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slides: New England Colleges With the Highest-Paid Grads 2013-14

Saturday, September 14, 2013

 

As New England's college students settle in to their classes, it's time to ask the question: who will emerge with the best salaries, and who will do the best overall when it comes to earnings? 

This is the driving question behind PayScale's annual College Salary Report, and the results for 2013-14 have just been released. 

For the 20 New England colleges with the highest paid graduates, check out the ranking, plus starting and mid-career salaries, below. 

Brown University ties with Harvard

In PayScale's new ranking, Providence's own Brown University tied with Harvard University for the #2 spot in New England (#8 nationally) for highest salary potential (as indicated by PayScale's mid-career salary figure). The second-highest scoring Rhode Island college on the salary ranking was Bryant University, which ranked #136 nationally with a mid-career salary of $88,900.

Rhode Island colleges + salaries

Following Brown and Bryant were:

#146 Providence College, with a starting salary of $49,100 and mid-career salary of $88,100;

#223 RISD, with a starting salary of $39,400 and a mid-career salary of $83,500;

#398 University of Rhode Island (URI), with a starting salary of $46,700 and a mid-career salary of $76,100;

#492 Rhode Island College, with a starting salary of $39,800 and a mid-career salary of $72,100;

#518 Roger Williams University, with a starting salary of $43,000 and a mid-career salary of $71,300;

#654 Salve Regina University, with a starting salary of $46,100 and a mid-career salary of $66,800; and 

#800 Johnson & Wales University, with a starting salaray of $40,700 and a mid-career salaray of $62,600.

How much is that first degree really worth? 

To arrive at its rankings, PayScale focused on the salaries of bachelor degree holders--not those who have gone on to gain higher degrees. For 2013-14, PayScale tabulated data from 1.4 million bachelor-degree only, full-time civilian employees working in the US (self-employed, project-based, and contract employees not included). The sample size for each school included ranges from ~100 profiles to several thousand profiles, depending largely upon the size of the school.

Assessing salaries

For assessing graduating salary, Payscale tabulated data for full-time employees with five years of experience or less in their career or field who held a bachelor’s degree and no higher degrees; the typical (median) starting employee was 25 years old and had two years of experience. For mid-career salary (the basis of the rankings), Payscale assessed salaries of  full-time employees with at least 10 years of experience in their career or field who held a bachelor’s degree and no higher degrees; typical (median) mid-career employee was 42 years old with 15 years of experience.

For its assessment of salary, PayScale combined base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime, and other forms of cash earnings, as applicable. (Salary did not include equity compensation, which can be a significant portion of pay for some executive and high-tech job. In addition, salary did not include cash value of retirement benefits, or value of other non-cash benefits, e.g. healthcare.) For more on PayScale's methodology, go here

What were the Top 20 New England colleges with the highest paid graduates in the new ranking? Check out the ranking, plus starting and mid-career salaries, below. 

Prev Next

#19T Colby College

National salary rank: 109 (T)

Starting salary: $49,000
Mid-career salary: $91,500

Backgrounder:

Colby College is a private liberal arts college located on Mayflower Hill in Waterville, Maine. Founded in 1813, it is the 12th-oldest independent liberal arts college in the United States.

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#19T Bates College

National salary rank: 109 (T)

Starting salary: $44,700
Mid-career salary: $91,500

Backgrounder:

Bates College is a private liberal arts college located in Lewiston, Maine, in the United States.The college was founded in 1855 by abolitionists.

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#18 Bentley University

National salary rank: 106

Starting salary: $54,700
Mid-career salary: $91,800

Backgrounder:

Bentley University is a private co-educational university in Waltham, Massachusetts, 10 miles (16 km) west of Boston. Founded in 1917 as a school of accounting and finance in Boston's Back Bay neighborhood, Bentley moved to Waltham in 1968.

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#17 Fairfield University

National salary rank: 92

Starting salary: $50,100
Mid-career salary: $93,800

Backgrounder:

Fairfield University is a private, co-educational undergraduate and master's level teaching-oriented university located in Fairfield, Connecticut. It was founded by the Society of Jesus in 1942.

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#16 Wesleyan University

National salary rank: 90

Starting salary: $43,900
Mid-career salary: $93,900

Backgrounder:

Wesleyan University is a private liberal arts college in Middletown, Connecticut, USA, founded in 1831. Wesleyan is the only Baccalaureate College in the nation that emphasizes undergraduate instruction in the arts and sciences, provides graduate research in many academic disciplines, and grants PhD degrees primarily in the sciences and mathematics.

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#15 UMass Lowell

National salary rank: 80

Starting salary: $50,000
Mid-career salary: $95,100

Backgrounder:

The University of Massachusetts Lowell (also known as UMass Lowell or UML) is a public university in Lowell, MA, and part of the University of Massachusetts system. With more than 1,100 faculty members and more than 16,000 students, it is the largest university in the Merrimack Valley and the second-largest public institution in the state behind UMass Amherst.

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#14 Boston College

National salary rank: 80

Starting salary: $50,200
Mid-career salary: $95,100

Backgrounder:

Boston College (BC) is a private Jesuit research university located in the village of Chestnut Hill, Massachusetts. It has 9,200 full-time undergraduates and almost 5,000 graduate students.

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#13 Middlebury College

National salary rank: 70

Starting salary: $51,900
Mid-career salary: $96,300

Backgrounder:

Middlebury College is a private liberal arts college located in Middlebury, Vermont. Founded in 1800, it is one of the oldest liberal arts colleges in the United States. Drawing 2,500 undergraduates from all 50 states and over 70 countries, Middlebury offers 44 majors in the arts, humanities, literature, foreign languages, social sciences, and natural sciences.

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#12 Mass. Maritime

National salary rank: 44

Starting salary: $54,700
Mid-career salary: $102,000

Backgrounder:

Massachusetts Maritime Academy (also called Maritime, Mass Maritime or MMA) is a regionally accredited, coeducational, state college offering undergraduate degrees in maritime-related fields, as well as graduate degrees and professional studies.

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#11 Dartmouth College

National salary rank: 44

Starting salary: $55,000
Mid-career salary: $102,000

Backgrounder:

Dartmouth College is a private, Ivy League university in Hanover, New Hampshire. The institution comprises a liberal arts college, Geisel School of Medicine, Thayer School of Engineering, and the Tuck School of Business, as well as 19 graduate programs in the arts and sciences.

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#10 Amherst College*

National salary rank: 40

Starting salary: $53,000
Mid-career salary: $104,000

Backgrounder:

Amherst College is a private liberal arts college located in Amherst, Massachusetts. Amherst is an exclusively undergraduate four-year institution; Students choose courses from 35 major programs in an unusually open curriculum.

*data utilized from 2012 based on insufficient data from 2013

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#9 Holy Cross

National salary rank: 36

Starting salary: $45,600
Mid-career salary: $106,000

Backgrounder:

The College of the Holy Cross (or, Holy Cross) is an undergraduate Roman Catholic liberal arts college located in Worcester, Massachusetts. Founded in 1843, Holy Cross is the oldest Roman Catholic college in New England and one of the oldest in the United States.

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#8 WPI

National salary rank: 33

Starting salary: $62,100
Mid-career salary: $107,000

Backgrounder:

Worcester Polytechnic Institute (WPI) is a private university located in Worcester, Massachusetts. Founded in 1865 in Worcester, WPI was one of the United States' first engineering and technology universities.

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#7 Williams College

National salary rank: 20

Starting salary: $50,400
Mid-career salary: $111,000

Backgrounder:

Williams College is a private liberal arts college located in Williamstown, Massachusetts. It was established in 1793 with funds from the estate of Ephraim Williams. Originally a men's college, Williams became co-educational in 1970.

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#6 Tufts University

National salary rank: 17

Starting salary: $48,800
Mid-career salary: $115,000

Backgrounder:

Tufts University is one of America's leading private research universities, located in Medford/Somerville, near Boston. The university is organized into ten schools, including two undergraduate programs and eight graduate divisions, on four campuses in Massachusetts.

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#5 Yale University

National salary rank: 12

Starting salary: $50,000
Mid-career salary: $117,000

Backgrounder:

Yale University is a private Ivy League university located in New Haven, Connecticut. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States.

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#4 MIT

National salary rank: 11

Starting salary: $68,600
Mid-career salary: $118,000

Backgrounder:

The Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific, engineering, and technological education and research.

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#2T Brown University

National salary rank: 8 (T)

Starting salary: $52,300
Mid-career salary: $119,000

Backgrounder:

Brown University is an American private Ivy League research university located in Providence, Rhode Island. Founded in 1764 prior to American independence from the British Empire as the College in the English Colony of Rhode Island and Providence Plantations, Brown is the third oldest institution of higher education in New England and seventh oldest in the United States.

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#2T Harvard University

National salary rank: 8 (T)

Starting salary: $55,300
Mid-career salary: $119,000

Backgrounder:

Harvard University is an American private Ivy League research university located in Cambridge, Massachusetts, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States.

Prev Next

#1 Babson College

National salary rank: 5

Starting salary: $59,700
Mid-career salary: $123,000

Backgrounder:

Babson College is a private business school located in Wellesley, Massachusetts near Boston. Founded in 1919, the school offers a Bachelors in Science degree as well as a masters degree in business.

 
 

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