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The California Institute of Technology has topped a new league table of US colleges by graduate earnings for the second year in a row. The rankings, compiled by salary comparison platform PayScale, examined 2,500 schools, including 1.4 million surveyed graduates. Ivy League institutions were notably absent from the top 10, but technical colleges specialising in Science, Technology, Engineering, and Maths (STEM) made a strong showing. As the demand for STEM specialists grows, their average earnings continue to exceed those of humanities graduates.
Top 10 colleges to apply to if you want to make a lot of money
The level of earnings after college graduation depends on many factors. An important one is the place of study, according to CNBC.
If your goal after graduating from college is to earn the highest possible salary, take a look at the 10 colleges in the list below. The rating is based on data from the Department of Education on the earnings of American college graduates. It is noteworthy that the list includes only two Ivy League colleges, known for their highest academic rankings and very expensive education.
10 educational institutions whose graduates earn more than others
1 California Institute of Technology
- Median income 10 years after graduation: $112,166
- Average graduate student loan debt: $17,747
2. Massachusetts Institute of Technology
- Median income 10 years after graduation: $111,222
- Average student loan debt: $13,418
3 Harvey Mudd College
- Median income 10 years after college: $108,988
- Average student loan debt: $22,089
4 Bentley University
- Median income 10 years after graduation: $107,974
- Average student loan debt: $25,000
5 University of Pennsylvania
- Median income 10 years after graduation: $103,246
- Average student loan debt: $16,763
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6. Carnegie Mellon University
- Median income 10 years after graduation: $99,998
- Average student loan debt: $22,014
7Stevens Institute of Technology
- Median income 10 years after graduation: $98,159
- Average student loan debt: $27,000
8 Stanford University
- Median income 10 years after graduation: $97,798
- Average student loan debt: $12,000
9 Georgetown University
- Median income 10 years after graduation: $96,375
- Average student loan debt: $16,500
10 Princeton University
- Median income 10 years after graduation: $95,689
- Average student loan debt: $10,450
It should not be surprising that several technical colleges made the list. These institutions specialize in vocational education, especially in science, technology, engineering and mathematics (STEM). Now there are many vacancies in this area, and such specialists are paid very well.
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