Monday, July 20, 2009

Do Elite Colleges Produce the Best-Paid Graduates? - Economix Blog - NYTimes.com

Do Elite Colleges Produce the Best-Paid Graduates? - Economix Blog - NYTimes.com:

Yes. At least somewhat. But even at small schools, many make more than their large school counterparts.

"Majors matter. Quantitative-oriented degrees – like engineering, science, mathematics and economics — filled most of the top 20 slots in both highest starting median salaries and highest mid-career median salaries."

and later:


"There’s a lot of variation within each school, which means the lowest-paid graduates of a very elite school may earn less than the highest-paid graduates of a much less elite school.

For example, Mr. Lee suggests comparing Black Hills State University (B.H.S.U.), the school with lowest median pay, to Dartmouth College. The 75th percentile mid-career pay of B.H.S.U. is comparable to the 10th percentile mid-career pay of Dartmouth grads.

In other words, one in four B.H.S.U. grads earns more at mid-career than one in 10 Dartmouth grads.

This variation within a school is called a “spread.”"

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