🍃 Power Purchase Agreements up 75%. $182K Graduate Salary. US Physicians.
Chart of the Day #63 looks at University Rankings, Corporate Power Purchase Agreements, and US Physicians.
Greece received approval from the European Commission to allocate €1 billion for two major renewable energy projects to be completed by mid-2025. Nvidia and artificial intelligence healthcare firm Hippocratic AI have partnered to create generative AI agents that can outperform human nurses on video calls but also come at a significantly lower cost per hour.
Today's Topics
🎓 University Ranking. $182K median 10-year salary for MIT students
🍃 Power Purchase Agreements. +75% YoY growth in PPAs by EMEA
🧑⚕️ US Physicians. 55+ age group dominates US physician population
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🎓 $182K Median 10-Year Salary for MIT Students
Massachusetts Institute of Technology (MIT) is ranked fourth in the world by Forbes, and its graduates have the highest 10-year median salary at $182,000 among US colleges. Princeton University, ranked first in the US by Forbes, followed closely and has the second-highest 10-year median salary of $177,300 with an average student debt of $7,200. Columbia University, ranked sixth, has the highest average student debt burden at $13,300 per year, while its median 10-year salary is only $150,000.
Student debt is a significant consideration for those attending college in the US, as the majority of students take on student loans, with an average of $28,950 owed per borrower. Initiatives are being taken to offer a solution, with the Biden administration recently canceling student debt for 150,000 people. Universities are also increasing financial access, with MIT announcing tuition-free access for families who have typical assets and whose incomes are below $140,000.
🍃 +75% YoY Growth in PPAs by EMEA
Corporations globally are increasingly opting for renewable energy purchase agreements driven by environmental standards. Tech giants, with their energy-intensive operations like cloud computing, AI, and data centers, are major contributors to this trend. Amazon retained its position as the largest purchaser of clean energy, adding 8.8GW of power purchase agreements across 25+ countries in 2023.
Last year, disclosed offtake agreements hit a record 46GW, up 12% from 2022, contributing significantly to emission reduction targets despite economic challenges. While the US records the highest level of cumulative power purchases, Europe, Middle East, and Africa (EMEA) saw a remarkable 75% YoY increase in 2023, reaching 15.4 GW, driven mainly by countries like Spain, Germany, the UK, and the Netherlands in Europe.
🧑⚕️ 55+ Age Group Dominates US Physician Population
Medical specialties vary widely in the expertise and experience they demand from practitioners. Specializations like Pulmonary Disease, Preventive Medicine, and Radiology involve intricate diagnoses, complex treatments, and nuanced patient care, requiring physicians to accumulate extensive experience over many years of practice. Consequently, it is common to find a majority of physicians in these fields to be 55 years of age and older.
On the other hand, fields like Physical Medicine, Rehabilitation, and General Practice focus on more general aspects of healthcare delivery, often involving less complex procedures and patient management. These specialties typically require fewer years of training and may attract younger individuals seeking to establish their careers in medicine. As a result, these areas tend to have a higher proportion of younger physicians compared to their counterparts.
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