Sep 13, 2013 - Claremont, Calif. -
According to PayScale’s 2013-14 College Salary Report, HMC ranked No. 1 with a median mid-career salary of $143,000, followed by the United States Naval Academy at No. 2 with $131,000 and California Institute of Technology at No. 3 (tied with Stevens Institute of Technology) with $124,000. Rounding out the Top 10 were Babson College, Princeton University, the United States Military Academy (at West Point), Stanford University, Harvard University and Brown University, in that order.
PayScale surveyed 1.4 million graduates from 1,016 schools that enroll more than 75 percent of the nation’s undergraduates. Only graduates who possess a bachelor's degree are surveyed; PayScale does not include graduates who go on to earn a master's degree, M.B.A., M.D., J.D., Ph.D., or other advanced degree. Mid-career salaries are defined as at least 10 years experience in a career or field.
Harvey Mudd had the second highest median starting salary at $73,300. The highest starting salaries were earned by alumni from the U.S. Naval Academy and the United States Military Academy (at West Point) at $77,100 and $74,000, respectively; however those figures on average represent salaries for positions taken after alumni completed five years of military service post-graduation, as PayScale includes only civilian jobs.
PayScale issues a separate report annually for college return on investment. The 2013 College ROI Report, published in May 2013, ranked HMC at No. 1 for investment value, followed by Caltech, MIT, Stanford, Princeton and Harvard.
Media contact: Judy Augsburger