ÎÞÓÇÊÓÆµ Ranks Second in Nation for Graduates’ Earning Potential
September 28, 2012Share story
ÎÞÓÇÊÓÆµ alumni earn the second highest mid-career salaries of all U.S. college and university graduates, according to PayScale’s 2012-2013 College Salary Report. Moving up from last year’s No. 3 spot, HMC ranked No. 2 with a median mid-career salary of $135,000.
Princeton University held the No. 1 spot for the second year in row, with a median mid-career salary of $137,000. California Institute of Technology slipped from second to third position at $127,000. Massachusetts Institute of Technology ranked No. 6, and Stanford ranked No. 10.
HMC rose to No. 1 in the category “Best Engineering Colleges by Salary Potential,� up from last year’s No. 2 spot. Caltech moved to No. 2, and MIT remained at No. 3.
HMC also ranked first in the category “Best Liberal Arts Colleges by Salary Potential,� followed by the U.S. Naval Academy, the U.S. Military Academy at West Point and Williams College, respectively.
PayScale’s 2012-13 College Salary Report reviews 1,058 schools by graduates’ starting and mid-career salaries. Starting salary data for 2012-13 put HMC at No. 5 with a median starting salary of $66,800. Graduates from West Point earn the highest starting salaries with a median of $76,000, followed by the U.S. Naval Academy at No. 2 with $72,200 and MIT at No. 3 with $68,400.
PayScale issues a separate report annually for college return on investment. The 2012 College ROI Report, published in April 2012, ranked HMC at No. 1 for investment value, followed by CalTech, MIT, Stanford, Princeton and Harvard.
According to PayScale, all data used for the 2012-13 report were collected from employees who completed their employee survey. PayScale only includes data from graduates who possess a bachelor’s degree; they do not include graduates who go on to earn a master’s degree, MBA, M.D., J.D., PhD, or other advanced degree. Starting salaries are defined as five years of experience or less; mid-career salaries are defined as 10 or more years of experience in a field.