Big tech software engineers have solid starting total comp with 10-15% annual bonuses, equity, and sign-on bonuses. PMs and data scientists generally make less (many also have CS degrees). Quants at places like Citadel do fine too but are not the really high earners there. Same with places like Goldman.

Fintech isn't paying $250k total comp to a new grad from Stanford CS let alone Princeton. Why does everyone think fintech pays so well? I guess a better question is what companies do people characterize at "fintech"?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here and I have no relation to Princeton at all whatsoever. But I’m still interested in how Poli Sci beats out Mechanical Engineering and Civil Engineering. Also interested in how CS is at $200k when most FAANG is at ~$150k starting salary for new grads.

Fintech (GS and other large Ibanks) and hedge funds pay more than FAANG. Assume due to NYC location they are taking more kids vs kids heading out to CA.

So the higher salary really means nothing, when you need to pay $3000/month rent to share a studio in NYC with at least 2 other person.

How is that different from FAANG Bay Area housing prices? And other tech hubs like Seattle and Austin are also very expensive.

Anonymous wrote:

Anonymous wrote:OP here and I have no relation to Princeton at all whatsoever. But I’m still interested in how Poli Sci beats out Mechanical Engineering and Civil Engineering. Also interested in how CS is at $200k when most FAANG is at ~$150k starting salary for new grads.

Fintech (GS and other large Ibanks) and hedge funds pay more than FAANG. Assume due to NYC location they are taking more kids vs kids heading out to CA.

So the higher salary really means nothing, when you need to pay $3000/month rent to share a studio in NYC with at least 2 other person.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nope, I'll go with Department of Education data

https://collegescorecard.ed.gov/school/?186131-Princeton-University

Political Science: $66,134
This is 6 years after graduation

DoE data is misleading because it only includes Pell Grant recipients and those who took out federal student loans. So only the poorest of Princeton’s student body.

So such a huge discrepancy between pell grant receivers and non-receivers.
Seems to me kids of rich families taking easy majors and getting high paying jobs through rich dads.

Low and middle class families should not be scammed by these.

Have you seen the squandered Ivy education thread? This has been going on for decades.

https://www.dcurbanmom.com/jforum/posts/list/1093901.page

Interesting thread. Should be required reading for everyone here.

Department of Education data (college scorecard) is for all students that take out loans, not just Pell grant recipients. Also it’s three years post-grad for the salaries by major. A lot of kids aren’t making big bucks.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://projects.dailyprincetonian.com/senior-survey-2022/afterprinceton.html

Sorting by concentration, you get lots of interesting results. CS is $200k median starting salary. Political Science at $84k beats out Mechanical Engineering at $80k. Fascinating!

Mechanical engineer here. That tracks. 🥜🥜🥜🥜

I’m confused. I thought engineering paid a lot? It’s certainly much harder than Poli Sci.

because that's fake data and here's the real one

https://collegescorecard.ed.gov/school/?186131-Princeton-University

Being harder doesn’t translate into higher pay. There is a glut of mech engineers because many technical students do it out of passion, and that dilutes wage negotiation power.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who is getting $500k, where and why?

Working for their family business.

It doesn't have to be a family business. My daughter made 375K/yr for the past three years from private tutoring. She charges $200/hour. She has a BS degree from Stanford and Master at UCLA. Most of her students are either MS or HS from very wealthy clients. She is not paying taxes on most of those incomes because one of the clients advises her on how to shelter on most of those money. I guess you could translate that 375K into a 550K salary pre-taxes.

"private tutoring" = escort service.

Or she's a sugar baby. Read the thread here on DCUM about the overpaid language tutor who got pregnant with the DH's baby.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who is getting $500k, where and why?

Working for their family business.

It doesn't have to be a family business. My daughter made 375K/yr for the past three years from private tutoring. She charges $200/hour. She has a BS degree from Stanford and Master at UCLA. Most of her students are either MS or HS from very wealthy clients. She is not paying taxes on most of those incomes because one of the clients advises her on how to shelter on most of those money. I guess you could translate that 375K into a 550K salary pre-taxes.

"private tutoring" = escort service.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nope, I'll go with Department of Education data

https://collegescorecard.ed.gov/school/?186131-Princeton-University

Political Science: $66,134
This is 6 years after graduation

DoE data is misleading because it only includes Pell Grant recipients and those who took out federal student loans. So only the poorest of Princeton’s student body.

So such a huge discrepancy between pell grant receivers and non-receivers.
Seems to me kids of rich families taking easy majors and getting high paying jobs through rich dads.

Low and middle class families should not be scammed by these.

Have you seen the squandered Ivy education thread? This has been going on for decades.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who is getting $500k, where and why?

Working for their family business.

It doesn't have to be a family business. My daughter made 375K/yr for the past three years from private tutoring. She charges $200/hour. She has a BS degree from Stanford and Master at UCLA. Most of her students are either MS or HS from very wealthy clients. She is not paying taxes on most of those incomes because one of the clients advises her on how to shelter on most of those money. I guess you could translate that 375K into a 550K salary pre-taxes.

Your daughter is a criminal.

Anonymous wrote:

Anonymous wrote:Who is getting $500k, where and why?

Working for their family business.

It doesn't have to be a family business. My daughter made 375K/yr for the past three years from private tutoring. She charges $200/hour. She has a BS degree from Stanford and Master at UCLA. Most of her students are either MS or HS from very wealthy clients. She is not paying taxes on most of those incomes because one of the clients advises her on how to shelter on most of those money. I guess you could translate that 375K into a 550K salary pre-taxes.

Anonymous wrote:Who is getting $500k, where and why?

Working for their family business.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://projects.dailyprincetonian.com/senior-survey-2022/afterprinceton.html

Sorting by concentration, you get lots of interesting results. CS is $200k median starting salary. Political Science at $84k beats out Mechanical Engineering at $80k. Fascinating!

Mechanical engineer here. That tracks. 🥜🥜🥜🥜

I’m confused. I thought engineering paid a lot? It’s certainly much harder than Poli Sci.

because that's fake data and here's the real one

https://collegescorecard.ed.gov/school/?186131-Princeton-University

Again — most of the people on this board are full pay so DoE data doesn’t apply to them

Again if they are full pay upper middle class, they especially have to be very careful, they are in the same boat as the low middle class who take loans.
Think.

No, UMC would be full-pay at Princeton. But probably wouldn’t pay for grad school or give a down payment on a house.

I believe you meant to quote "Again — most of the people on this board are full pay so DoE data doesn’t apply to them"

That's right, full pay UMC is in the same boat at the low to middle class when it comes to getting a job and career.
So they have to look at the DoE data not the real rich dad trust fund kids data.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://projects.dailyprincetonian.com/senior-survey-2022/afterprinceton.html

Sorting by concentration, you get lots of interesting results. CS is $200k median starting salary. Political Science at $84k beats out Mechanical Engineering at $80k. Fascinating!

Mechanical engineer here. That tracks. 🥜🥜🥜🥜

I’m confused. I thought engineering paid a lot? It’s certainly much harder than Poli Sci.

because that's fake data and here's the real one

https://collegescorecard.ed.gov/school/?186131-Princeton-University

Again — most of the people on this board are full pay so DoE data doesn’t apply to them

Again if they are full pay upper middle class, they especially have to be very careful, they are in the same boat as the low middle class who take loans.
Think.

No, UMC would be full-pay at Princeton. But probably wouldn’t pay for grad school or give a down payment on a house.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://projects.dailyprincetonian.com/senior-survey-2022/afterprinceton.html

Sorting by concentration, you get lots of interesting results. CS is $200k median starting salary. Political Science at $84k beats out Mechanical Engineering at $80k. Fascinating!

Mechanical engineer here. That tracks. 🥜🥜🥜🥜

I’m confused. I thought engineering paid a lot? It’s certainly much harder than Poli Sci.

because that's fake data and here's the real one

https://collegescorecard.ed.gov/school/?186131-Princeton-University

Again — most of the people on this board are full pay so DoE data doesn’t apply to them

Again if they are full pay upper middle class, they especially have to be very careful, they are in the same boat as the low middle class who take loans.
Think.