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 11:45 PM ^
At least...
Kids going to the west cost start around 100 and engineers working at the big 3 can expect 75 out of the gate as an undergrad
source: I just went through this process
September 13th, 2015 at 9:40 PM ^
15 years out and I just barely eclipsed it (finally). FML. Yay science.
September 13th, 2015 at 9:40 PM ^
September 13th, 2015 at 9:42 PM ^
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September 13th, 2015 at 11:46 PM ^
Yeah john deere and CAT pay very, very handsomly.
September 13th, 2015 at 9:44 PM ^
Actually, I wonder if they include NFL players in these stats...
September 13th, 2015 at 9:56 PM ^
it says the stats are only from students who received federal financial aid. I'd think anyone receiving a full scholarship would be exempt from that grouping, no?
September 13th, 2015 at 11:01 PM ^
September 13th, 2015 at 9:44 PM ^
Well, using that logic then people should go to Kettering or Michigan Tech. :-)
September 13th, 2015 at 11:07 PM ^
I'm willing to bet that Ross and Michigan Engineers make more than both of those thresholds.
Those schools are shown in a false light because of 1) tiny enrollment numbers and 2) highly restricted degree offerings.
September 14th, 2015 at 6:52 PM ^
Kettering has a really high dropout rate (like 40%), so all of that deadweight is obviously not being factored in.
September 13th, 2015 at 9:53 PM ^
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September 13th, 2015 at 9:57 PM ^
September 13th, 2015 at 10:02 PM ^
It reminds me of the old Northwestern chant of "it's alright, it's ok, you're going to work for us someday!" when they were down by 30 against Michigan. When NW was good for a few years I never heard that chant at Ryan Field.
September 14th, 2015 at 7:48 AM ^
September 13th, 2015 at 9:54 PM ^
I graduated as an engineer and there were a lot of other graduates that were a bit disappointed what they ended up earning. Many people focus on what the top or average students get, they forget what the bottom students get. Michigan does have a good size engineering school, but it also has a huge liberal arts school, those graduates make very little.
I have mentioned this before on this board and I will say it again. As great as a Michigan degree can be for the top performers, if you find yourself in the middle or bottom of the pact you are no better off than those in the middle or bottom of the pact from any other school and your salary will reflect that. Thus that average number is not as high as some might expect. There is a lot of data that shows if you are in the middle or bottom of your class at an upper echelon school, you would have been far better off going to a lower ranked school and finishing higher in your class. I guess this goes to the old philosophy of making sure you are the smartest person in the room.
September 13th, 2015 at 9:59 PM ^
Many employers use a strict 3.0 cut-off and really only check to make sure a) your school is a decent accredited one and b) that you have work experience. You're far, far better off going to say Western, getting a 3.5 and getting some work experience versus going to Michigan, getting a 2.5 and no work experience. That Western grad will be smoking the Michigan grad in no time
September 13th, 2015 at 10:14 PM ^
September 13th, 2015 at 11:01 PM ^
September 13th, 2015 at 11:21 PM ^
OK, so I graduated a long time ago (25 years +) with an LS & A degree. When I semi-retired from a full-time career to a part time career (really to hang with my kids while they grew up), I was making more than twice the median in a "liberal arts" field. Not a lawyer, doctor, or finance person. Could have made more if I wanted more responsibility and a management position, which I didn't. I think it depends on what you do, who you are, how ambitious you are, and how good you are at your job. It's what you do with what you have that counts.
September 14th, 2015 at 6:58 AM ^
September 14th, 2015 at 10:36 AM ^
September 14th, 2015 at 1:04 PM ^
Couldn't agree with you more, Wendyk5.
September 15th, 2015 at 5:10 PM ^
I was teasing. :)
September 14th, 2015 at 7:07 AM ^
The only additional point I would make is that "top" is relative. I still think there's more slack for STEM majors than for others. For example, I had several friends in the BBA program, and it was generally the impression that you needed to be at the very top of the BBA program to get offers to work on Wall Street or Chicago. I had a good friend who was "average" (3.3) in the b-school, and ended up taking on debt to go to an average law school because he didn't want to be a "glorified secretary" making $40,000 per year. He ended up doing well, but only because he finished at the very top of his class in law school, but it's a cautionary tale nevertheless.
Another observation is the importance of STEM majors. It just cannot be stressed enough. If you look at NJ, a local engineering school many of you have never even heard of, the Stevens Institute of Technology, has an average salary of $82,800, whereas Princeton University (a school you probably have heard of), only has an average salary of $75,100.
September 13th, 2015 at 9:56 PM ^
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September 13th, 2015 at 9:57 PM ^
Huh, I guess after 4 year of crippling anxiety and self-doubt, an engineering degree was quite worth it, salary-wise.
September 13th, 2015 at 10:02 PM ^
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September 13th, 2015 at 10:12 PM ^
Ten years? Man we let in some dummies. That's a poor starting salary for your FIRST job.
September 14th, 2015 at 3:07 AM ^
September 14th, 2015 at 6:59 PM ^
Fairly confident Michigan seems lower than it should because so many students go on to graduate school. For a pre-health track, 10 years from freshman year is first or second year of medical residency making $50K ... just a couple of years later they're making $175K+.
September 13th, 2015 at 10:18 PM ^
Never judge a man by the size of his wallet.*
*I'm no sourgrapes here. Easy 1%er today although we choose to live lowkey with exception of travel and world exploration. We also work separately >3,000 hours/year. WTF cares.
September 14th, 2015 at 12:21 AM ^
... the purported biographical info at the end could read as follows:
*I'm actually either (a) an internet rich guy, i.e. an average joe, or (b) an actual rich guy who is so supremely insecure that I'm worried people on the internet might think I'm poor, or god forbid, think I'm only top 10%, so I need to proclaim both my household income percentile, working hours, and "world exploration" publicly.
WTF cares? Evidently, you do.
Here's my rewrite of your post to make it better:
"Never judge a man by the size of his wallet."
End. See? Better, amirite?
September 14th, 2015 at 12:27 AM ^
If I did not admit to the information that aggrieves you so, I would certainly be perceived by most as a sourgrapes type. "I don't have it so you shouldn't have it." There is too much of this sentiment at Michigan, the State and the University, and it is counterproductive. You personally don't need money to be successful as a human being. That is all.
September 13th, 2015 at 10:32 PM ^
September 13th, 2015 at 10:33 PM ^
September 13th, 2015 at 10:35 PM ^
September 14th, 2015 at 7:04 PM ^
From what I've seen, a female grad from Kettering or UM-CoE is an automatic $100K starting salary.
September 13th, 2015 at 10:39 PM ^
I've been outta college for about 15 years and I just eclipsed 45 grand. Damn Journalism. But I love it, so I'll stay.
September 13th, 2015 at 10:54 PM ^
September 13th, 2015 at 10:55 PM ^
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September 13th, 2015 at 10:56 PM ^
you've got 4-5 years of undergrad, then 4-6 years of graduate school. If you're doing medical school, you've got 4-7 years of residency after 4 years of medical school, and during residency you're making about $50k, and then fellowships after that that can last 1-4 years. So it's a long haul before you're hitting that median value.
September 13th, 2015 at 11:02 PM ^
This would be such an awesome set of data if it was segmented the salaries out by major. Wish the government would present legit information that shows how specific majors are doing at specific schools when you have to fill out a Fafsa. I've seen many people attend a school like Michigan and just assume they made it. Then they get pissed when the EMU accounting grads are making a 30K higher starting salary with much better growth prospects.
September 13th, 2015 at 11:07 PM ^
September 13th, 2015 at 11:10 PM ^
Also, you can't measure the value of a degree purely in terms of salary. It's a big part of it, but there are many more factors like overall experience, intellectual rigor/prestige, and connections/networking.
September 14th, 2015 at 12:01 AM ^
No doubt, the real value is intangible and that aspect is much more important, but this published aspect is tangible and--though inseparable from the materialistic--inarguably makes living life easier.
September 13th, 2015 at 11:13 PM ^
September 13th, 2015 at 11:51 PM ^