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Millersville University received the #1 spot in “Your degree will earn you the most from these colleges” list, published on CNNMoney.com, for graduates with an education degree.
According to the Payscale 2015-2016 college salary report, the median starting salary for MU graduates with an education degree is $39,600 and the median mid-career salary is $74,100. Runners-up for the #1 spot were Western Michigan College and CUNY-Brooklyn College.
PayScale’s 2015-2016 college salary report is based on salary data for alumni of 1,519 schools. Median starting salaries are based on full-time employees with five years of experience or less in their career and median mid-career salaries are based on full-time employees with at least 10 years of experience.
To see the “Your degree will earn you the most from these colleges” list, please visit http://money.cnn.com/gallery/pf/college/2015/08/26/college-degree-earnings/index.html.
One reply on “MU is #1 on PayScale”
Not surprising, but this kind of a dishonest report on Millersville’s behalf. To publish that “the median starting salary for MU graduates with an education degree is $39,600 and the median mid-career salary is $74,100” intentionally omits many parameters of the original publication in an attempt to make the school look better than it actually is.
Firstly, the original conclusion a result of a “small sample bias” as it only compares data for alumni out of 1,519 schools. Last time I checked, the department of Education has over 4,000 accredited colleges listed in the United States. Trying to draw a meaningful conclusion from such a small sample is demonstrably disingenuous.
Secondly, the aforementioned median starting salaries are based on full-time employees with five years of experience or less in their career, while these median mid-career salaries are based on full-time employees with at least 10 years of experience. The department of labor has listed recent college graduates as one of the populations most severely impacted by the recession in terms of being able to get employed in the first place – much less being gainfully employed or employed in one’s field of study. This being said, the major challenge facing most students today isn’t being able to hold down a job once they get one. The way this article is written suggests that the typical graduate from the education program has a very competitive median salary to a fairly impressive one after a mere ten years. However, if you were to factor in all graduates from this major (instead of just the ones who managed to get jobs and hold them) and include data from all American colleges (instead of omitting literally over half of them), it’s almost guaranteed that the number would be much more honest and much less impressive.
Considering that the average college graduate in the United States has over $60,000 in debt, is financially dependent on their parents until they’re 26 and a half years old, and our jobless/underemployment rates have been estimated sometimes as high as 53% within the last three years, it needs to be said that this article is intentionally deceptive.