A recent news report from the National Association of Colleges and Employers has found that eight of the top ten best-paid majors are in engineering, with the other two being in computer science (4th) and information sciences and systems. Petroleum engineering tops of the list with an average salary of $86,220. Comparatively, the average starting salary for liberal arts majors is at $32,555.
For Ross students recruited by companies such as Goldman Sachs, whose average employee compensation has been estimated as $500 thousand a year, this is not an issue of concern. However, it should be noted by students that are considering a finance degree simply because they assume that is where they will make the most money, as this may not be the case if you are not among the top 15% in your graduating class.
Therefore, it is very important for those choosing a career in the financial markets that this is where their passion lies and that they would love nothing more than to construct valuation models, perform technical analysis, and live in a fast-paced and dynamic environment for the duration of their career. For the members of MII, I have no doubt this is the case.
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We have become a nation of financial services companies. All these companies do is recycle money. The result is no useful products and services are being produced or sold. The idea that the bedrock of the united states economy can be a country of bankers financial planners financial researchers dealing with numbers marketing consultents' lawyers is totally completly false. I could go on and on but I need not. The intangable economy of sorts must be replaced with a economy that produces or provides useful products and services that are really needed. Otherwise we will end up with a few bright CPA's with master degrees siting behind desks making a good living and everybody else cleaning the carpeting and emptying the wast paper baskets. For five dollars an hour.
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