What is Digg?121 Comments
- twrife, on 10/10/2007, -0/+35Who would have thunk it: Smart people make more money.
- 11Heather, on 10/10/2007, -2/+25"That's the good news. The bad news is that graduate starting salaries are still trending down." :-(
Is this because back in the day not everyone had a degree, whereas now having a degree is an entry requirement? Employers are now spoilt for choice. Degrees of 20 years ago are today's MBA's. So we're playing into employers hands by all getting overqualified. - MasterThief117, on 10/10/2007, -1/+23What are you talking about?
It's the LAN down under. - wildfire, on 10/10/2007, -1/+10And live in Ramen-esque poverty after Comic-Con.
- Rhinodog8, on 10/10/2007, -0/+8I would love it work as a Geek, After working some maunal labor jobs i know im not and can't be a laborer all my life
- inactive, on 10/10/2007, -0/+8Wow, I made nothing near that when I graduate with a MS CS....On that note, still make beans compared to others, but I'm doing what I love...
- locodude, on 10/10/2007, -0/+8I hope none of my bosses see this article. It might make them think they're paying us enough (or too much even)...
- Ayradv, on 10/10/2007, -0/+7funny you say that. I've been in the computer industry for a few years, graduate in computer science... and I'm very tempted get under the sunshine and do some physical work for a change
- letdowntourist, on 10/10/2007, -0/+71
4
5
900000000
20139483204902394823098430
The median is 5. - thephosphorbox, on 10/10/2007, -0/+7Yeah, but the dopes who don't know a damn thing are the ones that get the management jobs that pay 5x as much.
Being a geek is great, I love it, but the amount of overpaid incompetence out there is staggering :( - inactive, on 10/10/2007, -0/+6Not in America. In America, it is because of outsourcing and H1-B visas. If there was a real shortage of IT people in the U.S., then salaries would be going up. Instead, they are going down.
- wildfire, on 10/10/2007, -6/+12I'd like to see more English majors to be honest, but apparently there's no market for them. /sarcasm
- bill679, on 10/10/2007, -0/+6...and their hard drives spin the opposite direction.
- undersky, on 10/10/2007, -0/+5pharmd in america (grad from pharm school) get a starting salary at least $70k from places like target, walmart, walgreen, and easily goes above $100K plus bonus and option within 5 years. (i know tons of pharmacists)
- in2thel2ain, on 10/10/2007, -0/+5Actually, geeks don't make the most.
They forgot that people who go into ibanking make about 80K+ coming out of a 4 year university.
And trust me, business people < science/engineering people in terms of geekiness. - duzytata, on 10/10/2007, -0/+5I agree, those numbers can not be correct. I'm iin my second year of Pharmacy school right now and Walgreens is willing to help pay my tuition and start me off at 96k a year if I come and work for them when I get out. 38k? No way...
- datastorageguy, on 10/10/2007, -1/+6Let's all relax and think about this for a second. 68k a year is NOT alot of money. Try to buy a 300k to 400k home (average home), pay off school loans, have a decent car, insurance, groceries, electric bill, gas bill, fuel costs...want to have a girlfriend? yep that's more money.
If you graduate from College making 68k a year you are off on the right track, but it isn't "alot" of money. - idc5, on 10/10/2007, -0/+4Pharmacy grads get 38k? is that before you start your career? because I personally know of someone with a starting base of 110k here in so cal.
- adikt, on 10/10/2007, -0/+4Nurse NY USA: Schooling for RN License - 2 years (4 semesters) @ $1,655.00/semester = $6620 ($8000 if you include fees, books, supplies...etc) Graduate Pay = $69,000/year. Pretty good investment. Be a Geek Nurse! http://img254.imageshack.us/my.php?image=rnsalaryms8.png
- darkphate, on 10/10/2007, -0/+4thats rather interesting. I work for an australian ISP in tech support - fulltime.
after 6months on the job im earning 38k - originally started on abit lower.
I've never been to Uni - didnt actually do year12 (final yr of highschool for those not in Aus). However I did do a Computer Technician course through a private training company here which got me Cert4 in Tech support, MCDST and CompTIA A+ certification - the course took 3months. The cert4 alone would have taken 12 to 18months through TAFE. my next step is to get my CCNA and some experience in working with ubuntu. - undersky, on 10/10/2007, -0/+4i just logged in to tell you how far away from truth your dream is. i worked w/ TONS of post-docs in molecular biology, biochem, genetics, cell bio, etc., and all of them make beans! trust me, getting a doctorate in your field is just the beginning of a very humble life. you can get no job after 5 years in your phd, and yes, phd in bio field takes a long time cuz those damn organism (mice or flies or cultures) don't grow or mate or mutate faster and it's so out of control it's like playing dice. then after you finally get ur phd you are sitll nobody and you have to work 60 hrs a week minimum getting prob $40k a year (mind you, you are at least 27 years old, prob married), and then you have to work like 2~4 years as this lowly post-doc, and PRAY that you will get noticed and published, then you can prob find a job that pays you $70k. it's a sad sad sad life.
btw, if u dont love research, but actually care about making $, you will daily ask yourself why didn't you take that mcat? in conclusion, phd in hard science is NOT for those who love $, but for those who truly love science.
you want a hint? marry someone in med school, they will dig a big phd (the nerdy kinds would at least). i am not kidding, this is wisdom. - MacBrowser, on 10/10/2007, -0/+4Dug for "thunk"
- wildfire, on 10/10/2007, -0/+4Haven't been to Hollywood (or D.C.) I see...
- chrismgtis, on 10/10/2007, -0/+3On the other hand temp. agencies are still screwing us out of the real money. I am a network administrator, phone system admin, etc., for a multi-billion dollar company with locations all over the world and multiple divisions (which I will not name), but I get paid about as much as I would at a help desk since I'm still a temp after 16 months.
- xlent, on 10/10/2007, -0/+3here are the us numbers for those that dont have access to NACE publication
http://money.cnn.com/2007/07/11/pf/college/starting_salaries/index.htm
though no mention of industrial engineers = - idc5, on 10/10/2007, -0/+3Everyone has an undergrad degree nowadays. I guess the trend is also catching on w/ grad degrees
- Miche1987, on 10/10/2007, -0/+3Mean is your typical mathematic average (add all values, divide by the number of values).
Median is the number closest to the middle within the range of values. Different than mean/average.
That is all. Oh, except...
OH MY GOD YOU IDIOT. - nzezelj89, on 10/10/2007, -0/+3Who is this individual working for? that's pretty awesome pay starting.
- jimmiss, on 10/10/2007, -0/+3If 60k or above is your goal, then industrial robotics and/or industrial electronics seems to be a good starting point. it is mine. The only problem is it's extremely hard to find a good school, especially since a 'classical' electronics job lands you a job that pays terribly.
The chemical engineering route is also one of the highest paid however, I just don't have person experience in the field. - evilgoatbob, on 10/10/2007, -0/+3This is highly dependent on where you live. $65K in New York or San Francisco is not the same as $65K in Austin or Orlando is DEFINITELY not the same as $65K in Townsville rural America.
I graduated CS in the sprawling metropolis of Hattiesburg, Mississippi, and moved to bay area California the subsequent summer. The job I was offered in MS paid slightly more than half the job I was offered here, and easily would've garnered me fancier living quarters and a higher percentage of my salary as disposable income.
But have you ever been to Mississippi? - AMD64MM, on 10/10/2007, -0/+3haha. nice
- CuriousDan, on 10/10/2007, -1/+4I misread that as GREEKS....wtf...
- ricksite, on 10/10/2007, -0/+3I think I heard someone mention they start around 85k here in Iowa. Being a pharmacist sounds like a good career.
- poedguy, on 10/10/2007, -0/+3So Australians are irrelevant now?
- EntangledPhysx, on 10/10/2007, -0/+3Thats why starting at a physically labor intensive job is good--gets your ass motived to get in school and bust your ass off. It worked for me =)
- rm999, on 10/10/2007, -0/+3This is in Australian dollars? That is less than USD. 45,000 dollars in Australia is 40,000 dollars in the USA.
- AMD64MM, on 10/10/2007, -0/+3You mean I gave up my life to computers for NOTHING! ... Oh well.
- afruff23, on 10/10/2007, -2/+5Anybody know what makes the most money in the first year after a 4 year bachelor's? I hear it's chmical enginerrign with a median wage of first-year jobs over $60K.
- natmaster, on 10/10/2007, -0/+3In other news, AMERICAN CS grads average 60k starting salary. And that can easily jump to 90-100 with companies like Google, Amazon, and Microsoft.
- Apoy, on 10/10/2007, -0/+3I'm a CS graduate and it makes me think that I am underpaid. Hmm...
- toxigenicpoem, on 10/10/2007, -0/+2Yes salaries continue to decline in America, and our high price of education, is making it worse, because its harder to compete with lower wages, and people who hold equal qualification in another country, and some of them dont even have to pay for college.
- undersky, on 10/10/2007, -0/+2indeed, majors that guarantee the greatest income is medicine, but majors that contain the HIGHEST income potential is business.
highest potential cuz not everyone can make that much, only few could, but those few, oh boy, they can make TONS of money. when i say few, i mean like 20%. so, not that few. ibanking or financial consulting are just starting points, of course they want to make partners or become a fund manager (as a fund manager u can earn true $1B+ annual salary, which is called the alpha club http://dealbook.blogs.nytimes.com/2007/04/24/hedge-funds-robber-barons-or-the-new-financiers/ ). anyway, don't forget entrepreneurs, people who start car washing chain or inventing products can make lots money too. - keithmcbride, on 10/10/2007, -0/+2"Median is the number closest to the middle within the range of values. Different than mean/average."
not if you have a large sample size and assume the values are about normally distributed, then the median is the mean.
any real poll of 1000 people would allow this assumption. any poll with less than 500 people should be considered insufficient - insomniac8400, on 10/10/2007, -0/+2Great just what we needed an article about average pay that barely states it's for australia. At least we now know australians get paid *****.
- datastorageguy, on 10/10/2007, -0/+2I have a BA and make over 80k a year working in the tech industry. Go figure.
- noblepaladin, on 10/10/2007, -0/+2If you take a normal chemical, computer, or electrical engineering job, which usually pays an avg starting salary of 55-60k and factor in all the "overtime" hours that investment bankers put in (60-80 hour weeks), the engineers would also make 6 figures. Also, most investment bankers live and work in New York, where the cost of living is very high (a few of my friends just graduated and going to become IBs, they were looking for apartments in NY and the prices are crazy). So they do get paid very well, but that that much better than engineers. The best thing about IBs is that if you are good at it, you move up very quickly.
- doppenhe, on 10/10/2007, -0/+2Still today the best salaries you can get are in Financial Services, specially investment banking. People in this area are usually starting at 60-70k (pre-mba) and getting bonuses of another 80k on their first year. There is no Investment Banker that I have heard who in their first year makes less than 6 figures.
- smellytim, on 10/10/2007, -0/+2I thought it said geeks get above average play. i had to do a double take.
- rm999, on 10/10/2007, -0/+2You are wrong, median is the standard way of reporting salaries. A few people make a lot of money, and that skews the statistics. For example, if you were to look at the average salary of people who recently graduated from Stanford's computer science graduate program, the mean would be a few million dollars a year, because a few people made billions (Google). The median would probably be around 100,000-150,000, which tells you a lot more.
- thund3rstruck, on 10/10/2007, -0/+2That $200K range is because it's a 12 month contract and requires a security clearance. In any event, $100K positions are plentiful here for us .NET programmers..
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