Salary Summary

There were more industrial offers reported by B.S. and Ph.D. graduates for 1997 than in the past, and less reported at the M.S. level. All graduates showed a significant salary increase in the acceptances. These averages continue to be higher than the national averages prepared by the National Association of Colleges and Employers.

As is frequently the case, Caltech graduates do not always accept the highest offer, since the average salary accepted can be slightly less than the average salary offered. Because salaries are not always reported by graduates or interviewing companies, one or two offers that are either very high or very low can affect the average significantly. Offers also can vary greatly depending on the discipline and the special qualities of the individuals candidates.

The salary information reported in the following tables by degree level and option offers a more accurate picture.

		Offers			Acceptances
Degree	Year	Number	Mean	Increase	Number	Mean	Increase
B.S.	1993	39	$35, 935	-3.8%	26	$34,711	7.8%
	1994	45	$35,895	-0.1%	30	$36,083	3.9%
	1995	62	$37,784	5.2%	36	$37,871	4.9%
	1996	95	$41,128	8.9%	45	$39,409	4.1%
	1997	101	$43,443	5.6%	48	$43,657	10.8%
M.S.	1993	11	$40,909	-3.2%	6	$43,666	4.1%
	1994	16	$44,075	7.7%	13	$44,246	1.3%
	1995	19	$42,825	-2.8%	10	$41,976	5.1%
	1996	8	$45,622	6.5%	5	$45,928	9.4%
	1997	12	$55,541	21.7%	9	$51,222	11.5%
Ph.D. Industrial	1993	46	$58,007	8.3%	24	$59,861	12.8%
	1994	42	$56,550	-2.5%	27	$55,577	7.1%
	1995	62	$61,478	8.7%	38	$59,438	6.9%
	1996	50	$61,911	0.7%	30	$64,000	7.7%
	1997	90	$65,802	6.3%	46	$64,962	1.5%