DAT 520 milestone one (1)
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Katherine Tucker
DATA 520
Milestone One
Question: Which college degrees have the largest return on investment?
Data: https://www.kaggle.com/wsj/college-salaries
& WSJ.com
The degree people chose to obtain to have the largest return on investment is the data set I
have chosen to focus on. I then chose to utilize the salary increase by type of college. According to Kaggle “ten years out, graduates of Ivy League schools earned 99% more than they did at graduation” (Journal, T., 2017).When students are looking at colleges and majors some choose based on price, interests, degrees offered or as in this question chose colleges based on the high return of pay after graduation. With the data presented MIT has the highest median salary of $72,200.00. The lowest is Morehead State University median salary of $34,800.00 (Dow Jones & Company, n.d.). There is also data set on mid-career median salary, mid career 10
th
percentile, 25
th
percentile, 75
th
percentile and 90
th
percentile. All these data sets assist in making choices on which amount of money the student would like to possibly make and could be a deciding factor for them to choose that college or not. Looking at the data it does seem that Ivy League Colleges are going to assist in students in making more money, but it does not mean this is the only factor in that student in earning more money. I would think someone who puts in tremendous amounts of effort into their studies, works hard and take opportunities they are given would be ahead of just a student going to the same school. It would be very interesting to look at other factors of students and their success rate.
The following are the data sets in Power BI to help understand the data better. This shows there are 229 unique schools in the data set. This graph shows the amount each student could possibly make and which school type the school falls into. Surprisingly University of Illinois at Urbana-Champaign is on top.
Again this data report surprised me in putting state schools in the highest salary amount and Ivy League in the lowest salary.
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Dow Jones & Company. (n.d.). Salary Increase By Type of College
. The Wall Street Journal. https://www.wsj.com/public/resources/documents/info-Salaries_for_Colleges_by_Type-
sort.html Journal, T. W. S. (2017, April 29). Where it pays to attend college
. Kaggle. https://www.kaggle.com/datasets/wsj/college-salaries
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