonestar.org> wrote in message
news:Pine.NEB.4.64.08...@sdf.lonestar.org...
There was, in the WSJ, months ago, a refernce to a blog topic where what
was discussed was the observation that if a student in law school was not
at least in the top half of his/her class, then he/she was not going to
get a job offer in law by the time they graduate.
I've actually run into "lawyers" for example who were selling cars, or
doing other things, but were not in law or anything resembling law.
The pollyanna story is a figment of a lot of imaginations and spin.
I have also seen a number of books, authored by lawyers, trying to tell
everyone that law, as a career, is not what it used to be and a lot of
lawyers try to get out of law so they can have a life.
=========
People have always been misled about the legal profession, primarily as a
result of tv. You almost never see lawyers as low income or other than
glamorous. It's preposterous. The other profession they always portray in
this manner - architects. It slays me. Both are hard jobs and require
skills in entrepreneurship that are not passed out equally amongst the
populace.
mk5000
"My eyes are covered by the hands of my unborn kids,
but my heart keeps watchin'
through the skin of my eyelids.
They say a watched pot won't ever boil, "--neighborhood #4 7 kettles, arcade
fire