Average Finance Degree Salary
Average Finance Degree Salary – But as we all know, what we raise has consequences far beyond the base of knowledge we built in our early years. Each program we choose to enroll in also sets a course for meeting future friends, career opportunities and connections.
In fact, the college education you choose will partially determine your future earning potential, especially in the first decade after school. If work in your field is in high demand, it can even put you on the path to long-term financial success, helping you pay off costly student loans and building savings potential.
Average Finance Degree Salary
Today’s chart comes from Reddit user /r/SportsAnalyticsGuy and is based on PayScale’s annual survey of 1.2 million users who graduated from college in the United States with just a bachelor’s degree. You can access the full set of data here.
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Mid-career percentiles: Salary data 10 years after graduation, sorted by percentile (10th, 25th, median, 75th, and 90th)
In other words, the average starting salary represents what people started earning after they graduated, and the rest of the chart represents the range people made 10 years after graduating. Lower earners (10th percentile) form the lower limit and higher earners (90th) form the upper limit.
The highest-earning specialization outside of college is for Physician Assistants, with an average starting salary of $74,300. The downside to this degree is that the earning potential levels off quickly, with only a 23.4% increase in earning potential after 10 years.
The largest increases in earning power, on the other hand, go to the majors in Mathematics, Philosophy, Economics, Marketing, Physics, Political Science and International Relations. All of these ranks see an increase of 90% or more from the median starting salary to the median mid-career salary.
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In absolute terms, the majors with the highest median mid-career salaries were across the engineering spectrum: chemical engineering, computer engineering, electrical engineering, and aerospace engineering all accounted for $100,000. They also generally had very high starting salaries. .
As a final note, it’s important to recognize that this data doesn’t necessarily relate to today’s numbers or the job market. The dataset is based on people who graduated from college at least ten years ago and therefore does not necessarily reflect what graduates might experience if they started their careers today.
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Green Card: Automakers’ Adoption of Fuel-Efficient Technologies Check out this infographic based on EPA data to see how 14 major automakers have adopted various fuel-efficiency technologies.
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In recent decades, car manufacturers have invested a lot of time and money in various fuel-saving technologies. These include innovations such as direct injection, cylinder deactivation and automatic start-stop functions.
It can be difficult to keep track of which companies have adopted these technologies. Fortunately, the EPA’s 2022 Automotive Trends Report contains data showing which automakers have adopted which technologies.
The percentages in this infographic show how 14 major car manufacturers have incorporated various fuel-saving technologies into their ranges. The report did not specify whether this data is for North American models only.
There are several geographic trends hidden in this data set. For clarity, we have colored the 14 car manufacturers by nationality.
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From the top of the image, we can see that Japanese automakers are strong supporters of direct injection (GDI) gasoline engines and continuously variable transmissions (CVT).
In a GDI engine, fuel is injected under high pressure directly into the combustion chamber. It is more precise than the traditional method called port injection, resulting in lower fuel consumption and emissions.
CVT transmissions use pulleys instead of gears to improve fuel economy. CVTs are best paired with smaller, lower-horsepower engines, which might explain why Japanese automakers (who have a history of building smaller cars) have adopted them so widely.
Note that Toyota is listed with 0% acceptance of direct injection, but this is not entirely true. The automaker uses its D4-S system, which is a combination of both port and direct fuel injection.
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South Korean automakers, on the other hand, have a more balanced technology profile and use a greater number of technologies, but each to a lesser extent.
German automakers are known for their expertise in building internal combustion engines, so it’s no surprise that they use turbocharging and direct injection in almost every model.
They also used multi-speed transmissions (7 or more gears), which can not only provide better fuel economy, but also accelerate faster. The downside to these transmissions is that they can be very heavy and complex.
In addition, German automakers use the automatic start-stop function in many of their vehicles and are tied with Toyota in hybrid adoption.
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The Ford and GM technology profile is similar to that of the Germans, with turbocharging and direct injection combined with 7+ speed transmissions.
GM uses turbocharging less often, but is notable for its high use of cylinder deactivation technology, on 54% of models. Referred to by GM as Active Fuel Management (AFM), this feature shuts down half of the engine’s cylinders during light driving.
GM is known for its small-block V8 engines, which are found in many of the company’s models. Given the high cylinder count of a V8, AFM is a clever trick to improve fuel economy.
Stellantis, a merger between the Italian-American Fiat Chrysler and the French Peugeot, has not adopted many technologies, except for the 7+ speed transmission.
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Finally, there’s Tesla, which doesn’t use any of the above technologies because it’s a purely electric car maker.
The technologies shown in this infographic have helped drive the average mpg consumption of new cars to record highs in recent years.
Many of these innovations could become obsolete as automakers slowly phase out gasoline engines. In 2021, six major automakers, including Ford, Mercedes-Benz and GM, pledged to phase out sales of new gasoline and diesel cars by 2040.
Other companies such as Porsche believe that the combustion engine still has a future and point to synthetic fuel as a way to significantly reduce CO2 emissions.
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The average CFA charterholder in this chart and all subsequent charts are based on the weighted average (weighted by a number of CFA charterholder salaries in each category) of all other categories in the chart. In general, the CFA designation increases salaries by about 15-20%. The CFA designation appears to generate a larger salary increase in senior positions than in more entry-level positions. The exception here, of course, is the senior financial analyst, who has the smallest salary increase of all top positions. I suspect this is not really due to the fact that the CFA designation is less valuable to the financial analysts with “senior” in front of their title, but rather that there is a very gray area between a financial analyst and a senior financial analyst , causing certain inconsistencies in the data.
Looking back at the data, it was surprising to see the significant difference between the median salaries for financial analysts and senior financial analysts. I was also surprised by the small difference between the investment analysts and the financial analysts. I think this is largely due to the inaccuracy of the most common titles handed out in the financial industry. A title can mean one thing if you work for an investment advisory firm, but quite another if you work for an investment bank. With all this