Current:Home > reviewsA college degree can boost your pay — but so can your alma mater. Here are top colleges for income. -Dynamic Money Growth
A college degree can boost your pay — but so can your alma mater. Here are top colleges for income.
View
Date:2025-04-19 08:20:47
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! (12716)
Related
- North Carolina justices rule for restaurants in COVID
- China’s Ability to Feed Its People Questioned by UN Expert
- Adding Batteries to Existing Rooftop Solar Could Qualify for 30 Percent Tax Credit
- Christine King Farris, sister of Martin Luther King Jr., dies at age 95
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Pence meets with Zelenskyy in Ukraine in surprise trip
- Susan Boyle Shares She Suffered a Stroke That Impacted Her Singing and Speech
- Jill Duggar Was Ready to Testify Against Brother Josh Duggar in Child Pornography Case
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- North Dakota colleges say Minnesota's free tuition plan catastrophic for the state
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Cameron Boyce Honored by Descendants Co-Stars at Benefit Almost 4 Years After His Death
- Changing Patterns of Ocean Salt Levels Give Scientists Clues to Extreme Weather on Land
- Titan investigators will try to find out why sub imploded. Here's what they'll do.
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Abbott Elementary’s Tyler James Williams Addresses Dangerous Sexuality Speculation
- Experts Divided Over Safety of Indian Point Nuclear Power Plant
- NFL suspends 4 players for gambling violations
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Titan investigators will try to find out why sub imploded. Here's what they'll do.
Energy Production Pushing Water Supply to Choke Point
Trump’s Weaker Clean Power Plan Replacement Won’t Stop Coal’s Decline
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Prince Harry Feared Being Ousted By Royals Over Damaging Rumor James Hewitt Is His Dad
On the Frontlines of a Warming World, 925 Million Undernourished People
Bling Empire Stars Pay Tribute to “Mesmerizing” Anna Shay Following Her Death