12-16-2017  2:37 pm      •     
MLK Breakfast
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NEWS BRIEFS

Exhibit Explores the Legacy of Portland Bird Watchers

Dedicated bird watchers catapult a conservationist movement ...

Special Call for Stories about the Spanish Flu

Genealogical Forum of Oregon seeks stories from the public about one of history's most lethal outbreaks ...

Joint Office of Homeless Services Announces Severe Weather Strategy

Those seeking shelter should call 211 or visit 211.org. Neighbors needed to volunteer, donate cold-weather apparel ...

Q&A with Facebook's Global Director of Diversity Maxine Williams

A conversation on diversity and the tech industry ...

City Announces Laura John as Tribal Liason

Laura John brings an extensive background in tribal advocacy and community engagement to the city of Portland ...

U.S. & WORLD NEWS

OPINION

Don’t Delay, Sign-up for Affordable Healthcare Today

The deadline to enroll or modify healthcare coverage under the Affordable Care Act is December 15. ...

The Skanner Editorial: Alabama Voters Must Reject Moore

Allegations of predatory behavior are troubling – and so is his resume ...

Payday Lenders Continue Attack on Consumer Protections

Charlene Crowell of the Center for Responsible Lending writes that two bills that favor predatory lenders has received bipartisan...

Hundreds Rallied for Meek Mill, but What About the Rest?

Lynette Monroe, a guest columnist for the NNPA Newswire, talks about Meek Mill, the shady judge that locked him up and mass...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT

Les Christie CNN Money

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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