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College and University Discussion
Reply to "Forbes 2021 College Rankings"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Those salaries are wildly off. The vast majority of jobs don't even pay 6 figures. Most new grads sniff no where near $70k let alone $100k+ in their early careers. That's a salary that's manager level w/ post-grad education. Many PhDs don't even sniff $130k. So off. [/quote] If you look at their methodology "early career salary" is career at 6 years and 10 years post graduation--not entry level-- and weights College Scorecard and PayScale data for each point of these at 5%. [/quote] Even w/ a college degree, earning $100k+ is difficult 10 years out. Many people never make those salaries. Even PhDs in STEM w/ 5 years exp. often make less than $120k in industry. The numbers are wildly off. [/quote] The numbers may be off but they are based on labor data. That may be why HCOL areas with strong state support of higher ed (or HCOL states with private schools with liberal financial aid/merit aid policies). And remember this is an average not a median that figures in the lawyers, doctors and business people who are making a lot more. And the floor is going to be 60k or so, not 0 for the most part. So throw in all the 200-600k salaries with a bunch of 80-100k salaries and some 60-70k salaries and this is what the numbers are going to look like for 6 and 10 years out. STEM PhDs are not the highest earners by a longshot.[/quote]
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