These professionals also calibrate and perform preventative maintenance on systems and equipment. https://prodigyfinance.com/resources/blog/engineering-salaries-go-masters, https://www.bls.gov/careeroutlook/2015/article/should-i-get-a-masters-degree.htm, https://money.usnews.com/careers/best-jobs/rankings/best-engineering-jobs, 10 Things Every Business Student Should Know, 7 Ways To Make The Most of Your First Semester…. National Association of Colleges and Employers, Refinance Student Loans To Cut Your Monthly Payments, Student Loan Forgiveness: How It Works and How to Get It, Carnegie Institute of Technology (College of Engineering), University of Illinois – Urbana-Champaign, The top 15 salaries increased by an average of $4,720 from last year’s reported. I'm a bit more afraid of engineering jobs getting automated than computer science jobs (if you're ok learning a lot of new languages). This gives the impression that CS majors generally made less than electrical and mechanical engineering majors at the time. Insurance companies have a lot of data entry/data manipulation positions, because of the volume of claim data that comes in, much of which is still on paper. This allowed me to conceptually understand the entire stack of engineering that goes into today’s cutting-edge technologies at a high level and prepared me to thrive in virtually any role.”. Pre-qualified offers are not binding. Electrical engineers with less than five years of experience earn a salary of $67,000. Only consider refinancing if you don’t plan to take advantage of federal programs and protections. This is similar to Gunnar_Zarncke's comment, but with a bit more behind why established companies might pay less. Yeah, that was the hidden assumption behind my claim. It’s anonymous and easy. There is a big argument to be made for following your passion rather than automatically choosing the career with the highest salary. For much of the work engineers do, the difference between a smart engineer and a dumb engineer is not that much. If you’re looking for a great return on investment for your engineering or computer science degree, these schools are worth your consideration. Another variable, similar to location-based compensation (i.e. For federal loan borrowers, a standard 10-year plan is the best way to pay off your loans and pay less in interest over time than any other repayment option. The pages don't say whether the average is the mean or the median. The school has 10 different engineering departments, including chemical engineering, electrical engineering and computer science. Below are the most common positions for professionals with this type of engineering degree and potential salaries: Electrical engineers handle designing, developing, testing and supervising of electrical equipment manufacturing, including, radar, electric motors, navigation systems, communication systems and power generation equipment. How to Get an Employer to Sponsor Your MBA? The document doesn't say whether the average is the mean or the median. They can expect to earn a $64,000 starting salary. The school boasts the highest admissions standards of any public university in Colorado—each year nearly 13,000 students vie for just 875 spots in the freshman class. In today’s tech-savvy world, it comes as no surprise that students in engineering and computer science fields stand to earn some of the highest starting salaries upon graduation. When the age discrimination in Silicon Valley comes up, a lot of people point out the huge turnover in technologies over decades, which would seem to negate a lot of the benefits of experience. Individual differences in programming effectiveness are much larger than in other disciplines. Disclosure: We strive to provide information on this website that is accurate, complete and timely, but we make no guarantees about the information, the selection of schools, school accreditation status, the availability of or eligibility for financial aid, employment opportunities or education or salary outcomes. Maybe one of you can. Sure technology progresses here but it doesn't make economical sense to excessively invest in brains. Many of these workers have a degree in computer engineering, but an electrical engineering degree is also suitable. However, this does not influence our evaluations. Name: Margaret O’Keefe Company: Spot Trading, LLC This helps minimize the number of Marines’ lives lost while they are in combat.”. The Big Question: Should You Go to College? According to BLS, the median wage for this profession was $56,700, with the top 10% earning more than $87,900 per year. But there are some schools graduating more top earners than most. Retrieved from, Should I Get a Master’s Degree? This exploration occurred both in the classroom and through real-world experience.”. Either. So in terms of opportunity costs it might make sense to go for engineering. The CS graduates from top schools disproportionately end up in Silicon Valley, where salaries are much higher than in other places, as is the cost of living. The point about cost of living is a good one. We want to hear from you and encourage a lively discussion among our users. Entry level engineers see salaries increase 10-15% annually at first! (this post might have been better as an Open Thread comment). I think that computer science jobs are more flexible than engineering jobs. Computer science has a higher loading for intelligence than the engineering majors, so the correlation between intelligence and salary is greater. He is a seasoned business professional who regularly consults with local business's throughout Southern California. Henry is Managing Editor of BusinessStudent.com. It is leveling of pay throughout the career for CS compared to growth in the first 8-10 years for engineering followed by general leveling, at least from what I see. Many of these workers have a degree in computer engineering, but an electrical engineering degree is also suitable. 25), Electrical Engineering and Computer Science / $92k. Electrical engineers with five to 10 years of experience earn a salary of $82,000. Bachelor of Science (BS / BSc), Electrical Engineering & Computer Science (EECS) - Salary - Get a free salary comparison based on job title, skills, experience and education. To the extent that the list of top CS schools differs from top schools or top engineering schools, it is because it is the places that got into CS early. I once attended a lecture series where entrepreneurs from Silicon Valley came to talk, and one point they kept hammering on was the importance of hiring the best people. It does feel really cool. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Industrial Engineering. Margaret says: “From my computer science courses at HMC, I was prepared well enough in the programming languages I use to jump right into coding. With income-driven repayment, your monthly payment is set at a percentage of your discretionary income and your loan term is increased from 10 years to 20 or 25. A degree from the University of Pennsylvania’s School of Engineering and Applied Science, just one of two Ivy League schools on the list, will get you a starting salary of $70,123 upon graduation. It seems like with CS you get the bonus of understanding AI risk more, if you're into that. Starting engineering salaries at startups tend to be in the 80-100k range (sometimes higher). Here are a few examples off the top of my head- Do you have reason for thinking so, as opposed to the trend being driven by a shift in fundamentals? Dan says: “Caltech Electrical Engineering (EE) gave me the engineering background necessary to conquer difficult problems. Payscale.com reports the following salary information for electrical engineers with different levels of experience. Total enrollment as of fall 2014 was 5,795, including both undergraduate and graduate students. Our opinions are our own. My subjective sense is that there's a lot of truth to the turnover claim, although I don't know how much or how one would rigorously test such a claim. If so, is this your subjective sense for what's going on? Retrieved from. it is currently trendy to declare that "10X programmers" are a myth that hurt women and minorities, I ignore those people mostly, Technical employees are on a scale of what are called job grades, Job grades have a pay scale, which includes a minimum, median, and maximum, Annual pay increases are calculated based on performance + where you are in your current grade's scale, Promotion raises are between 8-12% unless 12% would land you below the minimum of the next grade up. Now a lot of the information doesn't seem applicable to my life, at all (I'll forget it quickly). Employer name has been removed to protect anonymity. Is this your job? This would match up with the anecdata I have that starting salaries for college hires at Microsoft, Amazon, etc.