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Miami grads' earning potential among top ten in Midwest

07/23/2009

Miami University ranks 8th out of nearly 150 Midwestern universities for best salary potential after graduation. According to a survey of employees by PayScale.com, a global compensation data Web site, the starting median salary for Miami graduates is $47,100 and the mid-career median salary is $96,100.

PayScale.com conducted the survey by pulling information from 1.2 million profiles in its data set, according to Al Lee, director of quantitative analysis at PayScale.com. Only employees with nothing higher than bachelor’s degrees were evaluated. Typical (median) starting graduates were 25 years old and had two years of experience, while typical (median) mid-career graduates were 42 years old and had 15 years of experience. All those surveyed were full-time employees of U.S. companies.

Miami is one of only two universities in Ohio – the other is Case Western Reserve – to make the survey’s Top Ten.

“All students complete the Miami Plan for Liberal Education, which assures a well-rounded education and develops critical thinking and other enduring skills,” said Miami President David C. Hodge. “We consistently get high marks from employers on having some of the most prepared students entering the workforce. We believe it’s our relentless focus on total student success that provides the foundation for a lifetime of growth and contribution.”

PayScale.com combined base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime and other forms of cash earnings, as applicable. The survey provides the median salary for graduates of most large enrollment universities in the United States, along with many smaller private, highly selective and engineering schools. Foreign, military and business schools were excluded, as well as those with insufficient data. All four-year public schools with undergraduate enrollment of at least 5,000 and private schools with undergraduate enrollment of at least 1,000 were considered for PayScale’s Education Package.

Founded in 2001 in Seattle, Wash., Payscale.com is the largest online source of employee generated compensation data. Employees submit their profiles to determine how their compensation compares to their peers. The Midwestern College Salary Report included universities from Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin.

University of Notre Dame and University of Chicago took the number one and two spots. For a complete ranking of Midwestern colleges, go to www.payscale.com/best-colleges/midwestern-colleges.asp.

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