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<p>Well, this probably won’t make you feel better, but in 2007, the average reported salaries for chemical engineers at MIT was only 58k, which was actually lower than the national average of $59.3k for starting salaries of ChemE’s nationwide in 2007. That’s right, lower. Nor was the sample size particularly small, with 24 data points. Now is it likely attributable to location, as Massachusetts (and the general Northeast) tends to be a fairly expensive and hence high-paying region of the country. Again, this ain’t some scrub school we’re talking about here, this is MIT. </p>
<p>[College</a> grads see higher starting salaries this year - Jul. 12, 2007](<a href=“http://money.cnn.com/2007/07/11/pf/college/starting_salaries/index.htm]College”>College grads see higher starting salaries this year - Jul. 12, 2007)</p>
<p><a href=“http://web.mit.edu/career/www/infostats/graduation07.pdf[/url]”>http://web.mit.edu/career/www/infostats/graduation07.pdf</a></p>
<p>I believe this all gets down to a point that I’ve made before on other threads: that, with the possible exception of EE/CS, there seems to be very little salary premium associated with engineering jobs from graduating from a top engineering school. Granted, the type of employers do matter, as the ‘top’ engineering companies tend to recruit only at the top schools; but the sad truth is that those ‘top’ engineering companies don’t really pay much more than the mediocre engineering companies, and in many cases, may actually pay less. (which begs the obvious question of what really makes them the ‘top’ engineering companies). Incidentally, I am convinced that this is why so many engineering students from top schools such as MIT decide not to take engineering jobs, but instead decide to enter more lucrative fields such as consulting and finance. After all, why work hard to slash your way through the MIT’s extremely difficult ChemE program, only to end up with a lower than average ChemE salary?</p>