Current:Home > StocksA college degree can boost your pay — but so can your alma mater. Here are top colleges for income. -WealthSpot
A college degree can boost your pay — but so can your alma mater. Here are top colleges for income.
View
Date:2025-04-27 12:22:39
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! (641)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- The viral song 'Rich Men North of Richmond' made its way to the RNC debate stage
- Kansas judge seals court documents in car chase that ended in officer’s shooting death
- Launch of 4 astronauts to space station bumped to Saturday
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- What exactly is colostrum, the popular supplement? And is it good for you?
- 'Hawaii is one family': Maui wildfire tragedy ripples across islands
- Ukraine marks Independence Day and vows to keep fighting Russia as it remembers the fallen
- All That You Wanted to Know About She’s All That
- Historic Rhode Island hotel damaged in blaze will be torn down; cause under investigation
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Anthony Richardson's potential, pitfalls on display in Colts' preseason win vs. Eagles
- Foo Fighters' Dave Grohl jams with Taylor Hawkins cover band: Watch here
- 4 arrested in twin newborn Amber Alert case in Michigan; many questions remain unanswered
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- For Trump, X marks the spot for his social media return. Why that could really matter
- Chicken N' Pickle, growing 'eatertainment' chain, gets boost from Super Bowl champs
- Why Alyson Stoner Felt Uncomfortable Kissing Dylan and Cole Sprouse on Zack & Cody
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Far away from Trump’s jail drama, Ron DeSantis and his family head to Iowa’s ‘Field of Dreams’
Dispatcher fatally shot in Arkansas ambulance parking lot; her estranged husband is charged
Attention road trippers! These apps play vacation planner, make life on the road a dream
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Lawsuit over deadly seaplane crash in Washington state targets aircraft operator and manufacturer
3 dead, 6 injured in mass shooting at Southern California biker bar, authorities say
The Morning Show Season 3 Trailer Unveils Dramatic Shakeups and Takedowns