September 9, 2024

Colleges & universities

CBS News -  For its College Salary Report, Payscale analyzed data, including education and employment histories, of more than 3 million college graduates to rank schools and majors based on future salaries degree-holders earn. The new ranking demonstrates that graduates of certain institutions command higher pay on average than those of others.

Bachelor's degree holders from Massachusetts Institute of Technology  and Princeton University command the highest salaries, according to the report. MIT grads earn an average mid-career salary of $196,900, while Princeton grads command average paychecks of $194,100. In third place, United States Naval Academy graduates earn $187,800 on average. Four Ivy League schools made the top 10. 

One's area of focus in school can also have a big effect on future pay, the report shows. Students who choose to study science, engineering and mathematics generally outearn those who study liberal arts after graduation.

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