Engineering degrees pay off
A new report shows that engineering degrees are far and away the highest earning among all college programs.
Eight of the top 10 degrees feature some type of engineering, with petroleum engineering running away with the No. 1 spot thanks to an average starting salary of $83,121. Chemical, mining, computer, electrical, mathematical, industrial, and systems engineering also were listed, each offering a starting salary of more than $56,000. Aeronautical, agricultural, and biomedical engineering ranked 12 through 14 on the list, with salaries starting at more than $54,000. NACE collects its data by surveying 200 college career centers.
The report states the reason engineering degrees lead to high salaries is due to a lack of students majoring in these fields . According to the NACE director of research Ed Koc, engineering field make up about 4% of all college graduates, while social science and history each comprise 16%.
"It's a supply and demand issue," Koc said. "So few grads offer math skills, and those who can are rewarded."
Case Study Database
Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.
Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.