School Choice Matters: How Finance Students’ Alma Mater Impacts Their Future Salaries

Sergio Gruber
Sergio Gruber News Business
3 Min Read

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 .

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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 .

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Sergio Gruber
By Sergio Gruber Financial Writer
Hello, my name is Sergio Gruber and I am a finance editor with a specialization in blockchain and cryptocurrency. I have a deep understanding of how the financial world is being transformed by these exciting technologies. I received my degree in Finance Editing from Western Washington University, where I learned how to combine my passion for writing and financial analysis. Since then, I have worked with a number of high-profile publications, helping to educate and inform readers about the latest developments in the world of blockchain and cryptocurrency.
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