Paysa Shows How Education Impacts Grad Techs' Pay
As many of us inch closer to graduating from our universities, a common concern is the salary we will make upon receiving that diploma of ours. Though depending on your career choice, that number could be potentially different from your peers’.
Newly conducted research performed by Paysa shows the correlation between education and pay for tech grads, according to a recent press release. Does the length of education play a role in salary, or is it a common misconception that the two are related?
Paysa, a career guidance platform and salary scrutinizer, offers information on the U.S. tech workforce to students relating to the tech industry, what those employers look for, and who is specifically qualified for the jobs. Their research intent was to discover if certain students are more likely to be hired, and which schools propose better career opportunities for their current tuition costs.
With their findings, they discovered that when it comes to salary, education only accounted for an aspect of the total. In other words, school does not directly affect the gross and net income at the end of the day, or year rather.
This is not to say that by attending a prestigious university it hurts you in your selected field, but it is not the main component of what they are looking for once in the hiring process. Paysa has allowed students to realize their full worth in the tech world market, and achieve their desired salary, regardless of educational background.
It is no secret that if in the tech realm, the pay is never a true concern. Admittedly, workers in this field make decent salaries. By discovering which schools returned the best investments, researchers and students alike are allowed the opportunity to make the most for their dollars and time.
The research further goes into which universities top companies like Google, Airbnb and Uber hire from (Stanford, UC Berkeley, Carnegie Mellon); top paying skills (natural language processing, text mining, big data, etc.); top schools for best starting salaries (Stanford, Harvard, Iowa State, etc.); best ROI (return on investment); and which schools are the first to help you reach $150K (Rutgers, Stanford, Princeton, etc.). Ideally, they want consumers to be aware of who will pay back their loans the quickest.
As Paysa continues to field research on education and pay, they are enabling us to find true value in our careers through real numbers. They provide students and professionals with the guidance to identify their worth, to increase their overall value, and highlight tools and benchmarks to use for their benefit.