13% of CompSci Grads Have Starting Salaries Over $100K

itwbennett writes: That was one of the findings of a survey of 50,000 U.S. college students and recent graduates by Looksharp, a marketplace for internships and entry-level jobs. For general findings across all majors, check out the State of College Hiring Report 2015. But the company shared some more computer science-specific findings with Phil Johnson. Among them: "Of all majors, students studying in CS had the highest average starting salary, $66,161." And, what's more, they know the value of their degree: "On average, they expected a starting salary of $68,120, slightly above the actual average starting salary of $66,161."

Comments

Must be Silicon Valley

[Anonymous Coward]

...where they need $100k just to keep your head above water. The cost of living is ridiculous over there.

Re:Must be Silicon Valley

[byteherder]

I always thought that the cost of living argument (SV vs non-SV) was bullsh*t. Let take two recent CS grads, Call them Alex and Bob.

Alex takes a job in San Francisco and is making $100K. He buys a house at 5x his salary ($500K) and lives in it for 30 years until the mortgage is paid off.
Bob takes a job in the midwest and is making $50K. He buys a house at 5x his salary ($250K) and lives in it for 30 years until the mortgage is paid off.

After 30 years, both Alex and Bob sell their houses and move to Florida. Both houses have doubled twice in those 30 years (look at the price of houses in 1985 and don't you wish had bought back then). Alex comes to Florida with $2M, Bob comes to Florida with $1M. So who is the winner, the one that lived in the low cost area or the one in a high cost area.

My point is that those in high cost of living areas are compensated for it and win in the long run.

Re:50%+ Unemployed/Underemployed

[TooManyNames]

That statistic is for all college grads, though; not just those graduating with a CS degree. While that is noteworthy, it's not really relevant to the discussion on how CS grads are fairing.