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College and University Discussion
Reply to "Starting salary or expected for your child"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Physics major at Ivy. Expecting to make minimum 300k[/quote] Good luck with that. The Ivy League is tarnished. The job market is tough. AI is the elephant in the room. There are unemployed former Physics majors with real world experience that trumps freshly printed parchment. [/quote] He's doing just fine, completing 3 internships in quant finance. All his friends are employed this summer too, so it doesn't sound like you know much of anything.[/quote] [b]There are few quant finance jobs[/b]. Your kid is lucky to have one but there are many kids from MIT who are doing regular jobs so "all" his friends may be employed but not necessarily at the same level. [/quote] So? Who doesn’t know this already? What’s your point?[/quote] Not the PP. My point would be that the number of posts re physics majors making bank as quants are excessive given we all agree on the rarity of these jobs. And now, in the wake of press that META is poaching top AI talent, someone's teeing up a thread to claim fresh CS majors are making mid six figures. (Doubt this is a parent, it's some long term poster with too much time on their hands, just my hunch.) Regardless, [b]useless anecdata given these are uncommon[/b].[/quote] Really? If you need data for typical average Joe, you just need to google. Tons of information out there. [/quote] Most schools do provide more granular career data for graduates by major. As an example, if you want to see how the MIT graduating class of 2024 is faring as a whole then you can search this link: https://ir.mit.edu/projects/graduating-student-survey/ As you might imagine, the median salary across the entire class that decided to enter the workforce (i.e., nobody that decided to go to grad school is in these numbers), is probably somewhere around $125k with kids going into finance having the highest median salaries at $187k and kids going to work in life sciences the lowest at $46.5k.[/quote] So it does say the 75 pct for finance is 300k. And that’s only the base salary. Very consistent with the reports on this board that people are making mid to high six figures (TC) out of college.[/quote]
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