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 demand

Alan 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          


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