<p>In my major at my school, a 3.3ish is the 66th percentile for the senior class - obviously it changes slightly from semester to semester. However, if you think about it logically and make an assumption that the distribution is aprx normal you would bet that over half of the senior class graduates with below a 3.0 GPA. Now, if over half of the class doesnt get a job - something is VERY wrong! I dont know too many people who would take the risk of going to engineering school with those figures. </p>
<p>Like some others said, the 3.0 cutoff tends to go along with the well known companies. However, even the lesser known companies are going to have salaries that dont have a whole heck of a lot of variation from the larger firms. In fact, I would say that salaries are mostly dependent on the industry you go into. And I would also say that at a decent engineering school about 85-90% of students end up with a job offer.</p>