During the past 20 years, the author has watch China move from being a developing country into an industrial superpower
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Students without job offers three months after graduation
in 2009: 19%
in 2007: 13%
Median starting salary
in 2009: $95,000
in 2007: $90,000
Even in Tennessee, where many Vanderbilt students head into the state's booming health and biotech industries, the school's job offers still took a hit. The offer rate three months out in 2009 was down 12 percentage points from 2008. And while salary was up $5,000 since 2007, signing bonuses fell off a cliff: the number of employed students receiving bonuses was down 31 percentage points from 2007, landing at just 46% in 2009.
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