We have been talking a lot about undergrads going into tech and IB/Banking and the great money they make…this chart reminded me that I know of a few nursing grads (4 year degree) from top nursing programs in the NE starting in the mid 90’s right out of college. The long term earning potential might not be as high as some other fields, but still not a bad place to start. Such a great career path with a lot of perks/flexibility, I wish one of my own kids would have considered it.
Nurses at Stanford Hospital smack in Silicon Valley start at $52-55/hr. They pretty much only recruit from the top schools for nursing - UCLA, UCSF, John Hopkins make up a lot of the recruits. It’s potentially a lot of physical work at times.
Other places in Silicon Valley pay very well as well, though I’m not sure how much entry level start at. My next door neighbor’s daughter went to UCI as a Bio major, didn’t get into medical school, took a year or two to study nursing and now she’s got a great position, probably in the $120-130K range. Let’s see, my kid was in 4th grade when she graduated from HS, so that makes her around 26 now? Not bad. There are some nurses who live out East who fly back and forth here every couple of weeks to work, so it must be pretty lucrative.
That’s great to hear. It’s an admirable profession. A lot of hard work, for sure. And very meaningful. They deserve to make a lot. My son is very interested in science and I am trying to get him to consider nursing, but I am not making much progress.
A profession that is starting to become very hot, if it isn’t already, is Nursing Informatics. Combines nursing with technology. Schools offer it as a Graduate program for the most part. There’s a huge nursing conference going on this week in Denver and so many booths are filled with universities recruiting for Nursing Informatics.
I must be in the other 10%. I thought of this thread because, in ten minutes, I am interviewing a cum laude graduate from Barnard, with her Masters from Columbia. Her degrees made her resume rise to the top of the pile.
Similarly, last week I interviewed a Fulbright scholar. Why did I choose to interview her? She was a Fulbright scholar!
Intelligence matters.
As I have written before, the degree only gets you the interview. But from there, the interview and especially the demonstration lesson are stronger determinants of whether you will be hired. I always will hire someone from a low ranked college who connects well with students and who teaches an effective lesson above someone with a shiny degree who does not have that “magic” in the classroom.
But isn’t $120k-130k only about half of the income of the self-described “donut hole” upper “middle class” people who complain about cost of living and taxes being too high so that they cannot afford to save much for their kids’ college costs for which they will not get financial aid for?
Impressive fact bit. What kind of skill, practical skill the student bring that starting salary is 200K-300K, I am guessing “quant”? Are they very high-pressure job with associated insecurity and anxiety?
Private equity is not “quant”. Private equity companies include Bain and Blackstone, whereas quant are companies include Jane Street and DE Shaw. Both types pay well, but the skill sets are very different.
Also if anyone wants to see the actual names of the top 25 schools and percentages in terms of the new class of ib analysts by firm- Look to wso. Lots of data there can be found.
All of these schools are only 1 to 5 percent of an incoming class at any given firm each year. “schools that are often considered semi-targets for Wall Street are actually in the top 10 of total placement.”
This part of an article is helpful.
“Out of more than 440 schools that are represented in the WSO data, NYU, Harvard, Cornell University, University of Pennsylvania, and Columbia University have the highest distribution percentages for graduates represented in large Wall Street firms, soaking up more than 15% of the overall distribution of recruitment and hiring from bulge bracket banks. This extends to more than 25% when you widen the scope to the top 10 schools.”
Or in other words. 75 percent of Placements each year come from outside of the top 10 feeders. At least by wso data.
“NYU is particularly strong at Barclays Capital, Harvard at JPMorgan, Cornell at Goldman Sachs, UPenn at Credit Suisse, and Columbia at JPMorgan and UBS. Where you don’t see NYU as heavily saturated is Deutsche Bank. Cornell, the University of Texas at Austin, Boston College, and Georgia Tech have the highest percentages of graduates there.”
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