Dollars & Sense

April 7, 2010

Online salary database PayScale.com undertook recently to rank American schools by their students’ average income upon graduation, and then again ten years out. Things broke down thus:

  1. Dartmouth College ($58,000 / $129,000)
  2. MIT ($71,000 / $126,000)
  3. Harvard University ($60,000 / $126,000)
  4. Harvey Mudd College ($71,000 / $125,000)
  5. Stanford University ($67,000 / $124,000)
  6. Princeton University ($65,000 / $124,000)
  7. Colgate University ($51,000 / $122,000)
  8. University of Notre Dame ($55,000 / $121,000)
  9. Yale University ($56,000 / $120,000)
  10. University of Pennsylvania ($60,000 / $118,000)

This year wasn’t the first that Dartmouth topped the list; though its graduates start at one of the lower top-ten median salaries, their rise in earnings over the subsequent ten years is largely due to an alumni network legendary for its loyalty.

Al Lee, PayScale’s Director of Quantitative Analysis, doesn’t give much credence to his report, though: “Even more than where you go to school, the degree you get is a bigger influencer of your pay for the vast majority of Americans.” True, Mr. Lee… but then again, the vast majority of Americans didn’t go to any of these schools.

Dartmouth wins again.

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