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College and University Discussion
Reply to "Forbes 2021 College Rankings"
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[quote=Anonymous][quote=Anonymous]I think the average salary is perhaps useful in the relative sense, like university A graduates earn more than university B. ...but those numbers are hilariously off in the absolute sense. They're using data of people who self report their salaries to a salary webpage. If I don't have a job, I don't have a salary. If I have a crappy job, I'm probably not self-reporting that information either. [/quote] It is only useful at misleading if you don't look at what the data means. Say there are two universities, A and B, and two majors 1 and 2. At University A, 80% of students are major 1 and make $75K and 20% are major 2 and make $50K. At University B, 20% of students are major 1 and make $100K and 80% are major 2 and make $60K. The average graduate at University A will make more due to the mix of majors, but the graduate at University B in a given major will make more than the equivalent graduate at University A.[/quote]
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