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WSJ Article, Payscale, 100K Club - Consolidated

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Replies to: WSJ Article, Payscale, 100K Club - Consolidated

  • vader1990vader1990 Registered User Posts: 512 Member
    uuhhh...no offense but schools like Johns Hopkins and other top tier med schools end up making soooo much more...this list is def. lacking...
  • Phead128Phead128 Registered User Posts: 2,091 Senior Member
    ^ Especially given how 45% of students who graduate from Hopkins report primary activity to a graduate or professional school and how another 2% reported how they were actively applying.

    Given how it varies year by year, mid career salary of a person with a M.B.A, J.D., M.D, etc. much higher than a person without one. Pre-professional schools really tend to get the shaft in these surveys. (In Hopkins case, nearly 47% of each graduating class is not accounted for or does not meet the criteria for the survey)
  • vader1990vader1990 Registered User Posts: 512 Member
    ^EXCELLENT point Phead128, I think this survey has several flaws, which become apparent when you actually think about it ;)
  • GoNavyXCGoNavyXC Registered User Posts: 467 Member
    Definitely flawed, definitely flawed...heck, our future president's alma mater isn't even on this list. I think Phead made an excellent point.
  • applejackapplejack Registered User Posts: 1,483 Senior Member
    Maybe our future president's alma mater doesn't have mid career salaries in that range.

    This is rather surprising, considering the average income in the U.S. is only in the mid-twenties.

    But the list must be incomplete. Duke's not on it.
  • CervantesCervantes - Posts: 758 Member
    GoNavyXC, I see Columbia and Harvard on the list, they're ranked 21st and 6th respectively. Heck, even Occidental is ranked 28th.
  • croniecronie Registered User Posts: 682 Senior Member
    Titan, did you notice the title of the article? "Ivy Leaguers' Big Edge: Starting Pay" - The point of the article seems to be that Ivy League students do have an edge. Rather than damage this notion, it actually supports it.

    Now the actual data may not support it, but the accompanying article, with it's title claim, certainly does.
  • gellinogellino Registered User Posts: 3,017 Senior Member
    It does call into question how much data they are able to collect or how relevant it is when many of these schools have 70-80% go onto some form of grad school; so presumably this info is not taking into account the vast majority of alums at these schools, even if they are seeking to determine just the effect of the UG. One way I could rationalize the results of why Dartmouth would be higher than Harvard is that the former is smaller and more pre-professional (PhDs % at Dartmouth ~7% vs ~14% at Harvard), so relatively less would become professors or other researchers out of Dartmouth, which would otherwise serve to lower the median; however, if they are excluding anyone with an advanced degree then this explanation couldn't be a factor.

    In addition, the fact that Franklin & Marshall can come in as #5 among those ranking the top 25%ile (right between Princeton and Stanford; not a place that F&M is usually thought of) and yet F&M only ranks #84 in median salary makes me wonder how much or how reliable this data is. This survey may have more to do with what types of industries the grads of these schools with no advanced degrees tend to gravitate towards serving as the dependent variable.
  • rogracerrogracer Registered User Posts: 1,205 Senior Member
    Yes, that appears to be an incomplete list (Lehigh is another example of a missing 100+ school). But even that said, it makes little sense to be comparing dissimilar schools....a large public with a large number of majors (many low-paying), cannot be compared with a small private that is largely pre-professional. Also, the list does not account for geographic location in the data...giving a false bias to expensive regions of the country in which the graduates tend to reside. Most large companies adjust starting offers and have salary scales that are geographically-depended.

    Interesting list, though...but I'd only use it to compare similar-type schools in similar regions...and even then, I wouldn't make too much of it.
  • xiggixiggi Registered User Posts: 25,441 Senior Member
    In the recently released Payscale survey of annual salary levels for college graduates, 40 colleges showed median annual salaries at mid-career at over $100,000.

    Is that what it is? Or should it read: "In the recently released Payscale survey of annual salary levels for [a small number of responding] college graduates, 40 colleges [out of a extremely limited number of schools] showed median annual salaries at mid-career at over $100,000.

    Oh well, GIGO!
  • GoNavyXCGoNavyXC Registered User Posts: 467 Member
    Cervantes, you must not know anything about the electoral college...Barack Obama's schools are on there...thus proving my point that most of CC is liberal and can't even see what I was trying to get at. John McCain's alma mater is not listed.
  • repzolowrepzolow Registered User Posts: 147 Junior Member
    Interesting.... article certainly verifies some misconceptions, like going to a lower-tier school is no different than going to that of a top-tiered.
  • gellinogellino Registered User Posts: 3,017 Senior Member
    ^I don't know if it is a limited list of schools as there seems to be many listed among the results that I've never heard of. I don't know if there is a way to try the approach of isolating UG effect without there being some flaws, but it is interesting how the usual suspects do seem to generally still come out on top; albeit not in a precise magnitude and rank order as conventional thinking, but not too far from it either.

    I would guess that the top 30 schools on their list all have over 50% of grads go on to get some type of advanced degree, so that's not necessarily a differentiating factor among schools here. I'm guessing they just weren't able to get the data for JHU, which is why it's not on the list anywhere, but would think a lower % of its grads would go into business, which would probably hurt it in comparison to other peer schools for purposes of this survey. It would be interesting to see what % of grads report starting salaries and what % of alums reported a mid-career salary.
  • slipper1234slipper1234 Registered User Posts: 9,084 Senior Member
    These lists are never perfect, yet the same schools HYPSM Dartmouth always seem to be at the top.
  • danasdanas Registered User Posts: 1,781 Senior Member
    xiggi...
    The "small number of respondents" is 1.2 million. Over 300 schools.
    This is a survey of people with terminal Bachelors degrees only. Of course Johns Hopkins, and schools where a large number of grads go on for more education (Harvard, Swarthmore, etc., etc.) get the shaft in the survey.
This discussion has been closed.