Most of us lived with the mantra of, “Study hard so you can get into a good school.”
But does it really matter where you attend college? A new study may provide the answer.
Here’s the data from PayScale, which based its numbers on 1.2 million people who reported their salaries and educational background.
One thing to keep in mind: The survey is based only on respondents whose highest degree is a BA – so many high-paying jobs aren’t included. This was done to determine the schools that are the “best investment”:
- 10 years or more after graduation, Dartmouth students have the highest median mid-career salary.
- Looking at the first five years after graduation, Loma Linda University has the highest median starting salary.
- Overall, the best starting salaries came from engineering schools. In the “starting salary” category, they comprised eight of the top 10 schools.
- For mid-career pay, the Ivy Leagues made five of the top 10.
The survey also takes a look at majors – and which ones lead to the highest or lowest salaries. Here are the top 10 college majors, ranked from high to low mid-career salaries:
- Aerospace engineering
- Chemical engineering
- Computer engineering
- Electrical engineering
- Mechanical engineering
- Computer science
- Industrial engineering
- Environmental engineering
And now the bottom 10 majors, from lowest to highest:
- Social work
- Elementary education
- Hospitality and tourism
- Fine arts
To see the entire survey results, click here.
What are your thoughts on the value of getting into a ‘good’ school? How important is it? Let us know in the comments section below.
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