NEW YORK (CNNMoney) —The school’s name may be Mudd, but its diplomas pay off like gold.
A decade into their careers, graduates with a bachelors degree from Harvey Mudd College, earned an average of $143,000 a year, making them the highest paid graduates of any school in the nation, according to an annual survey by PayScale that tracked salary trends for graduates of 1,016 U.S. colleges and universities.
Like many of the other schools topping PayScale’s list, Claremont, Calif.-based Harvey Mudd college has a strong presence in the STEM (science, technology, engineering and mathematics) studies, all fields that pay well post-graduation, said Katie Bardaro, PayScale’s lead economist.
Filling out the rest of the top 10 were the United States Naval Academy, California Institute of Technology, Stevens Institute of Technology, Babson College, Princeton University, the United States Military Academy (at West Point), Stanford University, Harvard University and Brown University.
Graduates from these schools earned an average mid-career salary of $124,300, up 1.5% from last year. Ivy Leaguers, with their tight alumni networks and prestigious reputations among recruiters, and engineering school grads were the highest earners of this group, PayScale found.
The highest starting salaries were claimed by graduates of the U.S. Naval Academy and West Point at $77,100 and $74,000, respectively. But those figures were typically for jobs taken after grads served five years of required military service post-graduation, said Bardaro. Also boosting pay: Military academies typically feature strong engineering programs, and grads can gain crucial work experience during their service years, she said.
Outside the military, graduates from Harvey Mudd earned a starting average salary of $73,300, while Massachusetts Institute of Technology grads earned $68,600.
The lowest mid-career salaries were earned by graduates at several campuses of for-profit University of Phoenix, as well as Shaw University in Raleigh, N.C., Alabama-based Faulkner University and Bethel University in Tennessee, according to PayScale. Graduates of the bottom 10 schools on PayScale’s list earned an average salary of $45,240 10 years into their careers.
Which majors pay off?
Spurred on by the energy exploration boom, petroleum engineers were the most highly paid, according to PayScale. Ten years into their career, these engineers earned an average of $160,000, 33% higher than the next highest degree — actuarial mathematics, which earned an average of $120,000 a year.
Filling out the top five majors were nuclear, chemical and aerospace engineering degrees. Of the 15 highest paid majors, only one, government, didn’t fall into one of the STEM categories.
Grads with degrees in child and family studies earned the lowest average pay, at $37,000 a year,10 years into their careers, followed by elementary education ($45,300) and social work ($46,600).
Money isn’t everything, of course, and PayScale also asked respondents if their jobs were meaningful, that is, whether “they make the world a better place.”
Nurses ranked their job the most meaningful, while those in special education, medical technology and sports medicine also rated their jobs highly.
Meanwhile, a small percentage of workers in film production, fashion merchandising, fashion design and advertising felt their job was meaningful.
There was little correlation, however, between how meaningful a job is and job satisfaction. “Job satisfaction is more tied to salary,” she said.
Basically, PayScale found: the more money people make, the better they like their job.
The PayScale survey collected responses from 1.4 million workers and reported findings only from those with bachelor’s degrees — not advanced degrees — employed full-time in civilian jobs in the United States. It ranked schools by the median salary earned by graduates at least 10 years into their careers and by starting salaries.
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The attached transcript provides startling statistics that amplify the importance of the 12-month follow-up period for graduates and non-graduates in the Class of 2013. Our non-graduates need help in completing requirements for a high school diploma or a GED. Graduates, however, need help in securing employment in entry-level jobs that lead to career advancement opportunities. Hopefully, the following excerpts will encourage you to read the entire transcript and to share it with your colleagues. For teens to find a job in this market, they need considerable classroom training and as much employer marketing, job development, networking, and placement services as time permits. Read Dr. Sum’s comments and identify those strategies that will overcome a workplace that has not been receptive to teen applicants.
* Over the last 13 years, the United States, for everybody under the age of 57, you are less likely to be working today than you were in 2000, and everybody over 57 is more likely to be working.
* The younger you are, however, the more likely it is that you got thrown out of the labor market.
* So young people have been basically thrown out of manufacturing, construction, transportation, utilities, information services, professional services.
* So young kids are basically confined to three sectors: fast food, retail trade, and things like you were talking about, the lifeguard, entertainment industry.
* The less you work when you’re 16, 17, 18, the less you work when you’re in your late teens and early 20s. This is called “path dependency”.
* The less you work, when you go to get a job, Jeremy, the employer is less likely to train you because he doesn’t trust you.
* The more experience you bring to the job the better paid you are.
* People who manage to work are far less likely to get involved in criminal activity, delinquent activity, far less like likely to be dependent on the government to support themselves.
* The more employable you are, the more taxes they pay, the fewer transfers they receive.
* If you’re a low-income kid, you are the least likely to work in the summer, and if you are a low-income black kid, the likelihood you work in the summer is only like about six to seven percent.
* The lower income you are, the less likely you live in a family with mom and dad that work, the less likely you are to work.
* The higher your income, until you get to the very top, the greater is the likelihood that you work.
* How do you and I develop good soft skills? By working. And if we don’t work, you can’t develop it. But if you don’t develop good soft skills, you lack the communications skills, learning how to get along.
* We created 225,000 jobs last month for everybody. Do you know how many teens got? Zero. In the last – since the end of 2009, we’ve created five and a half million jobs in this country. Do you know how many teens – how many of those jobs teens got? Minus 44,000, first time ever kids have gotten not one of the jobs we’ve generated since we began to recover from the recession in 2007.
Jim Koeninger, Ph.D.
Jobs for America’s Graduates
National Center for Evidence-Based Practices
Over the 35-year period between 1975 and 2010, the rate of immediate college enrollment after high school ranged from a low of 49% in 1979 and 1980, to a high of 70% in 2009. The significant part of this increase occurred most recently from 2001 to 2009. (NCES)Post-secondary preparation is pertinent to the success of the high school graduate. While many students may say that they started off high school a little weak, there are many more that are starting high school strong; with a graduation plan in action as freshmen.
School administrations typically provide information on post-secondary options through educational institutes visits, post-secondary informative materials and planned college visits. A student’s grades and test scores (i.e. SAT or ACT) may narrow the options for a graduating student if it’s not up to par for entry into a college/technical program. Continuous monitoring of grades by educators, administrators, counselors, and parents through ninth to twelfth grade can prevent many students from being discouraged to attend college. In the state of Florida, programs such as FACTS.org and Florida Virtual Campus offer comprehensive programs to guide high school students in career planning. Both programs aid in the areas of career assessment, suggested course selection in high school, and allows the student to communicate with an academic advisor for assistance. In the state of Florida there a few graduation options offered such as the 4-year, 24-credit standard diploma, 3-year, 18-credit college prep diploma, 3-year, 18-credit career prep diploma, AICE diploma, and IB diploma. (Florida Virtual Campus)
Florida has over 14 different scholarship and grant programs to help you pay for college. One of the most recognized programs is the Florida Bright Futures Scholarship Program. It has been made possible by proceeds from the Florida Lottery. This money can be used at a Florida university, college, or even a career and technical program (Florida Virtual Campus).
Mentally, a high school graduate must transition their mind set from high school to college and/or technical school. Various colleges/technical schools have extracurricular clubs that provide outreach to high school students. In addition to campus tours and orientation, all post-secondary institutes offer an extension of care in mental health counseling, career counseling, and medical care. Traditionally, students embark on a right of passage in life while pursuing their future career goals.
by KESHIA ROSS
Only one-quarter of high school seniors who took the ACT college admissions test this year scored high enough to be considered ready for college or the workforce.
U.S. Secretary of Education Arne Duncan called the finding “truly disturbing” in a statement to The Huffington Post. “This report demonstrates that we must be honest about our students’ performance and implement higher standards if we’re serious about improving educational outcomes,” he said.
A report released Wednesday by the company that makes the ACT said 54 percent of 2013 high school graduates took the test. The ACT, a competitor to the SAT, measures college readiness on four benchmarks: English, reading, science and mathematics. Only 26 percent of students who took the test met all four benchmarks. Sixty-four percent hit the English goal, 44 percent made the mark in reading, 44 percent ranked in mathematics and 36 percent reached the science benchmark.
The results have been roughly the same since 2009. “We haven’t made any significant gains over the last few years,” Jon Erickson, president of ACT’s education division, said in an interview Tuesday. “We need to make greater gains with ethnic minority groups.”
The results foreshadow trouble as states prepare to implement the Common Core State Standards, a set of educational goals that holds students accountable to theACT’s specific definition of college and career readiness. By the end of the new school year, states that have agreed to teach Common Core will replace current standardized tests, considered by most educators to be watered down and easy — with challenging Common Core exams.
As a consequence, states will likely see a drastic drop in standardized test scores, asNew York, already teaching Common Core, did earlier this month. Common Core test results likely will be even worse than those in the ACT report. The ACT generally tests college-bound students, who tend to be better academic achievers than peers.
“High schools are lying about what they’re delivering to students,” said Mark Schneider, a vice president of the research nonprofit American Institutes for Research who previously oversaw the federal government education research arm. “How many students are college-ready when they come out? It’s a lot less than the 75 percent of students who are graduating.”
The No Child Left Behind Act, which required schools to meet goals on standardized testing to receive federal money, “let states set standards low, and … they downright lied about proficiency,” Schneider said.
ACT defines college preparedness as having a 50 percent or higher chance of earning a B in a college course, or having a 75 percent or greater chance of earning a C. Erickson said ACT arrived at the definition by analyzing survey data collected from American colleges.
Mike Cohen, the president of Achieve, a nonprofit organization contracted to help states write Common Core standards, said Common Core should help students perform better on exams like the ACT. “ACT expectations correspond pretty closely to where the Common Core ended up,” Cohen said. “Common Core will give students a higher likelihood of entering college and succeeding in first-year courses.”
In 31 states, at least 40 percent of high school seniors took the ACT. But more than half of students met three or more of the test benchmarks in only two of those states, the report said. In eight of the states, from 40 percent to 49 percent of graduates met three or four of the goals.
“In no state did more than 56 percent of ACT-tested graduates meet three or four benchmarks,” the report said. The scores closely correlated with the schools the students attended, the courses they took, the grades they earned, and their parents’ education, which is often a proxy for income.
This year’s tested group is the most diverse in the test company’s history, Erickson said.
Duncan said increasing diversity shows more students are taking steps to apply to college. But most minority students fared far worse than their white and Asian peers. Fewer than half of African-American, Hispanic and American Indian students met any of the benchmarks. The report said students across these ethnic groups generally have similar educational aspirations.
“Eighty-eight percent of the students want to go on to some significant higher education, but their skill level suggests they’re going to have some issues there,” Erickson said.
The report does not link students’ scores to their life outcomes, which means it is impossible to know for sure whether these benchmarks are related to economic productivity. Erickson said the ACT is working to connect that data.
ACT’s methodology has some skeptics.
“It’s like pointing a shotgun at a football field,” said Anthony Carnevale, a Georgetown University professor whose research on workforce skills has been cited by Duncan and other Common Core proponents. “The things mentioned in the ACT subject exams don’t show up in tasks and activities of jobs. Any jobs. The one place where you’ll need to know Algebra II is if you’re teaching it.”
The report’s premise, Carnevale added, is an example of correlation and not causation. “If you take these courses, you are more likely to go to college, because the colleges require you to take these courses,” Carnevale said. “And if you do well in high school and on the ACT, you go to college. And if you graduate from college, you’re more likely to get a job. But these are all procedural requirements.”
That system, Carnevale added, reproduces the privilege and disadvantages inherent in class and race. “The relationship between your ACT score and job skills is just not there,” he said.
“JFG is a program designed to help students prepare for their future and teach them the skills needed to obtain a career. I can honestly say that JFG did all that and some more for me.”
She went into the JFG class thinking she wanted to be an Anesthesiologist. With the help of her Coach, Keachia Bowers, she left JFG knowing she would be an Anesthesiologist.
Busie also paired with a mentor who has become an important part of her success. Keachia says that Busie is a “force to be reckoned with” and we certainly agree. Today, Busie is a Senior at Piper High School, scoring a 1450 on her SAT & has loaded up on AP courses while interning at Broward General Hospital.
“JFG also taught me about myself and encouraged me to follow my dreams no matter what. Also, that goals and ambitions can become reality and I am so appreciative that I was chosen to have been in that program.”
Thanks Busie! We can’t wait to watch you soar!
Do you believe that you can learn and be the best student possible, all at the same time? Chances are, if you’re reading this, then you truly do believe in yourself and see this vision possible. I applaud you for this. And for this same reason, I will be sharing with you a few tips on how you can apply this belief to your everyday life. Don’t get me wrong, I’m sure your efforts have taken you a far way in your educational journey thus far. However, you can never get enough when it comes to “advice” about school and learning. So, here’s to nurturing the greatness in you – and remember, the benefits are rewarding – never give up!
Organization is the key
– wikihow.com suggests that you buy a binder. Buy a pencil case and put all your supplies in there. Buy a planner or an agenda. Make sure your locker is clean. Use your student handbook to mark events, homework and big projects. Refer to your calendar; don’t do the work in vain. After writing down dates, events and project due dates, look at the calendar often to stay on point.
– Being on time means that you not only control your own destiny, but you also respect the intention of the other parties involved. According to Esquith in his book, “Lighting Their Fires: Raising Extraordinary Children in a Mixed-up, Muddled-up, Shook-up World, being on time shows that you are responsible for your own actions. He also suggests that every Friday, students should plan their own weekends, blocking in time to do things they want to do as well as homework, chores, etc. Demonstrating your responsibility and putting it to practice.
– Sounds funny, but often a challenge for young people to do. In an article provided by scholarshipexperts.com they suggest that you “get enough sleep and eat a balanced diet. This isn’t advice from Granny; it is a practical, stay-healthy-and-you-will-do better-in-school fact. Junk food, binge drinking, doing drugs, and staying up all night do not create a successful scholar. Take care of you. Your success depends on it”.
Focus – Focus – Focus –
Yes, I said it! I’m sure you’ve heard this a million times. However, it’s real. Technology has our young people distracted. Texting, IM’s, Instagram and all of the other social networking sites have encouraged a lack of focus. Esquith explains that a “lack of focus usually isn’t ADHD, but boredom and exacerbation for other distractions”. He further explains that kids perform better on tests once you all learn to focus. So, try minimizing the Facebook time and maximizing the time reading a book.
– I know, most of us are compelled to wait until the last minute to get the job done. We all say to ourselves, “I work better under pressure”. Well, this is a mantra that we must replace with, “I work better with more time to relax.” Wikihow.com explains that “leaving it later what could be done today is asking for trouble and crammed results. If a report is due by Monday and you’ve had three weeks to do it, don’t wait until Sunday. Try to work on it daily for a while until you are finished with the report.” This will help relieve stress, worry, anxiety and frustration.
These are the tips that I believe will support you on your journey towards greatness. Remember, you are your greatest asset, invest in yourself!
by Keachia M. Bowers, MSW
- Esquith, 2009. Lighting Their Fires: Raising Extraordinary Children in a Mixed-up, Muddled-up, Shook-up World.