Because of today's down economy, entry- and mid-level employees are facing lower salaries, according to the 2011 College Salary Report by PayScale Inc.
Princeton University boasts the highest mid-career salary for its graduates for the first time, and it is the lone school with median mid-career pay greater than $125,000 per year, the report finds. The report was first conducted in 2008, and before the recession hit, Dartmouth College, Princeton, MIT, Stanford University and Yale University had mid-career medians of over $125,000.
"The financial collapse and jobless recovery continues to affect pay, even at mid-career – there is even some evidence of accelerating wage decreases for the top schools," says Dr. Al Lee, director of quantitative analysis at PayScale. "As in years past, it is very much about the degree: engineering- and health care-focused schools top the list."
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