| I'm a hiring manager and we pay kids from Penn State, UMDCP the same amount as those from UPenn and CMU. Where you went to school really does not matter! |
Please, feel free to chime in with other bits of useless information. No one is suggesting that Google pays someone from Stanford differently from someone from UMD. Simply, Stanford kids are more likely to work at McKinsey, or Goldman or Sequoia or Jane Street that pay very high wages and can skew the medians higher. |
Engineers tend to make about 2X as much as non-engineers through early to mid-career. So the mix of majors massively skews the results. That can be seen in Georgia Tech. Georgia Tech average is $88K, which is higher than Harvard and higher than Berkeley and significantly higher than UVA, or Michigan But that can be misleading from a comparative standpoint because of the very high percentage of engineering majors at Georgia Tech. This explains a large part of overall differences between schools, so you need to compare schools major to major. Another example is that NC State has about the same income as UNC Chapel Hill. UNC is often cited as a top public, but it does not have engineering. But in a major for major comparison, UNC will likely be higher. There is a Georgetown CEW study that sought to correct for this with the value add adjusted for majors. Another thing that skews the numbers is the cost of living where graduates tend to settle. There are massive cost of living differences by geography. Santa Clara is higher than Duke on the list above. But it sits right in the middle of one of the most expensive areas in the country. The cost of living is sky high. (Duke graduates may also be likely to settle in high cost areas like NYC.). The cost of living in Santa Clara (Silicon Valley) is 64.2% higher than Austin, TX. How then do you compare Santa Clara ($93,291) to UT Austin ($67,839)? (And Dallas and Houston are also much lower cost of living that Silicon Valley.) A UT graduate living in Austin makine $68K is doing better than a Santa Clara graduate living in Santa Clara making $93K once you adjust for inflation. This is one of the reasons for a large exodus of businesses and workers from California to Texas. Workers in California do not believe they will be able to afford a house there despite salaries that look very high. The same is true for areas like NYC. |
The other thing to consider is that you should not just expect income or ROI along the lines of the college scorecard just by attending the institution. If you attend Penn and study Sociology, you cannot expect to have the same early career earnings as a Wharton graduate. Likewise, if you are a Penn Sociology graduate and move to Columbus, OH, you should not expect the same outcome as a Wharton graduate who locates in NYC. |
Albany College of Pharmacy, at $119K, is $7K higher than Caltech, which is #1 on your list. |
This again. Just stop. You don’t really mean that. Unless you mean you pay kids from JMU or VCU the same as kids from UMDCP or Penn State. |
That’s 6 years of school. |
| I wish they would group for majors, so UT Austin compared to UIUC and John Hopkins for CS for example. So much depends on the mix of students, for example UT Austin may have a smaller CS and Engg department compared to Caltech, however median salary may be very similar |
Now compare that salary to pharmacy school debt, and compare Albion’s average student debt to that of elite private colleges. |
Also, they don't seem to have income data on some schools, like UMDCP. I guess it's because a lot don't get federal loans? From the site: "Only data from students who received federal financial aid are included in the calculation. " |
You are one data point. If GW sends a dipropionate number to law school and that skews the GW ten year incomes higher, that's still of interest when compared to another school. |
I’m confused by your comment. Are you doubting the poster’s own experience? Or do you really think a company could not conceivably hire from all of those schools. I know it does not fit your narrative, but school is not really that important except for certain companies. You have no idea where the poster works, so how could you know if they work at one of those few companies that care? |
| Isn’t this skewed by whether the college jas engineering and business, as those majors tend to make the most on graduating (not necessarily long term). Brandeis doesn’t have either. It probably does have a lot of pre-med and pre-law, which make a lot long term but nit when calculated 5 yrs post undergrad. |
Yet another attempt by the Northeastern booster to portray Northeastern as lateral to Northwestern. |
Why are you so much obsessed with Northeastern Impressive nonetheless |