OT--Government Released College Statistics (Yet Another Reason to Choose UM over MSU, OSU)
Average salary ten years after attending UM: USD 57,900.
Average salary ten years after attending MSU: USD 49,800.
Average salary ten years after attending OSU: USD 42,600.
https://collegescorecard.ed.gov/search/?state=MI&sort=advantage:desc
https://collegescorecard.ed.gov/search/?state=OH&name=ohio%20state&sort…
September 13th, 2015 at 9:29 PM ^
September 13th, 2015 at 9:29 PM ^
Seems a little low for 10 years post grad.
September 13th, 2015 at 9:51 PM ^
September 14th, 2015 at 6:01 AM ^
History majors that teach like me skewing the data!
September 14th, 2015 at 11:10 AM ^
Pastors like me (with a Philosophy major) skewing the data. And FTR, I have plenty, and don't want any more. Life is good, and God provides.
September 13th, 2015 at 10:10 PM ^
September 13th, 2015 at 11:02 PM ^
It's 6 years post grad, on average. 10 years after enrollment.
These numbers are actually understated compared to some other schools because they only include students who have been receiving federal financial aid (so probably at least about 40% of UM graduates would not be included) and they don't take into account that more prestigious schools like Michigan send a higher proportion of schools to PHD and other grad programs that don't have their salaries reflected six years after graduation.
September 13th, 2015 at 11:24 PM ^
I enrolled back in 2009, went to grad school, and haven't had to hold a job yet. Hopefully this changes next week.
September 14th, 2015 at 12:05 AM ^
10 years after I enrolled at UM I was doing my medical residency.
I would be making less than the average student at that point.
September 14th, 2015 at 5:02 AM ^
Yeah... didn't wanna sound like a buzzkill but schools that Michigan should be compared to (ie the Ivy League/UCLA/UVA/Berk) kill us in this government survey lol...
I'm assuming that is due to class size and the fact that Michigan has a lot more lower earning majors due to said size than the other top tier schools do causing the skew.
September 14th, 2015 at 7:42 AM ^
September 14th, 2015 at 3:58 PM ^
I think this is entirely a regional difference.
September 14th, 2015 at 4:24 PM ^
Ivy league schools are much smaller, much more expensive private schools so comparing average data on them to UM is useless and not even remotely apples to apples.
Our closest peer group, some of whom you supposedly looked up, includes UC-Berkeley (62k), UCLA (58k), UVA (58k) and UNC (50k) and those schools do not at all kill us (57k). If one included relative salaries by markets in which graduates choose to live, I would bet the COLA adjusted avg salary for UM would top this group.
September 14th, 2015 at 8:45 AM ^
Yeah, same here. My wife just finished her Ph.D., after picking up a MS as well. She'll just be entering the work force full-time and graduated in 2004.
September 13th, 2015 at 9:30 PM ^
I feel like this data isn't all that useful unless you break it out by major. For instance, I know for a fact that the College of Engineering at UM is much bigger than at MSU. Engineers typically have higher salaries than other majors, so this could tend to skew the data because of that.
What would be interesting to see, is whether or not engineering grads from UM make more than engineering grads from MSU and OSU, etc.
September 13th, 2015 at 9:40 PM ^
I suspect engineering is why Kettering is skewed so high. A lot of engineers (and good engineers at that)
September 13th, 2015 at 11:39 PM ^
September 14th, 2015 at 8:46 AM ^
Yeah. Also, they have the coop system that absolutely gives those graduates a leg up with jobs, provided they want to work in the Metro Detroit area.
September 14th, 2015 at 8:56 AM ^
Maybe it was the economy at the time which was abyssmal in MI. While a majority may have been working in Detroit/Ohio, I'd say about 1/2 were out of state.
I took a job in Detroit then left MI after graduation, but my first offer was in Chicago.
September 13th, 2015 at 10:10 PM ^
What you're really interested in is the value added. The problem is that students aren't randomly distributed among the schools. So, you want to control for that, not only by major, but quality of student going in, etc.
Then again, that's not necessarily the only reason to prefer one school over another.
September 13th, 2015 at 10:14 PM ^
...super useful as a metric to measure the quality of colleges and universities. Individual wealth potential is at least as heavily influenced by who your parents are and what they do as where you go to school...
September 13th, 2015 at 11:01 PM ^
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September 14th, 2015 at 9:21 AM ^
Starting engineers rarely have much to go on, outside of an internship and a grade point. This doesn't make much of a spread for companies to go on. I could be wrong, but I don't think that there is a huge disparity in starting salary from engineering school to engineering school.
As others have said, this information doesn't mean much, as school populations with large doctorate students get hurt, and engineering schools benefit a lot. To make this relevant it really needs to be by major and by location or a percentage against the median for the area. It also needs to span probably 10, 15, and 20 years.
Either way, I know plenty of Michigan and MSU people that make way more than me.
September 14th, 2015 at 10:11 AM ^
You're right that program mix surely plays a role.
MSU graduatates about a third as many engineering students each year as UM does. MSU also has a larger School of Education, too, which would also play a role (they put out 350+ new teachers each year).
September 13th, 2015 at 9:31 PM ^
University of Phoenix 53,000?
Didn't see that one coming
September 13th, 2015 at 9:50 PM ^
September 13th, 2015 at 9:51 PM ^
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September 14th, 2015 at 6:53 AM ^
...do you really beleive the data that University of Phoenix is reporting?
September 13th, 2015 at 10:18 PM ^
September 13th, 2015 at 11:26 PM ^
I knew a teacher who was trying to get the pay raise associated with having a Master's, so she enrolled in a University of Phoenix program and got another teacher to take the tests for her. How would anyone know?
September 14th, 2015 at 8:31 AM ^
But that matters less when the person getting the degree has a substantial resume already. I knew a VP at my company that finished up his degree there because HR was refusing his promotion to SVP w/o an undergrad degree. He was already qualified for the SVP promotion, just didn't have the degree.
I don't think anyone goes to UOP straight out of high school.
September 14th, 2015 at 4:38 PM ^
good lord, when your graduation rate is so low, you probably weed out many of the lower earning people (UofP is mostly working professionals).
The annual tuition paid per graduate is six figures! Highway robbery these for-profit schools are.
September 13th, 2015 at 9:35 PM ^
Where the fuck are they getting this data? I'd wager good money that most UM grads are making more than that ten years out?
September 13th, 2015 at 9:40 PM ^
September 13th, 2015 at 9:51 PM ^
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September 13th, 2015 at 10:13 PM ^
"The median earnings of former students who received federal financial aid, at 10 years after attending the school."
Taken by itself the data are not very helpful for the reasons discussed by many others, however it is useful as a comparative tool.
September 13th, 2015 at 11:05 PM ^
This also only includes students on federal financial aid who (although this is unfortunate/not ideal) still tend to make less than students from well off backgrounds after college (due to many reasons).
All U of M students would probably have a salary of a few thousand higher and it's 6 years out, not 10
September 13th, 2015 at 9:35 PM ^
MSU and OSU had a median salary below the median salary of University of Phoenix. That was surprising.
September 13th, 2015 at 10:15 PM ^
September 14th, 2015 at 6:56 AM ^
...do they get to burn couches at U of Phoenix?
September 14th, 2015 at 6:56 AM ^
...do they get to burn couches at U of Phoenix?
September 13th, 2015 at 9:38 PM ^
I dunno...all of those numbers seem fairly low for 10 years out. I mean, a good chunk of Michigan's grads are engineers and they generally start at or above $58k right now
September 13th, 2015 at 10:08 PM ^
September 13th, 2015 at 11:10 PM ^
Blank