<p>LSA’s probably in the mid 40’s, though i’d imagine it varies a ton by major (ex: you can get a cs degree from lsa, which is obviously much higher while something like anthropology would be lower).</p>
<p>bearcats, if by “close to nothing” you mean “close to if not equal the median household income for the US,” then yes, that is close to nothing</p>
<p>Anyone know how much more you would make with a CS degree from engineering, than a CS degree from LSA? In other words, Bachelor of Engineering vs. Bachelor of Science.</p>
<p>I thought QwertyKey questions were interesting:
</p>
<p>When Alexandre estimated that LSA average starting salary may be around 55K, Ross and Engineering near 60-65K… I question if you could specifically look at those majored in Econ starting salary would it be near those of Ross and Engineering? Since LSA does have many majors where their career starting salary can be extreme low.</p>
<p>i wasn’t trying to hurt your feelings or anything, but i’ve seen how you tell people on this board that you don’t spend a lot of time proofreading, but why don’t u? </p>
<p>I’m not talking about misspelling a few words, some of your posts aren’t even legible. thats embarassing, if not a waste of your/our time to read something that poorly written.</p>
<p>bearcats…What state are you working in? And I assume you are still a resident of whatever (east coast?) state…won’t you still have to pay income tax in your state of residency at the end of the year? Why was your bonus taxed at 40%? My bonus was just called a “relocation” bonus and taxed at the standard income tax rates. (Note: If your home state has different income tax laws, you’ll probably be able to claim that bonus tax against your state income taxes.)</p>
<p>And how are you finding it so hard to live on that wage (as a college student)? I live in a very low cost area, but on identical after-tax salary, it has been extremely easy to get by. I’m interested to know where you are since it seems your cost of living must be several times greater than where I’m located.</p>
<p>I have another question for you bearcats: what kind of internship do you have that you’re making that much money in? Is it an engineering internship or something to do with finance (because you seem to be interested in that too)? Just curious.</p>
<p>@ dsmo
Houston…one of the more expensive areas.</p>
<p>@ krw
finance…index desk</p>
<p>bearcats–you have a very warped understanding of most of the world. Most UM grads will NOT work in finance or even in business. Many will go to services and the public sector. Those jobs pay much less with starting pay in the $25-$35 K range. Same for teachers and the like. For example UM is a top sender to Teach for America. Here’s what they say about pay–and TFA is VERY hard to get into.</p>
<p>"Salaries
While beginning teacher salaries vary by district, corps members generally find that they can live comfortably regardless of their placement site. Corps members teaching in urban sites typically have higher salaries, starting at $30,000 and reaching a high of $47,000. Corps members in rural sites, who make between $27,000 and $45,000, tend to have more discretionary income because the cost of living is disproportionately lower in these sites. Beginning teachers with advanced degrees often earn higher salaries, so applicants with a master’s degree and/or a Ph.D. can expect salaries that, in some cases, exceed these ranges.</p>
<p>“Here’s what they say about pay–and TFA is VERY hard to get into.”</p>
<p>TFA is a feeder to ibank, consulting and PE jobs if you havnt noticed. Probably the worst example you could pick. Most people (and I am sure some do) dont do it for the career in teaching.</p>
<p>Nor do most go into IB or consulting. Many more go to grad school than into IB. According to an earlier NYT article about half TFA grads stay in education. Feel free to add any other jobs you can find. UM has no records for non biz/eng majors so it’s hard to determine. This is one concrete example I could find. You go out and do better.</p>
<p>Found the data–you are way wrong. And arrogant. </p>
<p>[PDF] Alumni Social Impact ReportFile Format: PDF/Adobe Acrobat - View
More than two-thirds of Teach For America alumni are currently … report that they are supporting Teach For America’s mission through career, philanthropy, …
<a href=“http://www.teachforallnetwork.org/ASIR.FINAL.Color.pdf[/url]”>www.teachforallnetwork.org/ASIR.FINAL.Color.pdf</a></p>
<p>Yea…way to manipulate the data if you have “stay in education” include going to grad school, which obviously include the popular MBA programs that people leverage for lucrative careers.</p>
<p>“Among the 67 percent of alumni working or studying full-time in education, half are teachers.”
That means half arent.
Do you know how many kids go to HBS or other M7 right out of their TFA stint and head to their lucrative field a year? My uncle read 4 resumes just from HBS who did TFA before heading to HBS. That’s just for HBS. 4 resumes for a firm from one tiny HBS class. That is ONLY one office of Mckinsey. </p>
<p>Most Popular Graduate Schools
Business
Harvard University
Stanford University
Yale University
Northwestern University</p>
<p>Not counting grad school, 20% alone went into Med, Law, Business. That’s quite a significant number for a “teaching/social service program” isnt it</p>
<p>“studying full-time in the field of education” doesn’t include hbs and other business schools</p>
<p>And, you listed the most popular business schools, not most popular graduate schools. That’s a big difference when only 4% go into business.</p>
<p>not everyone dreams of working finance like you do, bearcats.</p>
<p>going to business school is not included into the going into business portion, but rather lumped into the “going into education” portion…which is what I am talking about… and most people at a quick glance would assume that they are actually going into education as in teaching…that’s just a statistical manipulation…</p>
<p>In any rate, I look at college education as an investment. making 40k after spending so much money on college (you are lucky if you are in state) is a fail-ish ROR</p>
<p>you’re terrible at reading charts. if your interpretation was correct, how do you reconcile the 67% figure from “alumni by sector” with the “alumni in education” part. The latter is a breakdown of the what that 67% is doing. Attending business school is not one of these things.</p>
<p>Regardless, most of the return on college investment isn’t able to be measured in dollars or starting salary, for most people at least.</p>
<p>I’d rate bearcats ROI for his education so far FAIL. I hope he does better analysis on the stock charts.</p>
<p>sure I admit I misread.
I read it as “Among the 67 percent of alumni working or studying full-time, half are teachers” while skimming.
That doesnt change the fact that more than 20% end up in the traditionally lucrative fields, business, law, med, and to certain extent, politics. Don’t you think that’s a little high for a teaching/social service program?</p>
<p>“The information in this report is based on self-reported data as of April 2007 and represents more than 57% of our alumni network.”</p>
<p>Dont you thinks there’s self-report bias? wouldnt you agree that teachers would tend to report their employment in education vs a person who got his butt in Ibank/MBB/PE and could care less about the program?</p>
<p>
17% < 20%. really now bearcats, aren’t you an engineer or something? gotta get your math right</p>
<p>and self-report bias? now you’re reaching to try to prove your point, though i’m not entirely sure what your point is.</p>
<p>I included politics</p>
<p>Self-repot bias: My point is, people who care about the program, like those who end up being teachers after completing the program would care more about reporting their employment than people who go through the program to buff the resume for lucrative careers, because they dont give a damn in first place?</p>
<p>Self reported data that represent 57% is hardly good data. Golden rule is, 50%+ for random survey or 80%+ for self-reported to significantly represent any trends. (holy crap i actually learned something from Gary Herrin’s class)</p>
<p>including that wouldn’t really fit with your point though. going from a social service program into politics isn’t really much of a stretch, as in an ideal world, politicians are motivated by a love of social service.</p>
<p>also:
no, i wouldn’t. please elaborate.</p>
<p>“as in an ideal world, politicians are motivated by a love of social service.”</p>
<p>tell obama…well bad example…he’s a pinko commie… he loves to spread the wealth… but “in an ideal world” … sure</p>