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July 20, 2007

Difference in Earnings by College Degree

The students who made out the best were chemical engineering majors. They earned an average 5.4 percent more than last year, bringing their average to $59,361, according to the survey.

Computer engineering majors were offered $56,201, up 4.8 percent.

Mechanical engineering grads offers' rose 4.6 percent to $54,128. Electrical engineering grads' offers increased by 3.2 percent to $55,292. Civil engineers earned $48,509, up 5.4 percent.

Computer science majors saw salaries rise 4.1 percent to $53,396, while information sciences grads received a 4.6 percent increase to $50,852. (Most expensive colleges.)

The average offer for economics graduates (business/managerial) was $48,483, while finance grads received a mean of $47,239. There is no prior data for these majors because they were grouped together in earlier studies.

Management of information systems majors posted a 4.2 percent increase to $47,648. Marketing graduates averaged $40,161, up 6.1 percent.

Accounting grads' average rose 2.3 percent to $46,718, while business administration and management graduates saw their average rise 3.9 percent to $43,701.

And of course, at the bottom were liberal arts majors.

Political science majors' offers averaged 5.9 percent more at $34,590. English majors' averages rose 5.3 percent to $32,553.

Psychology majors averaged $31,631, up 4.7 percent, while sociology majors earned 3.5 percent more at $32,033.

History majors were offered an average of $33,768, up 3.3 percent.

Story here. Thanks to Carol for the link.

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