Top Colleges For Getting Rich

by michelle.sundvick | July 31, 2008 at 09:18 am
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Dartmouth College

Dartmouth College

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If earning a lot of money is high on your list of priorities as a college student, then here's a list to be familiar with when considering your school of choice.  PayScale.com has compiled a list of U.S. colleges that continuously produce some of the highest paid graduates of the country. Although it's true that the alumni from these schools are welcomed into the workforce with a higher mediam salary than your average student, this study focuses in particular on the earnings of alumni with 10 to 20 years of work experience.

 

As a university student myself, I understand the prestige factor that comes with attending one of these schools. It's true they boast exceptional teachers and, in general, a more advanced curriculum; however, if you've got the drive and intelligence to get to the top, there's nothing stopping you from earning salaries comparable to these alumni. I am not alone in my opinion:

"The Ivies and other A-league schools have a lot of prestige because they're supposed to open doors and lead to successful careers. But people who believe that are fighting the last war," says Loren Pope, author of Colleges that Change Lives, a book that extols the virtues of small liberal arts colleges.
I'm not saying that these students aren't the cream-of-the-crop, because they are. I just don't believe it's the only path to a high paying job. Though the connections and networks of influential people available to students that attend these colleges help inevitably.
While many rankings look at what newly minted college graduates are making, we ranked the schools based on the pay of alumni with 10 to 20 years of work experience. After all, it is not how you start but how you finish. "Starting salaries do not tell you a whole lot, but there is a real divergence in dollar terms as you go over the course of a career," says Al Lee, director of quantitative analysis at PayScale.com.

Graduates of Dartmouth College finished on top of the list with a median compensation of $134,000, edging out alumni of Princeton University who finished second with a median comp of $131,000.
Looking at the pay of alumni with less than five years of work experience, Dartmouth trails 18 other colleges with an average paycheck of $58,000, although most top schools are bunched closely together. The two outliers are Stanford University with median pay of $70,400 and Massachusetts Institute of Technology, where recent grads earn $72,200 thanks to lucrative engineering jobs secured straight out of school.
Here's the link to the actual list of Top Colleges For Getting Rich: http://www.forbes.com/2008/07/30/college-salary-graduates-lead-cz_kb_0730topcolleges_slide_2.html?thisSpeed=20000

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Yale University on a quiet day

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azzayindia
azzayindia
flagged this story as Good Stuff

at 20:31 on July 31st, 2008

michelle.sundvick, I like this story. It's good stuff.

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First Flagged at 8:31 PM, Jul 31, 2008 by azzayindia
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