Starting Salaries in the United States

Abhijeeta Sharma

Jonathan Nicholls

Webins Desrosiers

Jim Earley

 

            In response to the paper titled “Japanese Starting Salaries by Company”, this paper will provide information related to starting salaries by different professions within the United States of America for 2004.  We also found that the starting salaries did not vary very much across different industries.  In general, an accountant in the automotive industry would earn as much as an accountant in the service industry.  Below is a list of starting salaries for 2004 by degree.

 

Degree

 USD

YEN (monthly)

 Annual

 Monthly

Exchange Rate (29/04/10)

Big Mac Rate (27/05/04)

Engineering

 

 

 

 

Computer Engineering

$ 53,117.00

$   4,426.42

469,775.60

399,705.43

Chemical Engineering

$ 52,563.00

$   4,380.25

464,875.93

395,536.58

Electrical Engineering

$ 49,926.00

$   4,160.50

441,553.87

375,693.15

Mechanical Engineering

$ 49,008.00

$   4,084.00

433,434.92

368,785.20

Civil Engineering

$ 41,046.00

$   3,420.50

363,017.67

308,871.15

Industrial/Manufacturing Engineering

$ 48,283.00

$   4,023.58

427,022.90

363,329.58

Information Technology

 

 

 

 

Computer Science

$ 48,656.00

$   4,054.67

430,321.77

366,136.40

Information Sciences

$ 42,108.00

$   3,509.00

372,410.17

316,862.70

Business

 

 

 

 

Accounting

$ 42,045.00

$   3,503.75

371,852.99

316,388.63

Management Information Systems/Business Data Processing

$ 41,103.00

$   3,425.25

363,521.78

309,300.08

Economics/Finance

$ 40,596.00

$   3,383.00

359,037.79

305,484.90

Logistics/Materials Management

$ 40,484.00

$   3,373.67

358,047.24

304,642.10

Business Administration

$ 37,368.00

$   3,114.00

330,488.82

281,194.20

Marketing

$ 36,071.00

$   3,005.92

319,017.94

271,434.28

Miscellaneous

 

 

 

 

Nursing

$ 37,253.00

$   3,104.42

329,471.74

280,328.83

Liberal Arts major

$ 30,153.00

$   2,512.75

266,678.16

226,901.33

Elementary Teacher Education

$ 27,317.00

$   2,276.42

241,596.10

205,560.43

Psychology

$ 25,032.00

$   2,086.00

221,387.18

188,365.80

Construction Science

$ 41,232.00

$   3,436.00

364,662.68

310,270.80

Taken from http://money.cnn.com/2004/02/05/pf/college/lucrative_degrees/