Current:Home > ScamsA college degree can boost your pay — but so can your alma mater. Here are top colleges for income. -TrueNorth Finance Path
A college degree can boost your pay — but so can your alma mater. Here are top colleges for income.
View
Date:2025-04-14 17:36:33
College is viewed by many economists — and parents — as key to securing a rewarding, well-paying job. New research now indicates that which college you attend can also have a lifelong impact on your earnings, with grads from top-ranked universities such as Princeton and MIT far out-earning the typical college grad.
By mid-career, or at least 10 years after their diploma, alums of Princeton and MIT received the highest salaries among all college grads, at almost $190,000 annually on average, according to a new analysis from PayScale. Meanwhile, college graduates between 25 and 64 years old earned median incomes of $74,154 last year, according to recent data from the U.S. Census Bureau.
Overall, the universities and colleges that lead to the best-paying careers after graduation are Ivy League colleges, technical universities such as MIT and private academies, PayScale said of its findings.
Parents and students are increasingly scrutinizing the cost of a college education and its return on investment given the soaring price of a four-year degree, which has pushed student debt up to $1.8 trillion and has saddled 44 million Americans with loans that could take years to pay off. Increasingly, researchers say there are two factors that can influence the payoff from a bachelor's degree: A student's major, as well as the college they attend.
Elite institutions can help lift a graduate's earnings, which could be through mechanisms such as alumni support networks or even bias toward grads of these schools. One recent study from Harvard economists found that the impact of getting an elite education can be significant, with grads of Ivy League schools and other top institutions 60% more likely to have incomes among the top 1% compared with those who didn't attend those colleges.
Payscale's analysis is based on alumni salary data of 3.47 million respondents, representing 2,475 associate's and bachelor's degree-granting institutions throughout the U.S.
Colleges with the lowest-earning grads
But not every college grad is raking in six-figure-plus salaries, according to PayScale. Indeed, institutions with alums who earn among the lowest mid-career salaries tend to be religious colleges and some state institutions, the analysis found.
For instance, at the bottom of its rankings are a number of Christian colleges whose grads earn slightly more than $60,000 annually at mid-career.
That could also be influenced by those colleges' focus of study, given that Americans who earn theology or related degrees tend to earn less than other college grads. Youth ministry majors earn an average of $61,700 annually at their mid-career level, PayScale found, placing that major at No. 776 out of the 799 majors tracked by the analysis.
You can search PayScale's database here for your alma mater to see what the typical grad earns at early and mid-career, with the former representing alumni with 0 to 5 years experience and the latter tracking people at least 10 years after graduation.
The top 20 colleges for mid-career pay
1. Princeton University: $189,400 (tied)
1. Massachusetts Institute of Technology: $189,400 (tied)
3. United States Naval Academy: $181,500
4. Harvey Mudd College: $179,600
5. Stanford University: $177,500
6. Babson College: $175,200
7. Colgate University: $173,800
8. Dartmouth College: $173,300
9. Santa Clara University: $173,100
10. University of Pennsylvania: $171,800
11. Harvard University: $171,400
12. United States Military Academy: $171,000
13. Williams College: $169,200
14. Stevens Institute of Technology: $168,700
15. California Institute of Technology: $168,600
16. Yale University: $168,300
17. Lehigh University: $168,200
18. Claremont McKenna College: $167,000 (tie):
18. University of Berkeley, California: $167,000 (tie)
20. United States Air Force Academy: $166,100
Top and bottom 10 majors by income at mid-career
Top 10:
1. Petroleum Engineering: $212,500
2. Operations Research & Industrial Engineering: $191,800
3. Interaction Design: $173,600
4. Applied Economics and Management: $164,400
5. Building Science: $163,100
6. Actuarial Mathematics: $160,000 (tie)
6. Operations Research: $160,000 (tie)
8. Systems Engineering: $159,100
9. Optical Science & Engineering: $158,300
10. Information & Computer Science: $157,800
Bottom 10:
1. Early Childhood & Elementary Education: $56,500
2. Outdoor Education: $55,200
3. Baking & Pastry Arts: $54,900
4. Mental health: $52,900
5. Child & Family Studies: $52,700
6. Equine Studies: $52,500
7. Addictions Counseling: $52,200
8. Nonprofit Administration: $52,100
9. Early Childhood Education: $50,600
10. Metalsmithing: $44,900
- In:
- College
veryGood! (94)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Miss Switzerland Finalist Kristina Joksimovic's Remains Allegedly Pureed in Blender by Husband
- Rams hilariously adopt Kobie Turner's 'old man' posture on bench. Is it comfortable?
- A teen accused of killing his mom in Florida was once charged in Oklahoma in his dad’s death
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Before that awful moment, Dolphins' Tyreek Hill forgot something: the talk
- A teen accused of killing his mom in Florida was once charged in Oklahoma in his dad’s death
- Pilots of an Alaska Airlines jet braked to avoid a possible collision with a Southwest plane
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Takeaways from AP’s story about a Ferguson protester who became a prominent racial-justice activist
Ranking
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- In 2014, protests around Michael Brown’s death broke through the everyday, a catalyst for change
- Bozoma Saint John talks Vikings, reality TV faves and life while filming 'RHOBH'
- Tua Tagovailoa is dealing with another concussion. What we know and what happens next
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- 2024 Emmy Awards predictions: Our picks for who will (and who should) win
- Jason Kelce Introduces Adorable New Member of His and Kylie Kelce’s Family
- American Airlines flight attendants ratify contract that ends their threats to go on strike
Recommendation
South Korean president's party divided over defiant martial law speech
Arkansas county jail and health provider agree to $6 million settlement over detainee’s 2021 death
Why Billie Eilish Skipped the 2024 MTV VMAs
Pac-12 expansion candidates: Schools conference could add, led by Memphis, Tulane, UNLV
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Officers who beat Tyre Nichols didn’t follow police training, lieutenant testifies
Lake Powell Plumbing Will Be Repaired, but Some Say Glen Canyon Dam Needs a Long-Term Fix
Meet the cast of 'The Summit': 16 contestants climbing New Zealand mountains for $1 million