<p>What a bunch of self-righteous prudes.</p>
<p>If you didn’t want to answer then just ignore the thread. Jesus.</p>
<p>Also, finance is generally only an option to those who went to top schools. Engineering does not open up the doors to finance, going to a top school does.</p>
<p>The average is somewhere just under $60k for entry-level engineers. Naturally, in order to have that average, some people have to get more and some have to get less. $89k isn’t common by any means, but it isn’t impossible either.</p>
<p>As for the finance thing, sure those companies recruit from top schools. However they aren’t recruiting English majors from Harvard, they are recruiting engineers. The engineering degree certainly still plays a role. They like to see the quantitative skills of engineers. I would love to see a business major run a proper orthogonal decomposition to predict market trends. You typically need an engineer for such things. Just because you have to go to a top school o yet into finance doesn’t mean I can’t be counted in the salaries… unless of course you want to say that people who got a crappy job from going to a bad school shouldn’t be counted either.</p>
<p>There are plenty of entry level engineering jobs that are strictly engineering related and pay more than 89k a year.</p>
<p>Homer28, I don’t know about in recent years, but I do know for years when I was at the school they reported a 90+% response rate which is pretty good. Also, yes, while you don’t know which job got which amount of money the titles, companies, and locations are given.</p>
<p>Personally, I think one of the biggest parts of how much you make out of undergrad is where in the country you wind up living. I imagine schools that are recruited by companies in California, DC area, NYC, Boston, and those types of high cost of living regions will have higher starting salaries.</p>
<p>I know one of my friends graduated and went to work at a steel mill in the south, and while she was among the lowest paid of my friends, she was in an extremely low cost of living area unlike people in Silicon Valley, Boston, Philadelphia, Los Angeles, and New York City.</p>
<p>
</p>
<p>What do you consider plenty? How do you know? Do you have a source? Are you just spewing garbage again?</p>
<p>“they aren’t recruiting English majors from Harvard, they are recruiting engineers.”</p>
<p>"You went to Harvard. Then what happened?</p>
<p>So, I’d done a summer internship with Goldman in my third year. Then, after I graduated, I had a month off, and then I started at Goldman in the middle of the summer. There’s a training program; it’s about two months. And then I hit the desk.</p>
<p>What did you study at Harvard?</p>
<p>I focused on history and government and political philosophy."</p>
<p><strong><em>There are a lot of Harvard people at Goldman and they’ve put a lot of effort into recruiting from the school. They really try to attract liberal arts backgrounds.</em></strong></p>
<p>[Ezra</a> Klein - Why do Harvard kids head to Wall Street? An interview with an ex-Wall Street recruit.](<a href=“http://voices.washingtonpost.com/ezra-klein/2010/04/why_do_harvard_kids_head_to_wa.html]Ezra”>http://voices.washingtonpost.com/ezra-klein/2010/04/why_do_harvard_kids_head_to_wa.html)</p>
<p>If there are “plenty” of $89k entry level engineering jobs out there, I guess I better reconsider my stance on engienering. Would you care to tell us where these jobs are?</p>
<p>And yet, that still doesn’t mean you can remove these jobs from the mean.</p>
<p>Investment Banking and the Liberal Arts</p>
<p>Panel presented by Goldman Sachs, October 25, 2006</p>
<p>“Most people in i-banking were liberal arts majors.”</p>
<p>[Career</a> Services, University of Pennsylvania](<a href=“http://www.vpul.upenn.edu/careerservices/college/bankingforliberalarts.html]Career”>http://www.vpul.upenn.edu/careerservices/college/bankingforliberalarts.html)</p>
<p>I’m also interested in what alchemist’s definition of “plenty” is.</p>
<p>There are hundreds of production, drilling, field, reservoir, petroleum engineering jobs for companies such as ExxonMobil, Devon Energy, BP, Aramco, Shell Oil Company, Halliburton, ConnocoPhilips, Chevron, Hess. Plenty of students from Universities like Colorado School of Mines, Texas A&M, University of Alaska, Oklahoma, Louisiana that receive job offers with annual starting salaries above 85k. That doesn’t even include the signing bonuses that most students receive. Signing bonuses can be anywhere from $5k to $15k.</p>
<p>Just look at all the Petro. Eng. average salaries in the following statistics. They are all around or over 85k.</p>
<p><a href=“http://www.spe.org/career/salary_survey/docs/09SalarySurveyHighlights.pdf[/url]”>http://www.spe.org/career/salary_survey/docs/09SalarySurveyHighlights.pdf</a></p>
<p><a href=“http://appl003.lsu.edu/slas/career/cemployersweb.nsf/$Content/LSU+Quick+Facts?OpenDocument&ExpandSection=3,2.8%20#_Section3”>http://appl003.lsu.edu/slas/career/cemployersweb.nsf/$Content/LSU+Quick+Facts?OpenDocument&ExpandSection=3,2.8%20#_Section3</a></p>
<p>[Workforce</a> Info, Economic Information](<a href=“http://laborstats.alaska.gov/cgi/databrowsing/occExplorerQSDetails.asp?menuChoice=occExplorer&geogArea=0201000000&soccode=172171]Workforce”>http://laborstats.alaska.gov/cgi/databrowsing/occExplorerQSDetails.asp?menuChoice=occExplorer&geogArea=0201000000&soccode=172171)</p>
<p>[Survey</a> Results for Texas A&M University Post Graduation Plans<br>Spring 2010 (Generated 07/09/2010)](<a href=“http://careercenter.tamu.edu/guides/reports/WhoHiresMyMajor/2010/spring/Spring2010_Engineering.htm]Survey”>http://careercenter.tamu.edu/guides/reports/WhoHiresMyMajor/2010/spring/Spring2010_Engineering.htm)</p>
<p>[SalaryExpert</a> Cobrand Reports](<a href=“http://www.salaryexpert.com/seco/index.cfm?Action=DisplayNAReport&CobrandID=95&job=1455&zip=&area=700000&I1=View+Data0712.82&start=1176135&len=3120&msgread=1]SalaryExpert”>http://www.salaryexpert.com/seco/index.cfm?Action=DisplayNAReport&CobrandID=95&job=1455&zip=&area=700000&I1=View+Data0712.82&start=1176135&len=3120&msgread=1)</p>
<p>[Petroleum</a> Engineering at Texas A&M](<a href=“http://www.pe.tamu.edu/information/GraduationRates.shtml]Petroleum”>http://www.pe.tamu.edu/information/GraduationRates.shtml)</p>
<p>[Top</a> 10 Degrees in Demand 2010 - Majors Drawing Huge Starting Salaries | Darwin’s Finance](<a href=“http://www.darwinsfinance.com/top-10-college-degrees-2010-best-majors/]Top”>Top 10 Degrees in Demand 2011 - Majors Drawing Huge Starting Salaries)</p>
<p>Average starting salary in Petro Eng. by university:</p>
<p>Texas a&m - 84k
UAF - 96k
LSU - 86k
Mines - 88k
Austin - 85k</p>
<p>Those who decide to work in tough environments such as the Arctic, the desert or offshore will make at least 5k to 10k more than the above stats.</p>
<p>Ex:
North Slope - 99k</p>
<p>Hundreds is very very few, definitely not plenty. There are 1.6 million engineering jobs in the U.S., though I don’t know how many are entry level.</p>
<p>The point is this. If you want to make over $89,000 dollars in engineering and you are interested in the Oil/Gas industry ready to work hard and do well in college then you will not have a problem making that amount.
All you have to do is pursue a degree in Petro. Eng. at one of the well recruited colleges I mentioned.</p>
<p>With oil/gas industry there are more jobs available than the amount of Petro. Eng. graduates, especially in 5 years when 35% of Petro. Eng. are expected to retire. This means finding a decent job for a good student is not a problem.
By the way “hundreds” is only in the US. If you want to work internationally and are open to working around the world then that number rises into the thousands.</p>
<p>Ok, that sounds better. Your first statement would have led people to believe that there are plenty of jobs in civil, chemical, electrical, mechanical, etc. engineering that offered entry level positions at $89k. </p>
<p>I agree that there are SOME positions in a CERTAIN field that offers such a starting salary, but disagree on the PLENTY.</p>
<p>Salary is a contentious issue. I’ve read some companies advise employees not to discuss salaries probably to avoid internal conflicts. At the same time, many people would rather not say how much they earn since (unfortunately) our society still places value on how much money you command. But if one wants to know how much are entry-level engineers are making, just invest some time researching online job boards. I would imagine entry-level engineers have little leverage when it comes to salary negotiations, so it might be safe to assume the salary posted in the job ad will be very close to what the individual will be offered.</p>
<p>[Suggestion]: when formulating these kinds of questions, specify geographical area, industry, etc. I’d rather be making $40k in Raleigh, NC than $80k in NY, NY.</p>
<p>So all those $89k jobs are in petro engineering? You should have said so. Your first post implied that engineers of all majors can just get such a job like that. Well, yes, everyone knows that the oil industry pays very well. I don’t doubt for a second that petro engineering is where the $$$ is. Plus the work generally has to be done on site so you cannot outsource it. However, most states don’t have an active oil industry so you will have to relocate to an oil producing state like Texas, Alaska, and the Gulf states.</p>
<p>Geography plays a huge role. When I was visiting CMU after being accepted for grad school, they had passed out a detailed salary survey of recent graduates. I took a look and thought “wow, this isn’t very impressive at all. this is peanuts compared to elsewhere!” Then I noticed the job was actually in Pittsburgh, which has a pretty low cost of living.</p>
<p>This is not rude at all, because this is an anonymous online forum.</p>