Print Page   |   Contact Us   |   Report Abuse   |   Sign In   |   Register
Ivy Leaguers' Perceived Pay Edge
A Wall Street Journal survey published on Jul 31, 2008 indicates that the median starting salary for Ivy Leaguers is 32% higher than that of liberal-arts college graduates - and at 10 or more years into graduates' working lives, the spread is 34%. The survey says that midcareer graduates of Dartmouth College earn the highest median salary at $134,000. Those from Columbia earn the lowest midcareer median salary of $107,000. The highest paid liberal arts school Bucknell University earn $110,000. Liberal arts graduates see their median salaries grow by 95% after about 10 years, to $89,379 from $45,747. Engineering school grads earn the highest starting salaries, yet see their paychecks expand just 76% by their career midpoints to $103,842 from $59,058. Contrary to prevailing assumptions, liberal arts degrees won't leave you in the poorhouse. History-majors-turned-business-consultants earn a median of $104,000.

 

Search all posts for:   

 

Top tags: choosing colleges;salaries;top colleges  Choosing majors  choosing majors; salaries  college 

the heart of the matter

Posted By Ryan McCarthy, Sunday, August 17, 2008
I think that any discrepancy across the board in pay between Ivies and other top schools comes down to name recognition and alumni resources. This is certainly starting to change as schools around the country make names for themselves in certain fields and send their alumni out into the world fully prepared for success.
However, while a 'Yale' or 'Princeton' may help you get a foot in the door, you wont get any further except on your own strengths and merits. At the end of the day, no worthwhile employer will ever exclude an applicant based solely on where they went to school, so I wouldn't let that worry factor into your ultimate decision.

For tips on interviewing, a much more valuable part of the job-seeking adventure, and equally critical for college admission, sign up for my seminar: "Acing the Interview". It's on October 11th.

Tags:  choosing colleges;salaries;top colleges 

Bookmark and Share
PermalinkComments (0)
 

Perceived Pay Not a Factor for Me

Posted By Rachel Orland, Monday, August 11, 2008
Maybe it's because my strong suit is in the field of humanities.  Maybe it's because I have always preferred the humanities to the more "practical" science majors.  Or maybe it's because, as a freshman, I felt that the financial implications of my major choice were issues to be dealt with way in my future.  Whatever the reason may be, my prospective income did not factor into my decision to major in philosophy.

 In the fall of my freshman year, I made it my intention to take as diverse a schedule of classes as I could.  Since I had never taken a philosophy course, I decided to try my hand at an introductory moral philosophy class.  The minute my professor started talking about the nature of morality and the meaning of moral terms, I was hooked.  I am a firm believer in following your passion, and I believe that when you find your true passion, everything else will fall into place.  When you are happy with your life choices, you can't go wrong.

 Majoring in philosophy has opened up a world of opportunities for me.  Learning how to think critically has enabled me to write better essays, decide on the possibilities of either law school or journalism school (we will see where the future takes me!), and has made my college experience more enriching overall.  To me, that is more important than anything money can buy. 

Of course, when I graduate, money will become more of an issue for me.  But I am confident that because I followed my passion, good things will come forth.  Call me naive if you wish, but this is just my view on the matter.

Tags:  Choosing majors  college 

Bookmark and Share
PermalinkComments (0)
 

Ivy Leaguers' Perceived Pay Edge

Posted By Sutanto Widjaja, Monday, August 11, 2008
When I was applying to college, I solely considered potential pay when choosing majors.  I entered college in the early 90s when the tech boom was just starting.  I chose Electrical Engineering because I wanted to participate in the wave and as a foreign student, it was the industry in which I could get a green card the fastest.  In fact, I didn't apply to an Ivy Leagues because I perceived them not having strong engineering programs.  My true passion was history, which I did not major in, because I didn't think I could get a job or a green card with a history major.
I did 3 years of engineering and learnt that it wasn't my passion at all.  I got bored and then switched careers.
In retrospect, it was a clearly mistake to choose a major based on pay.  But I didn't regret it because I couldn't have gotten a green card if I wasn't an engineer.  But if I could turn the clock, I would make a decision based on my passion. 

Tags:  choosing majors; salaries 

Bookmark and Share
PermalinkComments (0)
 
Community Search

Search »
Sign In

Username

Password

Forgot your password?

Haven't registered yet?