A nonprofit research organization the Burning Glass Institute did a study to uncover the influence of a student’s choice of college on their future finance career and earnings potential . The results highlight significant differences in salaries based on where a finance student graduates from . In this article we present you with a list of top colleges for high paying jobs in finance.
The Power of Prestige
According to data published by The Wall Street Journal graduates with a finance degree from prestigious private institutions can earn a significant salary premium compared to the median Bachelor of Arts graduate . Remarkably an MIT graduate can earn nearly $50,000 more which is equivalent to a significant annual salary . Similarly graduates from the University of Chicago outperform their peers with a $31,833 premium and surpass the University of Virginia’s $19,676 average premium .
Ivy League Dominance and Regional Impact
Among the top private colleges Ivy League institutions secure five out of the ten spots showing their dominance in finance education . Notably New York boasts several featured schools including Columbia University, Binghamton University, CUNY Bernard M Baruch College, Stony Brook University and SUNY at Albany . Middlebury College stands out as the only private school on the list .
Here is a shortened version of the top 10 private and public colleges based on the report:
Top 10 Private Colleges:
Massachusetts Institute of Technology: $48,051 premium salary
Harvard University: $39,879 premium salary
Princeton University: $39,094 premium salary
University of Pennsylvania: $39,092 premium salary
Dartmouth College: $37,768 premium salary
Yale University: $34,148 premium salary
Columbia University in the City of New York: $33,354 premium salary
Duke University: $32,568 premium salary
Middlebury College: $32,326 premium salary
University of Chicago: $31,833 premium salary
Top 10 Public Colleges:
University of Virginia – Main Campus: $19,676 premium salary
University of Michigan – Ann Arbor: $18,818 premium salary
Binghamton University: $18,268 premium salary
University of California – Berkeley: $18,040 premium salary
William and Mary: $15,559 premium salary
CUNY Bernard M Baruch College: $14,416 premium salary
Rutgers University-New Brunswick: $14,386 premium salary
Stony Brook University: $11,414 premium salary
University of California – Los Angeles: $10,653 premium salary
SUNY at Albany: $10,479 premium salary
In conclusion the choice of college significantly impacts the future earning potential of finance graduates . The study points out the advantage of attending prestigious private institutions and sheds light on the regional impact with New York standing out as a hub for finance education . As students navigate their educational paths considering the potential long term financial benefits of their school choice becomes crucial in the pursuit of a successful finance career .