Average salaries in the United States
Workers and employees get wages and salaries in exchange for their labor. Wages and salaries have increased during the last few decades. In 1979, the median usual weekly earnings of a full-time employee were about 241 U.S. dollars, while the median weekly earning of a full-time employee in 2012 was about 768 U.S. dollars.
Students’ salaries in higher education in public and private institutions in the United States increased over the last 40 years. The average annual salary for public institutions was about 1,533 U.S. dollars in 1970 and shifted up to 23,943 U.S. dollars in 2013. The annual charges per student in higher education in private institutions increased as well. The charges were about 323 U.S. dollars in 1970 and 5,899 U.S. dollars in 2013.
The salaries of graduated students vary from University to University:
According to PayScale, Harvey Mudd College graduates earn around 143,000 U.S. dollar in their mid-career salary in 2013. The Harvey Mudd College, which is located in California, is a private college, focusing on mathematics, physical and biological science and engineering.
The Columbia Law Schools graduates had a starting median pay in the private sector of 162,000 U.S. dollars in 2012, while graduates from the Emory University School of Law only start with a median pay of 80,900 U.S. dollars.
The salaries of business school MBA graduates in the United States stood at 90,000 U.S. dollars in 2012, while graduates who held a bachelor’s degree could expect a starting salary of 50,000 U.S. dollars.