College Graduates - Who Earns the Most?

I recently stumbled upon a Wall Street Journal article that talked about the earnings of college graduates. This got me thinking - which college graduates tend to earn the most post-graduation? Is it generally those from Ivies or other prestigious colleges? And how significant is the difference in earnings?

While it's true that graduates from Ivy League and prestigious universities often report higher average salaries, the relationship between university prestige and post-graduation earnings is not quite as straightforward.

Firstly, earnings can significantly vary depending on the major. For instance, STEM graduates often earn substantially more compared to those in the Humanities, regardless of the college's prestige. For example, an engineering graduate from a state university might earn more than a philosophy graduate from an Ivy League school.

Secondly, location plays a role in salary differences. A graduate working in metropolitan areas or tech hubs (such as San Francisco or New York) tends to earn more than those in smaller towns or rural areas due to the higher cost of living and the presence of high-paying industries.

Thirdly, the professional network and opportunities for internships usually offered by prestigious universities can lead to high-earning job opportunities. Ivy League and similar institutions have strong alumni networks which can open up opportunities that might not be available elsewhere.

It's important to note, however, that attending a highly prestigious university is not a guaranteed ticket to high earnings. Employers emphasize practical skills, internships, and work experiences as much as the name of the college on a candidate's resume.

For quantifiable insight, you might refer to College Scorecard, a website by the U.S. Department of Education that shows the median salary of students from specific universities 10 years after they began their studies. You'll find dramatic differences across universities.

Remember, while post-graduate earnings may be a consideration, it shouldn't be the sole determining factor in choosing a college. Consider factors like academic programs on offer, college culture, location, resources, and your fit with the environment.