Why It Pays to Be a Math Geek
Surviving those advanced integral calculus lectures and organic
chemistry labs meant downing gallons of coffee, but that math- or
science-related major might just be worth it – in terms of job outlook and
high starting pay, that is.
By Kate Lorenz
CareerBuilder.com
College
students graduating in 2007 with a math- or science-related degree are likely to
earn significantly higher starting pay than their peers in liberal arts
disciplines, according to the winter 2007 salary survey by the National
Association of Colleges and Employers (NACE).
According to the
survey,
mechanical
engineering students graduating in 2007 reported snagging average
offers of nearly $54,600.
Computer
science grads' job offers averaged about $51,070.
Accounting
grads got offers of about $46,500, while
economics
majors' offers averaged roughly $47,900.
By contrast,
liberal
arts graduates reported average offers hovering mostly ranging between
$30,000 and $35,000.
It gets even better for numerically savvy
graduates – they might also have an easier time finding that coveted first
job. According to NACE's Job Outlook 2007 survey, eight of the top 10 degrees in
demand are quantitatively based –
accounting,
computer
science,
electrical
engineering,
mechanical
engineering,
information
sciences and systems,
computer
engineering,
civil
engineering,
economics/finance.
Why
they're in demandAlan Weiss, president of Summit Consulting
Group, a firm specializing in management development, says a primary reason math
and science graduates earn more out of college is a simple case of supply and
demand: "They're much more immediately applicable in a much smaller
supply."
Students earning associate's and bachelor's degrees in
liberal arts disciplines outnumber those in mathematic or scientific fields,
according to data from the U.S. National Center for Education Statistics.
Weiss also attributes the demand for quantitative majors to the
specialized training they receive. "You can immediately put somebody to work in
a lab," he says. "It's much more problematic (determining) what to do with
people who majored in European history."
Math and science majors'
familiarity with numbers can help them transition into many bottom-line driven
businesses, according to David Teten, CEO of Nitron Advisers, a New York-based
independent research firm. "Numbers are the language of business," he
says.
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Posted: Wed - March 7, 2007 at 06:50 PM