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Lucrative college degrees

Lucrative college degrees, CNN article on NACE’s latest quarterly salary survey of recent college graduates.

Once again Engineering is very well represented with average starting salaries for:

1. Chemical engineering: $56,335
2. Computer engineering: $53,651
3. Electrical engineering: $53,552
4. Mechanical engineering: $51,732

The article lists no other degrees with an average above $50,000. Engineering education continues to pay off well.

Education For Scientists and Engineers

Business Week has an articles discussing what business would like to see from graduates, Biotech’s Beef:

The problem is a disconnect between what universities are teaching and what biotech wants. “The focus of academia is getting basic and theoretical knowledge in place,”
…
There are several weaknesses. First, recent grads lack the technical knowledge to carry out applied research in areas that straddle engineering, math, and computers. Second, job candidates have little awareness of what the Food & Drug Administration is looking for when it considers whether or not to approve a drug. Recent grads simply aren’t familiar with issues such as quality control and regulatory affairs.

This general idea is not new. But, as always (and probably more so if the nature of what is needed is changing faster today than in the past) the changing environment does require universities (and students, at least those that want to work in industry) to adapt.

But with H-1B quotas filling up earlier every year, Invitrogen has chosen to do more drug development in Japan, China, and India. It may also open facilities in Korea and Singapore, says Rodney Moses, Invitrogen’s vice-president of talent acquisition. Compensation in China and India is lower than in the U.S., but that’s not what motivates the move offshore, says Moses. “If the talent is located in Singapore, it’s just easier for us to go there.”

U.S. colleges take the problem seriously. State university systems in California, Wisconsin, and elsewhere are adding more industry-oriented classes.

Follow Smart Felowship

Science, Mathematics, And Research for Transformation Defense Scholarship for Service Program (SMART) is administrated by ASEE. As I have stated before - while I work for ASEE this blog is my own and is not associated with ASEE.

Program highlights include:

1. Starting salary/stipend ranging from $22,500 for undergraduates to $38,000 for doctoral students
2. Full tuition and related education fees and a book allowance of $1,000
3. Paid summer internships
4. Career opportunities after graduation

Read more about the program and apply online - the deadline is 5 February 2007. Article on the SMART program from ASEE’s magazine: PRISM.

The deadline from the NSF Graduate Research Fellowship is as early as tomorrow for some applications and as late as November 13th for others.