HIGHER ED BUBBLE UPDATE: SOUTH DAKOTA OVERTAKES HARVARD| Power Line
September 18, 2012 14 Comments
South Dakota’s New Mining Grads Beat Harvard for Pay.
Harvard University’s graduates are earning less than those from the South Dakota School of Mines & Technology after a decade-long commodity bull market created shortages of workers as well as minerals.
Those leaving the college of 2,300 students this year got paid a median salary of $56,700, according to PayScale Inc., which tracks employee compensation data from surveys. At Harvard, where tuition fees are almost four times higher, they got $54,100. Those scheduled to leave the campus in Rapid City, S.D., in May are already getting offers, at a time when about one in 10 recent U.S. college graduates is out of work.
I’ll save Glenn Reynolds the trouble: Heh.
JOHN adds: This comes as no surprise, of course, to us South Dakotans.