http://hotjobs.yahoo.com/career-articles-college_grads_which_ones_earn_the_most-1103 I am really surprised that Economics majors tend to get paid better than Mechanical Engineers and Computer Scientists. But what is more surprising is the fact that Accountants are nowhere on that list. You would think a trained accountant ends up doing better than a trained economist. I am guessing Economics and Finance majors are interchangeable in the job market. And this Who knew philosophy majors had such marketable skills?
The school you attend has a lot to do with how much you get paid. I bet there are a lot of accounting majors from cupcake schools so of course the median income is lowered.
I really want to know how the data was collected. Because if it's a survey results, I can see most philosophy majors that are flipping burgers to not respond. Though a lot of them probably goes on to get a law degree or a MBA at some point, or become really good salespersons.
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That data does not seem right to me. For one, all those mid career salaries are way too high. In ten years, all those jobs earn over 6 digits? They must be looking only at Ivy League or something. And what do you do with an undergrad physics degree to earn so much? Same with economics and computer science. They are good majors, but the market is oversaturated with them and the first two usually require further years of school.
As someone who limped his way to the finish line of an Electrical Engineering degree, I would say that if you didn't want to pursue an Engineering degree when you started college, you likely made the right choice not going for it. The first day of orientation, they basically told us to look to the left then the right, only one of us was going to graduate with an Engineering degree. The crazy thing was, they were pretty much right. That said, an Engineer education is awesome for the quantitative skills it sharpens (i.e. course load is pure math and logic, no fluff or BS at all) that it lends it self to many different fields and industry beyond engineering such as med school, IT, finance, consulting and etc. It also trains you for 4 years to learn to deal with the massive amount of workload thrown at you that once you start in the workforce, you can handle deadlines and pressure better. My view of the downside of the degree is that it train you better to be a pawn and a cog than an essential part. You'd lack management and administration skills unless you have some natural leadership skills or develop it through work experience, MBA or etc. However, there are still a lot more positions for a well paid pawn than a marginally better paid mid level manager. Most Engineering friends I graduated with are making at-least around 70K 5 years out. The ones that get their second promotions a little faster are making close to 90K after their bonuses at about 5 years after graduation. Some of the ones that take jobs as field engineers might be already hitting 6 figures but the work is brutal. Physics and other quantitative degrees might be in the same boat as engineering - i.e. getting a MBA + consulting/IB? But I do agree that I would want know how the data is collected, as I do question some of the numbers myself.
those numbers seem about right to me. Out here in San Diego, a UCSD graduate in engineering (Comp Sci, EE, CSE) earn a starting salary with no experience at around 55k-65k
also most after 5 years make around 80k so in 10 years six figures doesnt seem that far off.. But with inflation that six figure salary doesnt look as attractice
Are accountants normally paid very well in the US? I know accountants here in Australia are paid peanuts with starting salary of about 40-45kAUSD. Also, is it true that house affordability in the states is quite decent. As in you could easily pay off your mortgages in 5-7 years time?
That looks a little low to me. I'm in IT and all my classmates and friends graduated and had job offers that were very comparable with Chemical engineering.
I wonder how much Business Administration gets. I'm actually majoring in Economics but was thinking to switch to Business Administration in my junior year (you can do that in Europe).
I have an economics degree and I am right there in the spectrum. Funny thing is that I am not doing anything relative to the financial/economical sector. I am in construction project management. I will not lie though, I do use a lot of the skills that I learned in my degree for my job.
Accountants here in the U.S. start around $45-$55k if you work for a big 4 if I'm not mistaken. Great work experience that sets you up well for grad school. A bunch of the ex-accountants in my MBA class went into i-banking after school.
surprised that petroleum engineering isn't on there. maybe it is too niche of a field. i have friends from UT that had starting offers well into the 80s.
I was going to say the same thing. There are some mechanical engineers that are graduating from UoH getting in the high 60's out of school...but petroleum engineers really make the big bucks. According to the methodology of the survey it only takes into account the people that actually did the survey which I'm sure leaves out a LOT of people...probably why the numbers are off compared to many folks.
Only a dozen or so universities have a Petroleum Engineering dept. The rest lump those courses in with their ChemE program. Off the top of my head I can only name UT, A&M, LSU, Tulsa, OU, and CSM who offer it.
