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Top 10 Biomedical Engineering Schools by Salary in 2016

    Money

You don't need to get a master's degree or spend a fortune to land a good-paying engineering job right out of school. But where you go to school really does matter.

Nancy Crotti

Pssst! Want to make some good money fast? Go to engineering school. (And if you already did, pat yourself on the back.) 

Engineers with baccalaureate degrees continue to draw among the highest median starting salaries in the nation.That's according to The Economic Value of College Majors, published by Georgetown University. Engineering degrees in general generate among the highest starting salaries for new college graduates, and a master's degree isn't needed unless the student wants to teach at a university, according to an article in U.S. News & World Report.

According to the U.S. Bureau of Labor Statistics, biomedical engineers take home an average salary of $91,230-- more than the roughly $88,000 that is the average for civil and mechanical engineers and slightly lower than materials engineers' salary of $94,690. Still, biomedical engineers take home less pay on average as do electrical engineers, computer hardware engineers, and chemical engineers. 

(Want to see how your salary compares with that of your peers in the medical device and diagnostics industry? Check out MD+DI's Medtech Salary Survey 2016.)

It still matters where you go to school, though. We took a look at StartClass's highest-rated colleges and universities that confer biomedical engineering degrees to see whose grads the industry values most. It's Stanford University, by a longshot, where new grads pull down a median starting salary of $98,000.

The Ivy League scored three slots in our listing, with Cornell and  Columbia universities and the University of Pennsylvania. The biggest bang for your buck with the highest probability of getting in (if you live in Illinois or are willing to establish residency) is the University of Illinois at Urbana-Champaign. (Note: In the case that there was a discretion between in-state vs. out-of-state tuition, in-state amounts were use.)

Check out our top 10 (with a few ties). 

Continue >>

Brush up on your medical device industry knowledge at MD&M Minneapolis, November 8–9, 2017.

Nancy Crotti is a contributor to Qmed.

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[Money image from Pixabay]

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