Getting your bachelor’s degree from virtually any college can dramatically increase your earning potential.
Among full-time workers ages 25 to 34, those with a bachelor’s degree earned a median of $61,600 a year in 202, compared with a median of just $39,700 among those with only a high school diploma, according to the National Center for Education Statistics.
Degrees from certain colleges, however, can boost your earnings even more. A degree from the University of Pennsylvania may have the biggest impact on your salary, adding an estimated $80,000 a year, according to The Wall Street Journal’s rankings of U.S. colleges and universities.
A school’s reputation matters to employers who may actively recruit from top schools or be impressed to see certain names on your resume. But the on-campus experience is important too, and Penn seems to help its students find their way to successful careers in a variety of fields.
“I met a lot of really interesting, smart, engaged people there,” Emma Morgenstern, senior producer of food podcast “The Sporkful” and a Penn alum, tells CNBC Make It.
“There were a lot of opportunities to make my own way there,” Morgenstern says. “It’s bigger than some of the other Ivy League schools, so there’s more opportunities because of that, but still the attention from faculty and professors.”
The Wall Street Journal used two metrics to rank colleges by overall salary impact:
- The impact one college will have on your salary versus similar colleges
- The length of time it will take you to pay for that college based on average net price and the estimated value the college added to your salary. Net price is defined as the average amount students pay to attend the college each year after financial aid and scholarships.
Unsurprisingly, five of the eight Ivy League schools are in the top 10 colleges with the biggest salary impact. Only one public school — Missouri University of Science and Technology — made it into the top 10.
These are the 10 colleges and…
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