Average Starting Salary for a College Graduate Liberal Arts Degree
Does a liberal arts degree atomic number 82 to depression pay? Not necessarily
As the quondam joke goes, liberal arts graduates finish up working in jobs where they ask, "Do you want fries with that?"
But that's not the reality for graduates of elite colleges with liberal arts degrees, according to PayScale'due south almanac survey of 2.3 meg graduates of more than 2,700 colleges.
Science, technology, engineering and mathematics (STEM) graduates earn college starting salaries when they first enter the workforce than their counterparts in other majors, but that reward erodes over fourth dimension among alumni of elite colleges, PayScale institute.
Have the average bacon of a recent graduate with a petroleum engineering degree. That grad typically earns $94,600, the most of whatsoever job tracked by PayScale, within the first five years after graduating. Physician assistant graduates finished second with almanac earnings $87,800, followed past $75,300 for holders of metallurgical engineering science degrees. One time they gain a decade or more experience, petroleum engineering, physician assistants and metallurgical engineers written report boilerplate salaries of $107,500, $107,600 and $105,000, respectively.
To exist sure, liberal arts graduates earn less out of the gate. Princeton graduates with degrees in the humanities such as English language, philosophy or foreign languages report earning an average $61,500 inside v years or graduation, the most of whatsoever university. All the same later ten years or more of workplace feel, they typically earn an average of $134,100. Graduates of the Ivy League university who major in social sciences such as economics, history or anthropology are paid an average of $68,100 when starting their careers. But a decade after graduation, they typically earn $176,600.
Where the coin isn't
It's non merely Ivy League graduates who cease upward with healthy paychecks over their careers, PayScale said.
"You might presume that the highest earners in the country come from well-known Ivy League Schools like Harvard or Princeton, merely the truth is, the highest median alumni salaries oftentimes come up from students who attended small colleges with strong engineering programs," PayScale said.
Information technology added, "The salaries of humanities majors accept some of the biggest growth over fourth dimension, more often than not because the early career salaries of nigh humanities majors are lower than those of people who studied reckoner science or engineering, or other STEM subjects."
Graduates of Stanford University, located in the centre of Silicon Valley, earn an average of $154,700 after ten years on the task, topping PayScale's almanac rankings of the best universities past salary potential. Harvey Mudd, a private college with a educatee body of about 800, ranked second with average alumni salaries of $153,400. They were followed by the California Institute of Technology and the Massachusetts Institute of Technology, which tied for 3rd place with average graduate salaries of $152,400. Princeton Academy was in fifth place with $151,900.
"Increasingly, students want to understand the career and income opportunities associated with their college education," PayScale vice president Lydia Frank said in a argument. "While earning potential should not be the only consideration, it's an important one, especially when because the cost of each student's education."
Indeed, graduates of the course of 2016 have an average of $37,172 in student loan debt, upwardly six percent the previous year, according to Educatee Loan Hero.
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