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PayScale.com Looks at Average Pay Across U.S. for Those with Bachelor’s Degrees
LOWELL, Mass. ߝ For the second year in a row, a national survey says UMass Lowell graduates earn the highest average mid-career salary of all public colleges and universities in New England.
PayScale.com’s national survey of graduates with bachelor’s degrees found that the median mid-career salary for UMass Lowell is $91,000, the highest of any public institution in New England. UMass Lowell also ranked No. 1 in starting salaries among Massachusetts public institutions.
In the mid-career salary category, UMass Lowell placed No. 106 nationally among both private and public institutions, up from No. 124 last year. The ranking lists salary information for more than 900 colleges and universities around the country.
“UMass Lowell students are well educated and fully prepared to embark on a career after graduation,” said UMass Lowell Chancellor Marty Meehan. “This survey once again demonstrates the value of a UMass Lowell degree, as our graduates are earning more than many of their peers who paid twice as much to attend private institutions.”
“My UMass Lowell degree is invaluable to me. I would not be an engineer if it weren’t for UMass Lowell and if I weren’t an engineer, I wouldn’t have the career or salary that I currently have,” said Lisa Brothers, P.E., a UMass Lowell alumna who is vice president and chief operating officer of Boston-based Nitsch Engineering. Brothers, who lives in Wilmington, is the president of the American Council of Engineering Companies of Massachusetts.
Public and private institutions with mid-career salaries in the same range as UMass Lowell include UCLA, Northwestern University, Miami University and the College of William and Mary, the survey found. UMass Lowell ranked higher than many other institutions including Boston University, Johns Hopkins University, the University of Michigan, Ithaca College, Emory University and Northeastern University.
The survey found that UMass Lowell graduates have an average starting salary of $47,600. Other public and private institutions with similar starting salaries include Clemson University, University of Miami, Franklin & Marshall College, Adelphi University and Brigham Young University, according to PayScale.com. UMass Lowell outranked institutions including Middlebury College, Syracuse University, Marquette University, Baylor University and the College of the Holy Cross in that category.
To view the full survey, go to www.payscale.com/best-colleges/college-graduate-salary-statistics-by-location.asp
UMass Lowell, with a national reputation in science, engineering and technology, is committed to educating students for lifelong success in a diverse world and conducting research and outreach activities that sustain the economic, environmental and social health of the region. The university offers its 14,000 students more than 120 degree choices, internships, five-year combined bachelor’s to master’s programs and doctoral studies in the colleges of Arts and Sciences, Engineering and Management, the School of Health and Environment, and the Graduate School of Education. www.uml.edu.