I obviously chose the wrong profession.
Much higher than I made coming out of school.
As my wife's 80 year old grand father said the other day, he's afraid the USA has priced ourselves out of the world market.
No wonder business can't make it.
Is that undergrads or those with advanced degrees as well?
No way that is undergrads. Not even close. I don't know any college graduate that is comming out making that much money. There are a few schools that you can do that at. Please Wisconsin at $72k. I sit next to a Wisconsin grad that make right around $40k.
The calculation we used is simple:
- Identify the employees in our database who attended each university in the NCAA Men's bracket
- Select those who are 5 to 15 years into their careers: this is about 30 to 40 years old
- Calculate the median annual total cash compensation for the selected employees
Annual total cash compensation includes the base salary/wage, bonus, profit sharing, commission, and tips that an employee earns in a year at one job. It does not include equity compensation (e.g., stock options) or non-cash benefits (e.g., health insurance).
Obviously, we are not counting the salaries (or lack thereof) of alumni who are not employed. We also do not include self-employed graduates, like consultants, small business owners, and freelance writers.
We also did not draw a distinction between undergraduate and graduate and professional school graduates. This can cause the median to be a bit higher for universities with medical, business and law schools, and somewhat lower for schools with graduate teaching and Ph.D. programs :-)
Each of those are well over my current income. Therefore, I have to apologize to my fellow Cyclone fans for dragging down our average and thus ruining our postseason opportunities.
The doubters should now see that the blame does not fall on current or past coaches. This one's on me.:sad:
this can't be for students coming right out of school. This must be a snapshot of the median of all current living graduates of the school