Most lucrative degrees for college grads
Survey finds best job market in 4 years, with most college majors seeing salary growth and some students receiving multiple job offers.
By Rob Kelley, CNNMoney.com staff writer
October 27 2006: 12:42 PM EDT
NEW YORK (CNNMoney.com) -- Employers continue to boost starting salaries for the Class of 2006, which is enjoying the strongest job market in four years, according to a recent survey.
The biggest beneficiaries are graduates who majored in information sciences and systems: they are taking home 7.5 percent more than they did last year, according to the Fall 2006 edition of Salary Survey, a quarterly report by the National Association of Colleges and Employers (NACE).
Quiz Take the quiz
Will you succeed in your new job? Whether you're changing positions mid-career or starting your first real job out of college, new hires face common pitfalls. Do you know how to avoid them?
1. Five minutes from now, you will step on to an elevator whose only other passenger is your company's CEO, whom you haven't met before. You are most likely to:
Be completely tongue-tied and say nothing.
Introduce yourself and give a 30-second summary of the work you're doing and why you're excited about it.
Chat about the weather.
Employers have made a strong effort to attract college seniors and new grads through on-campus recruiting, career fairs, information sessions, and intern and co-op recruiting, according to NACE.
Top 50: Companies with most entry-level jobs for grads
"These salary increases combined with the results of a recent poll of Salary Survey participants indicate that 2005-06 has been the best job market in the past four years," said NACE executive director Marilyn Mackes in a statement.
According to the survey, majors that have seen some of the biggest increases in average starting salaries are:
Information sciences and systems: Up 7.5 percent to $47,182
Economics/finance: Up 6.2 percent to $44,588
Civil engineering: Up 5.3 percent to $46,084
Chemical engineering: Up 4.9 percent to $56,269
Accounting: Up 4.6 percent to $44,928
Business administration/management: Up 4.2 percent to $41,155
History: Up 4.2 percent to $33,071
For others, modest increases, some declines
Other majors also experienced slightly higher entry-level offers, but the increases from last year's offers didn't outpace inflation.
Mechanical engineering: Up 3.3 percent to $51,732
Electrical engineering: Up 2.9 percent to $53,500
Psychology: Up 1 percent to $30,369
Computer science: Up 0.3 percent to $50,744
Political science and government: Up 0.3 percent to $33,094
And in a few cases, starting offers actually declined. This was true for a few of the liberal arts majors, which only saw a 0.2 percent increase overall as a category.
English: Down 0.2 percent to $31,385
Sociology: Down 0.9 percent to $31,096
100 Top MBA Employers
Student loans: A life sentence
Where the (best) 6-figure jobs are
http://money.cnn.com/2006/10/27/pf/college/lucrative_degree/index.htm?postversion=2006102712
Most lucrative degrees for 2007 grads
Marketing, business administration and engineering students see the biggest increases in average starting offers.
By Jeanne Sahadi, CNNMoney.com senior writer
February 8 2007: 1:24 PM EST
NEW YORK (CNNMoney.com) -- With less than four months to go before saying sayonara to the quad for good, the class of 2007 is finding it easier than recent classes to get their foot in the work world.
Employers have said they expect to hire 17.4 percent more college grads than they did last year, and in many instances they plan to pay them more, too, according to a survey released this week by the National Association of Colleges and Employers (NACE).
The students faring the best are marketing and business administration majors.
The average starting offer for seniors majoring in marketing is up 14 percent from last year to $41,323.
Those majoring in business administration are seeing a 9.2 percent jump to $43,523 in average starting salaries.
Others who are seeing pay increases, albeit some far more modest than others, are seniors majoring in:
Mechanical engineering: Up 7.7 percent to $54,587
Chemical engineering: Up 7.4 percent to $60,054
Management information systems: Up 5.5 percent to $46,568
Civil engineering: Up 4.8 percent to $47,145
Electrical engineering: Up 3.2 percent to $54,599
Computer science: Up 2 percent to $51,070
Accounting: Up 1.7 percent to $46,508
There are no prior year comparisons for two majors because in prior NACE surveys they were grouped together as one. However, based on prior years' average starting offers in the category (in 2006 it was $45,191), NACE characterized these average starting salaries as "respectable."
Finance: $47,905
Economics: $51,631
There have been slight decreases in the average starting salary offers for just a few majors, but NACE notes that given that it's still early in the hiring season and the job market is strong for college grads, salary offers may improve in the next few months:
Logistics/Materials management: Down 1.8 percent to $43,294
Liberal arts (including psychology, political science history, English): Down 1.1 percent to $30,502
SAVE | EMAIL | PRINT | | REPRINT
http://money.cnn.com/2007/02/08/pf/college/lucrative_degrees_winter07/index.htm
Showing posts with label Salary. Show all posts
Showing posts with label Salary. Show all posts
Saturday, March 10, 2007
College Presidents With Huge Paychecks
Highest paid college presidents
The Chronicle of Higher Education finds increase in the $500K group is strongest at public universities.
By Jeanne Sahadi, CNNMoney.com senior writer
November 20 2006: 9:47 AM EST
NEW YORK (CNNMoney.com) -- Running a university or college can make for 20-hour days and intense pressure to please a long list of factions from donors, board members and alumni to faculty, students and parents.
But the job is well paid.
(or part of name)
OR
----------- state ------------AlaskaAlabamaArkansasArizonaAmerican SamoaCaliforniaColoradoConnecticutDistrict of ColumbiaDelawareFloridaFederated States of MicronesiaGeorgiaGuamHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMarshall IslandsMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkNorthern Mariana IslandsOhioOklahomaOntarioOregonPennsylvaniaPalau IslandPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontVirgin IslandsWashingtonWisconsinWest VirginiaWyoming
In its annual survey, the Chronicle of Higher Education found that 112 chiefs pulled down at least $500,000 among 853 public and private schools. That's up from 73 last year.
The jump was most pronounced among public university presidents -- 42 of whom earned at least $500,000, nearly double the 23 counted last year. A large portion of public-university leaders' compensation comes from public coffers such as taxpayer money and federal grants, while the rest may come from fundraising, tuition and other private sources.
Last year, compensation at private colleges broke the $1 million barrier for the first time, with 5 presidents earning at least that amount - there was no change in the number this year.
At public universities, the biggest compensation package fell just shy of the million-dollar mark. The University of Delaware's David Roselle earned $979,571 in pay and benefits. His base salary -- $729,054 -- is also the highest among public university leaders.
No. 2 on the list -- Martin Jischke of Purdue University, who made $880,950 in pay and benefits -- had the distinction of earning the biggest bonus ($400,000) among his peers on the list.
10 most expensive colleges
Jischke's bonus alone tops the compensation of the majority of public university presidents, who earn between $300,000 and $399,000, according to the Chronicle.
Of course, some of the folks who made the list of top 10 highest paid leaders at public and private schools had unusually large payouts because they were collecting deferred compensation -- such as Audrey Doberstein, who recently retired from Wilmington College. The majority of her $2.7 million package was retirement pay that she earned during her 26-year tenure.
The growth in college executive compensation is compared by many to the trend in corporate executive compensation and to a move toward a business model in the running of universities, for better or worse.
Patrick Callan, president of the National Center for Public Policy and Higher Education, told the Chronicle that at public universities the move toward higher pay can erode public confidence, especially when highly paid presidents make a plea for more state money.
Below are lists of the top 10 highest paid leaders at public universities, private research universities and private baccalaureate colleges.
Top 10 highest paid leaders of public universities
Leader Institution Total compensation
2006-2007
David P. Roselle University of Delaware $979,571*
Martin C. Jischke Purdue University $880,950
Mark A. Emmert University of Washington $752,700
J. Bernard Machen University of Florida $751,725
Mary Sue Coleman University of Michigan system $742,148
Mark G. Yudof University of Texas system $741,894
Carl V. Patton Georgia State University $701,524
M. Roy Wilson University of Colorado at Denver $697,500
John C. Hitt University of Central Florida $684,000
John T. Casteen University of Virginia $677,980**
Source: Chronicle of Higher Education
*For 2004-05
**For 2005-06
Top 10 highest paid leaders of private research universities
Leader Institution Total compensation
2004-2005
Audrey K. Doberstein Wilmington College (Del.) $2,746,241*
E. Gordon Gee Vanderbilt University $1,171,211
Jefrrey S. Lehman Cornell University $1,004,034*
Shirley Ann Jackson Rensselaer Polytechnic Inst. $983,365
Aram V. Chobanian Boston University $945,654*
Harold J. Raveche Stevens Institute of Technology $917,538
Constantine N. Papadakis Drexel University $886,279
Benjamin Ladner American University $881,696*
William R. Brody Johns Hopkins University $837,016
John E. Sexton New York University $798,989
Source: Chronicle of Higher Education
*Stepped down
Top 10 highest paid leaders of private baccalaureate schools
Leader Institution Total compensation
2006-2007
Roger H. Hull Union College $1,024,652*
Frances D. Ferguson Vassar College $593,548*
Daniel F. Sullivan St. Lawrence University $551,643
Diana Chapman Walsh Wellesley College $513,401
Russell K. Osgood Grinnell College $512,445
William E. Troutt Rhodes College $511,200
John A. Fry Franklin & Marshall College $485,368
Morton Owen Schapiro Williams College $478,837
Douglas J. Bennet Wesleyan University (Conn.) $478,744
Larry P. Arnn Hillsdale College $473,415
Source: Chronicle of Higher Education
*Stepped down
http://money.cnn.com/2006/11/20/pf/college/college_president_pay/index.htm?postversion=2006112009
The Chronicle of Higher Education finds increase in the $500K group is strongest at public universities.
By Jeanne Sahadi, CNNMoney.com senior writer
November 20 2006: 9:47 AM EST
NEW YORK (CNNMoney.com) -- Running a university or college can make for 20-hour days and intense pressure to please a long list of factions from donors, board members and alumni to faculty, students and parents.
But the job is well paid.
(or part of name)
OR
----------- state ------------AlaskaAlabamaArkansasArizonaAmerican SamoaCaliforniaColoradoConnecticutDistrict of ColumbiaDelawareFloridaFederated States of MicronesiaGeorgiaGuamHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMarshall IslandsMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkNorthern Mariana IslandsOhioOklahomaOntarioOregonPennsylvaniaPalau IslandPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontVirgin IslandsWashingtonWisconsinWest VirginiaWyoming
In its annual survey, the Chronicle of Higher Education found that 112 chiefs pulled down at least $500,000 among 853 public and private schools. That's up from 73 last year.
The jump was most pronounced among public university presidents -- 42 of whom earned at least $500,000, nearly double the 23 counted last year. A large portion of public-university leaders' compensation comes from public coffers such as taxpayer money and federal grants, while the rest may come from fundraising, tuition and other private sources.
Last year, compensation at private colleges broke the $1 million barrier for the first time, with 5 presidents earning at least that amount - there was no change in the number this year.
At public universities, the biggest compensation package fell just shy of the million-dollar mark. The University of Delaware's David Roselle earned $979,571 in pay and benefits. His base salary -- $729,054 -- is also the highest among public university leaders.
No. 2 on the list -- Martin Jischke of Purdue University, who made $880,950 in pay and benefits -- had the distinction of earning the biggest bonus ($400,000) among his peers on the list.
10 most expensive colleges
Jischke's bonus alone tops the compensation of the majority of public university presidents, who earn between $300,000 and $399,000, according to the Chronicle.
Of course, some of the folks who made the list of top 10 highest paid leaders at public and private schools had unusually large payouts because they were collecting deferred compensation -- such as Audrey Doberstein, who recently retired from Wilmington College. The majority of her $2.7 million package was retirement pay that she earned during her 26-year tenure.
The growth in college executive compensation is compared by many to the trend in corporate executive compensation and to a move toward a business model in the running of universities, for better or worse.
Patrick Callan, president of the National Center for Public Policy and Higher Education, told the Chronicle that at public universities the move toward higher pay can erode public confidence, especially when highly paid presidents make a plea for more state money.
Below are lists of the top 10 highest paid leaders at public universities, private research universities and private baccalaureate colleges.
Top 10 highest paid leaders of public universities
Leader Institution Total compensation
2006-2007
David P. Roselle University of Delaware $979,571*
Martin C. Jischke Purdue University $880,950
Mark A. Emmert University of Washington $752,700
J. Bernard Machen University of Florida $751,725
Mary Sue Coleman University of Michigan system $742,148
Mark G. Yudof University of Texas system $741,894
Carl V. Patton Georgia State University $701,524
M. Roy Wilson University of Colorado at Denver $697,500
John C. Hitt University of Central Florida $684,000
John T. Casteen University of Virginia $677,980**
Source: Chronicle of Higher Education
*For 2004-05
**For 2005-06
Top 10 highest paid leaders of private research universities
Leader Institution Total compensation
2004-2005
Audrey K. Doberstein Wilmington College (Del.) $2,746,241*
E. Gordon Gee Vanderbilt University $1,171,211
Jefrrey S. Lehman Cornell University $1,004,034*
Shirley Ann Jackson Rensselaer Polytechnic Inst. $983,365
Aram V. Chobanian Boston University $945,654*
Harold J. Raveche Stevens Institute of Technology $917,538
Constantine N. Papadakis Drexel University $886,279
Benjamin Ladner American University $881,696*
William R. Brody Johns Hopkins University $837,016
John E. Sexton New York University $798,989
Source: Chronicle of Higher Education
*Stepped down
Top 10 highest paid leaders of private baccalaureate schools
Leader Institution Total compensation
2006-2007
Roger H. Hull Union College $1,024,652*
Frances D. Ferguson Vassar College $593,548*
Daniel F. Sullivan St. Lawrence University $551,643
Diana Chapman Walsh Wellesley College $513,401
Russell K. Osgood Grinnell College $512,445
William E. Troutt Rhodes College $511,200
John A. Fry Franklin & Marshall College $485,368
Morton Owen Schapiro Williams College $478,837
Douglas J. Bennet Wesleyan University (Conn.) $478,744
Larry P. Arnn Hillsdale College $473,415
Source: Chronicle of Higher Education
*Stepped down
http://money.cnn.com/2006/11/20/pf/college/college_president_pay/index.htm?postversion=2006112009
Subscribe to:
Posts (Atom)