‘Mid-Career’ Stevens Institute Grads Earning Big Bucks: Report

HOBOKEN, NJ — Stevens Institute of Technology alumni earn among the highest "mid-career" salaries in the nation, a recent study says.

The Hoboken-based university ranked at #13 in PayScale’s 2019-20 College Salary Report. (See the full list)

Stevens Institute graduates had a median mid-career salary of $139,900 after 10 years of experience… the highest in New Jersey, researchers said.

PayScale Inc. sampled data from more than 3.5 million full-time, degree-holding employees. The sample included 1,736 schools for people with only a bachelor’s degree; of those schools, 305 were designated research universities.

“At a time when families are considering the overall cost of a college education and the value it provides to graduates, this ranking demonstrates that a Stevens education is a very strategic investment,” Stevens President Nariman Farvardin said.

• See related article: Student Debt Rising In NJ, Including Stevens Institute

Ninety six percent of the Class of 2018 received employment, admission to graduate school or other first destination outcomes six months after graduation, with 79 percent of seniors finalizing their plans while still in school, according to 2018 Student Outcomes Report.

Of those employed, the class reported a record-high average starting salary of $71,400, which is among the highest in the nation, Stevens Institute reported.

Last year, Stevens garnered an important distinction when it was ranked No. 2 in the nation for the smallest gender gap in earnings among its graduates, with women out-earning men by 1.6 percent, according to data reported by Forbes. That report highlighted Stevens as one of just three schools whose female graduates made more than their male counterparts.

• See related article: Female Graduates At Hoboken College Are Beating 'Gender Wage Gap'
• See related article: Stevens Institute In Hoboken Sees Most Applicants In 149 Years

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