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Rose-Hulman Grads Earn Among Top 10 Salaries

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Rose-Hulman Grads Earn Among Top 10 Salaries

A Rose-Hulman Institute of Technology degree opens a variety of career opportunities in engineering, science and mathematics. It also produces big bucks for its graduates, according to the PayScale 2011 College Salary Report.

GM alum

Successful Alumni: Fred Cartwright, a 1980 mechanical engineering alumnus, is vice president of alliances and new business development for General Motors Europe.

The median starting salary of Rose-Hulman graduates ($60,700) ranks ninth in PayScale's annual survey of best salaries for new college graduates.

Rose-Hulman takes its place alongside Massachusetts Institute of Technology ($69,700) and California Institute of Technology ($69.600) in the survey's Top 10 list.

Rose-Hulman ranks higher than Carnegie Mellon University ($60,000), Rensselaer Polytechnic Institute ($59.500), Missouri University of Science and Technology ($58,600), Stanford University ($58,200), Georgia Institute of Technology ($57,500) and Harvard University ($54,100).

Columnist Lynn O'Shaughnessy points out at CBS MoneyWatch.com that Rose-Hulman Institute of Technology graduates "enjoy higher salaries than grads of Duke, Johns Hopkins University and Amherst."

The PayScale 2011 College Salary Report examined the company's database of over 29 million unique compensation profiles, provides a critical perspective on the relationship between college selection and both starting and mid-career salaries.

Some highlights from the 2011 report include:

  • Rose-Hulman (No. 9) joins Colorado School of Mines (No. 6) and Missouri University of Science and Technology (No. 15) as the only schools outside California and the northeast in the top 20 of the starting salary list.
  • Rose-Hulman ranks No. 1 among Midwest colleges for starting salary and No. 6 for mid-career median salary ($95,800).
  • Engineering and science fields dominate the list of undergraduate college degrees earning the best salaries. Lucrative career fields, according to the salary survey, are petroleum engineering ($155,000 mid-career salary), chemical engineering ($109,000), electrical engineering ($103,000), materials science and engineering ($103,000), aerospace engineering ($102,000), computer engineering ($101,000), physics ($101,000), applied mathematics ($98,000), nuclear engineering ($97,800) and biomedical engineering ($97,800).

The PayScale 2011 College Salary Report can be found at PayScale.com.