Over Supply of CS Grads?

Data10
Wed, 22 May 2024 00:21:57 +0000

AustenNut:

So students may have families that are willing to make incredible sacrifices for their children to attend Cornell (this student’s school) or other Top X schools, but if there is a corresponding expectation to then support the family upon graduation (and in a lifestyle envisioned by FAANG incomes), that is a tremendous burden.

Even among Cornell students, I expect such stories are rare and cherry picked by the author of the article. Cornell has particularly detailed employment stats, which are below. Overall, it looks like a slight decline in employment outcomes since pre-COVID, but far from a dire situation. One noteworthy change is far fewer students worked in SF Bay, and far more worked in NYC. % working for a tech employer also had a significant drop. It would be helpful to know more about the reasons why nearly 1/3 the class chooses to pursue a grad degrees, which is higher than the overwhelming majority of other colleges, including other highly selective ones.

– 2019 –

71% employed

27% grad school – 79% MS / 18% PhD, 70% continuing at Cornell

2% seeking employment

Median salary = $136k (2024 $), +/-1 SD = $109k to $163k

27% in SF Bay, 21% in NYC, 12% in Seattle, 8% in Boston (68% in these 4 cities)

Employer Sector = 58% Tech, 17% Finance, 12% Retail

Most common employers = Amazon (7%), Microsoft (7%), Google (7%)

– Current –

64% employed

31% grad school – 87% MS / 11% PhD, 85% continuing at Cornell

4% seeking employment

Median salary = $135k (2024 $), +/-1 SD = $105k to $165k

38% in NYC, 17% in Seattle, 15% in SF Bay, 7% in Boston (77% in these 4 cities)

Employer Sector = 46% Tech, 22% Finance, 14% Retail

Most common employers = Amazon (14%), Microsoft (9%), Google (4%)