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Survey: Master’s degrees in O.R. pay off

© dotshock

© dotshock

Individuals with a master’s degree in operations research rank third highest in terms of mid-career salaries, according to a recent survey by Forbes. The findings, part of Forbes’ 2016-2017 College Salary Report, combed data for nearly 200 graduate-level degrees and ranked them according to the mid-career salaries of full-time U.S. employees who hold specific degrees.

Mid-career operations researchers with master’s degrees average $129,000 in annual salary, according to the survey, just below those with master’s degrees in nurse anesthesia ($156,000) and computer science and engineering ($134,000) and just ahead of those with master’s degrees in electrical and electronics engineering and taxation. MBAs were omitted from the survey.

As expected, those with master’s degrees in STEM disciplines dominated the top of the list, with chemical engineering, biomedical engineering, industrial engineering and applied mathematics all finishing in the top 10 with mid-career wages between $115,000 and $121,000.

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Study: Salaries for early career data scientists decrease for first time

Salaries for early career data scientists decreased year over year for the first time in four years as did the percentage of early career data scientists with a Ph.D. while demand for data scientists continued to increase, according to a recently released Burtch Works’ 2017 salary study of data scientists. Salaries for more experienced data scientists generally held steady or increased slightly depending on an individual’s focus area, responsibility and geographic base, according to the report. Read more →

Generous health insurance plans encourage overtreatment, but may not improve health

Offering comprehensive health insurance plans with low deductibles and co-pay in exchange for higher annual premiums seems like a good value for the risk averse, and a profitable product for insurance companies. But according to a forthcoming study in a leading scholarly marketing journal, the INFORMS journal Marketing Science, such plans can encourage individuals with chronic conditions to turn to needlessly expensive treatments that have little impact on their health outcomes. This in turn raises costs for the insurer and future prices for the insured. Read more →

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