Average Starting Salaries of M.S. and PhD

Colleges & Universities Massachusetts Institute of Technology
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<p>I’m currently doing my undergrad in mechanical engineering at Georgia Tech and am hoping I will get into MIT for M.S. But I’m someone who might want to stick with academia for the rest of my career. However, I might get a MBA after working for 2-3 years after my M.S. because of money and like the life of being in the industry. So I wanted to get a fair idea how much a person with a M.S. (without PhD) and PhD from MIT might earn, knowing graduates from MIT will prolly earn the most. Do you guys know average starting salaries for graduates from MIT with these degrees in engineering in general.</p>

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<p>[Salary</a> Survey - MIT Careers Office](<a href=“http://web.mit.edu/career/www/salary/05summary.html]Salary”>http://web.mit.edu/career/www/salary/05summary.html)</p>

<p>According to the salary survey, the mean base starting salary of an MS in mechanical engineering was about $75,000, and the base for a PhD was about $86,000, in 2005. Note that the estimates are quite quirky since they include those both looking for good starting salaries and those that aren’t; for example, someone with a PhD might turn down a lucrative option in industry for a postdoc! I’m also not sure how badly response bias is affecting these.</p>

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<p>That link is a bit old, this one is more recent. </p>

<p><a href=“http://web.mit.edu/career/www/infostats/graduation08.pdf[/url]”>http://web.mit.edu/career/www/infostats/graduation08.pdf&lt;/a&gt;&lt;/p&gt;

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<p>They also include those who take non-engineering jobs, as some MIT grad engineering students are wont to do. Career sin management consulting and finance, which some MIT mechanical engineering grad students choose to enter, pay substantially more than do engineering jobs.</p>

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<p>Thanks Sakky.</p>