Guess What? Your MIT Education Was Worth It—Now with Statistical Proof!
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slice.mit.edu
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In a study conducted by PayScale, a Seattle-based company that collects wage information, MIT topped the list of the schools with the best 30-year net return on investment over wages earned by a typical high school graduate. Rounding out the top three were Caltech and Harvard.
So what do alumni have to say about this? An interesting discussion has cropped up on the MIT alumni LinkedIn group (you have to be an alum to belong and read the discussion). As one respondent noted, "Typical MIT grads—instead of celebrating 'we're number 1,' we want to nitpick their methodology :) . " Take a look at the methodology for yourself.
The site also breaks down salaries by job and then within that category, by various employers and industries. So if you're a mechanical engineer working in the energy sector or at Boeing, you can see how you stack up—assuming the data are valid.
Comments
Daryl
Thu, 07/29/2010 4:28pm
Nice, but the methodology doesn't count those with advanced degrees?! A bit limiting isn't it?
"Only employees who possess a Bachelor's Degree and no higher degrees are included. This means Bachelor graduates who go on to earn a Master's degree, MBA, MD, JD, PhD, or other advanced degree are not included."
Leo
Mon, 07/19/2010 11:28am
The generally accepted short form for California Institute of Technology is Caltech -- no space, lowercase t.
Brett
Fri, 08/20/2010 2:24pm
Hmm, so that would be the majority of MIT graduates then.
Nancy DuVergne Smith
Mon, 07/19/2010 3:48pm
Thanks so much - I fixed it!
nancyds
Amy
Wed, 07/28/2010 2:54pm
MIT is such an amazing school, and it seems like MIT alumni are doing extremely well!!! They not only made a lot of money but more importantly helped the world to become a better place :)
Saro M
Wed, 07/21/2010 12:15am
"...assuming the data..." ARE valid :)