(Hoboken, N.J. – Dec. 17, 2020) – Stevens Institute of Technology’s class of 2020 has secured impressive outcomes despite graduating in the midst of a global pandemic, demonstrating a stronger need than ever for talent with a technology-infused education. Six months after graduation, 95% of the class has achieved employment, admission to graduate school or other first-destination outcomes, with a record-breaking starting salary of $77,000 according to the 2020 Student Outcomes Report.
Leading companies such as Amazon, Goldman Sachs, Deloitte, Lockheed Martin and Johnson & Johnson each hired multiple members of the 2020 graduating class. This contributed to the highest average starting salary in the university’s history.
“The Stevens class of 2020 entered their careers in one of the most difficult environments in recent history due to the COVID-19 pandemic,” said President Nariman Farvardin. “These graduates have not only demonstrated the grit and determination to overcome all the problems that 2020 presented, but they are showing that they will be part of the solution. Class of 2020 graduates are working on vaccines, attending medical school and conducting important research as part of their graduate education.”
The report revealed that while 63% of graduates entered the workforce, the military or returned to their home countries, 32% continued their education and pursued advanced degrees at institutions such as Brown University, University of Oxford, Columbia University, Cornell University and New York University. Of the students pursuing advanced degrees, 94% are seeking a master’s or doctorate, with the balance pursuing medicine or law. Overall, 85% of the class reported first-destination plans.
Further, 52% of the graduates reporting salary information indicated they received a signing bonus, averaging $8,900. While graduates are pursuing their careers or continuing their education across 21 states, 86% are located in New York and New Jersey.
The most lucrative field for class of 2020 graduates was cybersecurity/computer science, with an average starting salary of $88,000. Other fields earning above average salaries included quantitative finance, electrical engineering, software engineering and computer engineering.
“Our students are not only securing employment but launching careers in the areas of their choice,” said Lynn Insley, executive director of the Stevens Career Center. “Each year, it is impressive to see how the list of the most influential and sought-after companies in the world recruiting Stevens graduates continues to grow.”
In 2019 a new report from the Georgetown University Center on Education and the Workforce, “A First Try at ROI,” ranked Stevens No. 14 in the nation for return on investment 40 years after enrollment among all U.S. colleges and universities awarding a four-year degree. The report is the first to analyze the ROI of higher education at this longer time scale, revealing the value of a Stevens degree over the period of a graduate’s career.
Additionally, PayScale ranked Stevens as the 12th in the nation for the highest mid-career salaries in the nation with a median mid-career salary of $144,300 after 10 years of experience in a field. The Stevens Career Center was also ranked 11th in the nation for “Best Career Placement” by The Princeton Review in the 2020 edition of “Colleges That Pay You Back.”
To read the report and learn more about the success of Stevens graduates, visit https://www.stevens.edu/directory/stevens-career-center/career-outcomes.
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About Stevens Institute of Technology
Stevens Institute of Technology is a premier, private research university situated in Hoboken, New Jersey overlooking the Manhattan skyline. Since our founding in 1870, technological innovation has been the hallmark of Stevens’ education and research. Within the university’s three schools and one college, 7,300 undergraduate and graduate students collaborate closely with faculty in an interdisciplinary, student-centric, entrepreneurial environment. Academic and research programs spanning business, computing, engineering, the arts and other disciplines actively advance the frontiers of science and leverage technology to confront our most pressing global challenges. As Stevens celebrates its 150th anniversary, the university continues to be consistently ranked among the nation’s leaders in career services, post-graduation salaries of alumni, and return on tuition investment.
Stevens media contact: Katie Koch, [email protected], 201-216-5139