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Computer Engineering Degree Most Valuable
Anonymous Squonk writes "CNN reports on the National Association of Colleges and Employers quarterly salary survey. Computer Engineering degree holders once again command the highest starting salaries at an average of $53,117, but Chemical Engineering is gaining rapidly, and Computer Science graduate's salaries are up 8.9% over the year before. Most of the other geek disciplines rank high on the list as well." While starting salaries for some degrees are up, the overall situation is not very good - indeed, your salary may be decreasing.
Wow, that starting salary must be appreciated by all 5 graduates who were able to find jobs.
Honestly, until something is seriously done by the government and companies (determing a percentage that can be offshored, completely redoing the tariffs in the so-called "free trade" agreements, etc.), it's difficult to make a case for going to a college or university. To train for what? Everyone behind a desk is vulnerable to being offshored.
Thankfully, Lou Dobb's program is putting the spotlight on this issue each evening! Tonight, he's going to focus on the companies who are the worst abusers of offshoring. Last night, he focused on the owner of a Tool and Die shop who is complaining that "free trade" has ruined his business and it's about to go under. His specific complaints were that tariffs on his stuff going to China is 29.9%. Stuff coming from China to the US has a tariff of 3%. In Mexico, they freely use and dump chemicals that he would go to jail for dumping. This is free trade? Our elected officials agreed to this? Holy cow! The playing field is not level or even close to being level.
Until the tariffs are equal and labor/enviromental issues are equal with our trade partners, America is going to continue to lose jobs, companies, and wealth. Our future is slowly being flushed down the porcelin convenience. Our own beloved industry - IT - has near double-digit unemployment. Good luck to new graduates trying to enter.
I'd rather know about the money I'll be making five to ten years into the job. If the company has starting salaries too high, chances are they aren't going to be around that long.
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When I started college over 4 years ago, the average salary of a grad (from my school, for my degree) was over $60,000/year.
When I graduated last year, it dropped below $40,000, and it was extremely difficult to find a job. I have a friend with the same computer related degree with a 3.92/4.0 gpa who still hasn't found a job yet. And yes, I know that gpa doesn't always equate to ability/productivity, but this guy is really good.
I'm glad to see that things are back on the upswing for technology, even if this is just a start.
The sad(der) part is that nursing and elementary teaching are in the bottom five of the list with both of them going down.
Nurses and Teachers are the people who should be paid better. Oh well.
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Lots of money is great, but what about the people who have a love for computing?... To me as long as I am happy with my work, the people I work with and I dont have to worry about where my next meal comes from then thats all the beans. If youve noticed, a lot of people are getting into the field JUST for the money, I'd like to see maybe 5-10 years down the road all the high money chasers go and the people who actually WANT to do this type of work stick.
One thing to remember is that salaries are very region dependent, so a Computer Engineering degree may not command the highest starting salaries in your region.
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I find that most computer related degrees are "chasers." They mix well with other skills. They allow you to computerize something such as a medical thing, or an automotive thing, as you make a tool. Afterall, computers are only tools. What good is a tool without a purpose?
Well at least thats the way on the software side. I got my MSCE (oh yea, thats Masters of Science in Computer Engineering...) while working for an automotive Company. I have not changed fields and am probably not making nearly as much as I could. But I fear for job stability so I hang around.
Besides, we are adding more and more electronics to cars plus they are several automotive network technologies such as LIN, CAN, J1850, CCD, etc. Automotive field is not too bad a place for a CE.
Notwithstanding, our managers are also smoking The India Pipe(TM).
From what I recall - the college new hire salary for IBM computer engineers (B.S. degree) was ~$45-49k in 1999, $50-53k in 2001. Not sure what the current value is, though I'd expect it is in the $55k range.
MBA, MS degrees command different jobs and different salaries than what was on the survey.
The real shame is that the elementary ed teachers starting salary dropped significantly. These are people our society depends on, and it it very difficult to keep the best people for the job in there if they can get (and need) better paying work doing other jobs that don't require as much skill or talent.
"It's tough to be bilingual when you get hit in the head."
Yeah, but if the beginning salary is too low - are you willing to work there for five to ten years to make your way up to what you could/should have been making when you were hired?
I'm in this exact case. I keep hearing, "you'll be rewarded down the road" and "if we're around in five or ten years, you'll have a great position because you'll have been here from the beginning." I'd rather be making a "competitive" salary now instead of hoping to get enough raises over the years to equal what I could find elsewhere.
Me first. Company second. Anyone who believes otherwise is delusional.
Computer engineering is often an electrical engineering base with focus on computer architecture and design, with more programming than a EE degree would give you. Computer science is primarily math and programming based, though it certainly varies between schools and individuals - you can usually tailor it to a more theoretical or practical curriculum as you prefer, though you should be getting a heavy dose of both.
"It's tough to be bilingual when you get hit in the head."
I work in Human Resources at a Fortune 500, and I'm responsible for our campus recruiting program.
That explains why you are posting AC
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"You're never going to get rich working to make someone else rich."
This was told to me while I was working as a software engineer commanding a decent salary. But I wasn't making the real money. That job belonged to my boss, who saw it fit to pay me a skim from his profit for a job I performed.
What was I to do? Whine? Talk about how "greedy" he was? Criticize him for his lack of technical skills (compared to mine)?
All of that is excrement. Instead, I chose to become an entrepreneur. I found partners, made deals, and now am in the process of opening my second restaurant as well as selling things over television and Internet. I think about business all the time, and work suddenly has become very, very fun. Life itself feels like a massively multiplayer game.
Oh, and here's another piece of advice that I learned that I wish someone had told me earlier: Anyone will loan you any some of money as long as they are convinced that it's in their best interest to do so.
Stop working for someone else. Find partners. Find investors. Find a way that you can make a business work. It's exhilirating and fascinating. And you won't go back once you are free.
I don't make the rules. I just make fun of them.
Maybe it's just that good in the US, because holy crap that's a high average starting salary. Here in the UK the current average computing starting wage (based on my own experience and that of my friends) is something like 20k GBP (37k USD). I have a high-pass degree in Computer Science from a well respected university, but with the current computing job climate it would be seriously hard to get a job paying more than 25k GBP (46k USD) as a starting wage. (Hell, I'm not even on that much yet - far from it!)
It's extremely annoying, given that mechanics and plumbers (or even totally unskilled jobs like shunting boxes around a warehouse, which I did for a year or so a while back) can earn you almost as much as it's possible to earn with a degree these days.
The value of degrees has been reduced due to the UK government's insane scheme to get more and more people to go to university. We don't need more people to go to university - we need to make it harder to go to university so that only the people who really want to do it (and have the skills) can go, rather than lowering the difficulty of getting a degree so that the people who loaf it through university can also get degrees. It should be HARD to get a degree - I'm not saying it was easy, but I think it could have been harder. A degree should mean something, but these days I'm not sure it really does, because "everyone has one".
My youger brother decided not to go to university, and is an apprentice quantity surveyor in the building trade. He's a very intelligent guy, but it's just not worth him getting a degree. In five years time, I will be absolutely unsurprised to hear that he's earning considerably more than me (which he almost certainly will be).
Degrees aren't all they're cracked up to be, and the "extra" money you earn for having one barely covers the cost of going to university for four years in the first place.
I'm glad I have a degree, but it's not the big money earner it's cracked up to be - jobs are just too scarce at the moment. Personally, I blame the people who did computing degrees around the time of the dot com boom because they needed a degree and heard it was "where the money was". Now, there's a surplus of computer qualified people around, meaning that plenty of us who are actually really enjoy computers and are good at what we do can't get jobs because the gold-rush crowd are still hanging around.
Organic free-range music... yum!
a companies best interest is to pay you the absolute bare minimum that it takes to keep you around, and not a dime more.
you need to negotiatie up front for the best compensation possible. all future raises will be based on that going forward.
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