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College and University Discussion
Reply to "Which Top 50 colleges are weak when it comes to Engineering? And besides the obvious (MiT, Stanford, Cal), strong? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Given its ranking, Yale is incredibly weak in engineering. Most of the major public universities are far better. Harvard too is comparatively weak given its name. Both schools have the resources so not sure what the problem is. I think traditionally Ivy League schools looked down upon engineering. And now they're playing catch up. It's interesting that the best Ivy for engineering - Cornell - is also kind of sort of a public school. Other notable schools weak in engineering - Chicago and Georgetown.[/quote] WSJ rates Harvard #1 for top colleges for engineering salaries. https://www.wsj.com/articles/top-colleges-high-paying-jobs-engineering-7be5d8f2 RANK COLLEGE ANNUAL SALARY PREMIUM ENGINEERING % OF GRADUATES AVERAGE YEARLY SALARY 2019-2020 AVERAGE NET PRICE 1 Harvard University $39,945 1.79% $130,119 $18,037 2 Stanford University $34,385 6.57% $124,559 $20,023 3 California Institute of Technology $25,252 13.63% $115,426 $26,591 4 Princeton University $24,995 3.97% $115,169 $18,685 5 Brown University $24,553 3.02% $114,727 $27,659 6 University of Pennsylvania $20,477 2.94% $110,651 $24,167 7 Massachusetts Institute of Technology $19,576 15.00% $109,750 $19,998 8 Columbia University in the City of New York $17,736 4.06% $107,910 $22,126 9 Dartmouth College $16,256 2.98% $106,430 $24,525 10 Santa Clara University $15,883 5.62% $106,057 $48,284 [/quote] Yeah, but this is always misleading. As an example, I believe less than 1/2 of UPenn engineering grads actually work in engineering. The rest work for hedge funds, consulting, Ibanking, VC, etc. I assume Harvard and many of these other schools are the same/similar.[/quote] That may be true, but this is salaries of people from those institutions working in Engineering positions.[/quote] You may be correct, although the following paragraph is confusing: "The rankings analyze the salary impact of undergraduate schools on graduates who go into a given field, such as finance, accounting and law, in addition to engineering. This “school effect” is irrespective of which major the graduates chose and whether they pursued postgraduate certifications or graduate studies, says Matt Sigelman, president of Burning Glass."[/quote] It is simply saying the graduates may have majored in another area other than the ones they are working in. They are reporting on graduates of that institution that are working in that field. This is very evident in Finance, for instance. A number of the top schools do not have Business/Finance undergraduate majors (e.g. Harvard, Princeton), but they are near the top in finance salaries. Likewise, many Engineering/Math MIT graduates may be the ones working in finance, where MIT is listed at the top for salaries. They may be working in quant positions. [/quote]
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