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How Much Should I Be Expecting To Make Getting Right Out Of College

I am an Elec. Engineer starting a job right after college. What is expected of me?

I am not sure of your Elec. , Is Electronics engineer or Electrical engineer.For electronic engineer, you may decide in which domain or electronic engineering field you want to work, like Embedded, automation etc..For electrical engineer, you may go with power domain , or automation also…But the thing is, Now days company hires fresh graduate as Graduate Engineer Trainee, give them training according to company profile, and then assign them a perticular job profile, like production, quality, marketing etc.. depending on company.As fresh graduate, you consider some points which are definitely helpful,like ready to learn new technologies, ready to relocate. There are more things than this, but one thing is, in corporate world, you must able to deliver a Required output to organization, then and then you will be successful in your carrier.Hope this will give you some idea, and best of luck for your carrier.

How much money does a recent college grad expect as a starting salary in their field?

Cannot be answered with any $ number in general. You need to be more specific in your question. One thing you have to be clear on: Private sector salaries do not depend on your degree, but rather on the responsibility level of the position in the job you get.The starting salaries will depend in which country, during what year, and how much degree competition you are talking about. And of course in which field. Usually a degree in gender studies will command a lower starting salary than a degree in, say, petroleum engineering.Also whatever $ number you obtain today may not tbe the same next year or in 4–5 years when you graduate.Staring salaries vary very much with the economic outlook and the number of large projects that a company or even a country undertakes. And also depends if there are many college graduates with the same type of degree looking for work.For instance, in he USA, during the 60`s and 70`s when NASA was at its zentih in fast paced dead-line projects with manned Mercury, Gemini and the Apollo programs they, plus all the contractors and all the subcontractors were crying for more aerospace engineers, so these degrees were comanding a bigger starting salary than other engineering fields. (the old law of supply and demand). But this did not apply in other countries during the same decade that were not in the space race. Later, at the end of the 70s, the demand for these types of engineers dwindled with the ending of the Apollo program and sudddenly there was a surplus of aerospace engineers competing for scarcer aerospace jobs. So their starting salary dropped.Same ocurred during the 80s and 90s with Computer and Software Engineers. And so on and on,… there are many examples of degrees that were high in demand then went low, then high again then low again, for various reasons. Then there are also some college degrees that have become obsolete for finding a job, any job, and others that are on their way to doing so.The starting salary will also depend on the specific moment in history. For example in a developing country with a a lot of infrastructure development and construction projects, the Civil and Project Engineers will comand a larger starting salary.

How much do I make after getting out of Berklee College of Music? Is it $100,000 plus, or a little less?

Going to Berklee doesn't guarantee you any success in the music industry. Too many people focus on rising stars like John Mayer and expect to follow turn upon leaving the school. Yes, Berklee is a great place for networking and learning the top technology within the field. But don't expect to coast into fame. You do the work, you open the doors.A degree from Berklee is just that, a piece of paper. A VERY expensive piece of paper.My experience there was awesome. I was challenged by amazing teachers, keeping pace with incredibly talented peers. I skipped through years because I went to Berklee my fourth year of college. But I also watched some incredibly lazy people turn use the experience as an excuse to have a 24 hour party.As an educator, my opinion is that Berklee doesn't survey students well enough and thus does not challenge what could be brilliant students. There aren't high enough standards of acceptance and thus first semester for entering students is generally spent learning to read and write music, you wouldn't expect entrance to any other college without being able to read and write English at AT LEAST a high school level, right?At the and time, students are force fed information and expected to regurgitate it on command. For example their coverage of the systems of modes. Spending only a semester on each.I appreciate every experience I had at Berklee and definitely consider myself a Berklee Cat. Someday, I may even push to teach there.But do not, for one moment, think that a degree from Berklee or any school will guarantee a salary upon graduation. The world just doesn't work like that anymore, if it ever did.

What should I expect in the first week of college?

You will have homework immediately. In fact, get your textbooks and read 50- 100 pages or so before the first class. Think I'm kidding about this?

You need to be prepared for an immediate lecture and the professor talking as fast as is humanly possible. Write fast. No one takes attendance.

Find someone the first day to exchange notes with. Sometime you or they will get sick, so you want some one to get the notes from.

Find all your classes, and estimate how long it will take to get to each. Don't ever plan to park in a no parking zone the first day. The college expects this and will tow anyone away. So figure $200-$300 to get your car out of hock. Those shuttle buses are the best bet. Try them out before you have an actual classes.

Find a junk food cart on the street at the college, and eat that junk food item for luck. Stay hooked on it. Mine was egg rolls. Would make a special trip when I was too far away, but didn't go too often.

People are now very serious since this is where you will learn adult occupational skills. No one is playing anymore, so skip most, if not all, parties.

Every class will have major tests about the same frequency. So there will be 3-4 main exams. No more pop tests will happen. You may think a 500 member class would be too large for the professor to grade after a test. You would be wrong. The TA's do this. (teacher's assistants)

If a class or professor does not seem to work for you, drop this class as fast as you can. This is something you need to learn to do to protect your GPA. You need to know how to do this at the very beginning. So do you want a low GPA or do you want a bunch of withdrawals on your final transcript? The WD's don't count in the GPA calculation.

Don't try to overload yourself with too much to do. A 12 hour load is plenty. You can go to summer school if need be. Homework is different here. You may be expected to read 2 books a week in ONE class. It's 14 weeks long.

How long should I wait to find a job after graduating college?

If you are hungry and want a good job, I would start applying before you graduate and start doing interviews. Ideally start the process 6-months before graduation.If you don't really care and have a good cushion to fall back on financially and have never traveled, I would say wait until after you come back (and expect to add 3-6 months after you return before starting the new job).Do the math: majority of your graduating class will be applying a week or so after the final exams/papers. Everyone intends to do it a few weeks before those finals, but alas, they are in the crunch zone and have other priorities. Hence waiting until that point puts you in the same bucket as every other direct competitor with near identical qualifications as you. If you wait 6-months so you can travel, that's fine --but note that there is a type of person that does that as well. Just expect that statistically it is not like a summer job where you can get it over the weekend. My first job after my engineering degree involved 5 separate interviews (1 involving a flight to another city) and took 3 months. That is likely the exception to the rule, but HR decisions for new grads are not top top priority and take time, go through the motions, sit on someone's desk for approval, budget constraints (if they hire you and the other 3 guys in Q2 vs. Q3 changes things, etc.).

Is paying off college loans manageable?

I just finished undergraduate school with no loans. I am very glad. However, my degree is such that I can't do much with it unless I get a Masters. So, I'm in graduate school right now. I have to take out loans, and I'm expecting to take out a considerable amount to pay for two years of grad school. Now, even when I get my Master's degree, I will likely get a job that only pays $35,000/year, if that. I'm planning on going into teaching, and at a Catholic school.

So, my question is: should I be overly concerned about paying back my loans? Has anyone else here taken out college loans and was able or are able to pay them back, even though one wasn't in a big-bucks paying profession?

I really appreciate the advice!

Can a student straight out of college get mortgage loan?

You do not have to work at least two years to qualify for a mortgage loan. They require two years of employment history, which in your case would include your time as a student in school. A $200K mortgage with $50K down would probably put your total house payment in the $1400 range. That would be roughly 26% of your gross monthly income if you find that $65K job, which is well within standard lending guidelines. Your 20% down payment is a strong factor in your favor and you will need to have a good credit history established.
Two years on a job is not required, but the standard for lenders is to determine your income is likely to continue for at least two years. If you have an employment contract, or if your employer will confirm your employment is likely to continue you can get a loan right out of college.

How much does FAFSA pay for your college tuition?

There is no set percentage FAFSA gives out regardless of what you've heard. What FAFSA does count is how much money the school is giving so let's say that your school gives out $5,000 to you in financial aid and scholarships. The FAFSA will review that and then award you aid depending on your family's income. Suppose you are a dependent (majority of college students are) and your parents are only able to afford to pay $6,000 per year, the FAFSA will give you the remaining money in form of Unsubsidized and Subsidized Stafford Loans and Pell Grants and many other (SMART or TEACH or SEG) for which the information is available on their website.
My tuition for freshman year was $30,000 and first year I got $11,000 in scholarships and $9,000 in federal money (subsidized, unsubsidized loans, grants, etc) and my mom had to take a $10,000 loan (FPLUS). This year it went up to $32,000 and I got $11,000 in scholarships, $15,000 in government aid and had to pay $6,000 out of my pocket (which we took out another loan for) so I am guessing the more financially troubled your family is, the more they pay. Not to say you should act like you are in trouble to get more money because one of my friends registered as an independent and got 100% tuition to pay for college and fed. gov. found out he was still a dependent and ordered him to pay ALL the money back!! Ouch! He never thought it could happen. He still doesn't have a clue how they found out!! No lie, I'll give you his name and you can google it because it was a top story at that time!

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