@CalCUStanford . . . those are very impressive statistics for UCB graduates, even if we can’t tell what the total class has done from 2018. The high reportage for majors w/i the study seems to be ~ 60% and the low is ~ 20% or so. I didn’t look too deeply into the site as to what percentage were still looking for employment or if this was just a jobs report of those who did find employment. In anyway it is skewed with respect to salary averages because those who didn’t report were possibly (probably) looking at whatever point the survey was conducted.
There’s one other factor one has to consider: the COL indexes, e.g., in Los Angeles and other more dense population centers v. San Francisco and the Bay in general. Here’s a link from best places dot net:
Here are a few examples.
If we assume that two terminal B.S./B.A. holders from UCLA and UCSD make $100,000 working in banking in LA and SD, respectively, and are eight years on the job, and are contemplating moving to San Francisco, here’s what they would need in compensation for the same standard of living:
$100,000 in LA ==> $156,176 in SF
$100,000 in SD ==> $171,662 in SF
If we switch the example above to B.S. holders in CS, and they make $140,000, eight years on the job, here’s what they would need to move to Palo Alto (I guess I could have made it a cheaper city in Silicon – like Hillsborough or Atherton . . . j/k):
$140,000 in LA ==> $314,454 in PA
$140,000 in SD ==> $345,634 in PA
Let me do one more example to try to be fair to Berkeley and Stanford grads working in the Bay, by comparing salaries in Fremont (East Bay) v. LA and SD – or more that the person living in Fremont commutes by BART to the SF or the South Bay in general. I could use Santa Monica and Point Loma or more expensive places in LA and SD, but the point is there are cheaper areas to live for a just-graduated student for UCLA and UCSD students who work in the areas in which they attended. Wordy… So let’s use $50,000 as the starting salary.
$50,000 in LA ==> $65,069 in Fremont, CA
$50,000 in SD ==> $71,521 in Fremont, CA
So it’s quite evident that the Bay is considerably more expensive and the salaries for Adobe and the Silicon techs (FAANG), whatever, have to pay a premium. I think Google opening up for remote work would probably be a good thing for someone who wants to live in Boise, ID. I don’t know what this employee’s compensation should be though – should it be the same as if they lived in Mountain View?