Lawrence Tech graduates rank third in Michigan for the starting salaries of its graduates, according to a survey by the website smartasset.com.
The average starting salary for LTU graduates is $54,300, compared to the national average of $43,242. In Michigan, only the graduates of Kettering University and Michigan Technological University make more. Graduates of the University of Michigan placed fourth.
The results can be found on the map at smartasset.com/student-loans/student-loan-calculator#michigan/salary
This survey supports the findings of the 2015 Payscale College Salary Report, which found that LTU graduates with a bachelor’s degree earned an average of $58,300 early in their careers and $97,600 by mid-career.
The average mid-career salary for recipients of bachelor’s degrees from LTU ranked 83rd among more than 1,000 colleges in the Payscale survey. LTU has the best ranking among colleges in the metropolitan Detroit region. For more, visit www.payscale.com/college-salary-report/bachelors.
A study released earlier this year by the prestigious Brookings Institution ranks Lawrence Technological University fifth in the country among its peers for providing the most value-added in preparing its graduates for well-paying occupations. CBS MoneyWatch has hailed the leaders identified in the overall study as the new “college superstars.”
Brookings found that LTU added 18 percent more value – virtually the same as the California Institute of Technology – with respect to occupational earnings power compared to four-year institutions with similar characteristics and students.
The goal of the Brookings study was to go beyond the traditional rankings that reward colleges that primarily admit rich, smart students who can be expected to do better in their careers than most college graduates. Instead, the Brookings researchers wanted to determine if colleges actually made a difference in preparing their students for successful careers.