According to NACE’s April 2014 Salary Survey, engineering majors held 8 of the top 10 spots on the list of top-paid majors for the Class of 2014 bachelor’s degree graduates. Graduates in petroleum engineering were the highest paid at $93,500, earning $28,000 more than the next highest paid at $67,300. Civil engineering graduates were the tenth highest paid at $62,100. Assuming the starting salary of petroleum engineering graduates stays the same for the next 10 years, what annual increase in pay would be required for civil engineering graduates to receive the same starting salary as that of petroleum engineering graduates?
What will be an ideal response?
62,100(1 + f)¹? = 93,500
1 + f = (1.50564)^0.1
f = 0.0418 (4.18% per year)
You might also like to view...
Explain the unitized system installation process.
What will be an ideal response?
Which is an example of a value added service during the repair process?
A. The technician washes the car B. The technicians assigned to the repair has the skill to check over the vehicle for other potential problems C. The technician takes the customer to lunch D. The technician performs additional repairs that are not authorized by the customer
Different cattle breeds are adapted to different climates
Indicate whether the statement is true or false
What are the most common sizes for the shank on a socket handle?
A) 3/8 in., 3/4 in., and 1 in. B) 1/2 in., 3/4 in., and 1 in. C) 1/8 in., 1/4 in., and 3/4 in. D) 1/4 in., 3/8 in., and 1/2 in.