How much $ can you expect to earn with a BA from BC versus other Mass schools?

Colleges & Universities Boston College
1

<p>A 2009 study done by Payscale.com on how much students with a BA from elite universities earn compared to other schools. The study excludes those students who go on to get JDs, MDs, PhDs, MBAs, Master’s in order to see the effects a BA has on earnings. Here is how well BC stacks up against other schools in Mass:*</p>

<p>Legends: School Name:Starting Median Salary / Mid-Career Median Salary</p>

<p>Rankings by Starting Median salary </p>

<p>1) MIT: $71.1/ $126k
2) WPI: $61.1k / $110k
3) Harvard: $60k / $126k
4) Amherst College: $54.9k / $109k
5) BC: $51.5k / $101k
6) Northeastern: $51.3k / $87.7k
7) Williams College: $49.4k / $103k
8) BU: $48.8k / $91.1
9) Tufts University: $48.2k / $105k
10) Umass Lowell: $47.9k / $90k
11) Umass Amherst: $46.4k / $81.3k
12) Umass Boston: $46.2k / $75k
13) Smith College: $44.7k / $77.7k
14) Umass Dartmouth: $44.4k / $78.5k
15) Wellesley College: $43.1k / $88.3k
16) Mount Holyoke: $42.1k / $89.6k
17) Wheaton College: $41.8k / $83.4k</p>

<p>Rankings by Mid-Career Median salary:</p>

<p>1) Harvard: $60k / $126k

  1. MIT: $71.1/ $126k
  2. WPI: $61.1k / $110k
  3. Amherst College: $54.9k / $109k
  4. Tufts University: $48.2k / $105k
  5. Williams College: $49.4k / $103k
    **6) BC: $51.5k / $101k **
  6. BU: $48.8k / $91.1k
  7. Umass Lowell: $47.9k / $90k
  8. Mount Holyoke: $42.1k / $89.6k
  9. Wellesley College: $43.1k / $88.3k
  10. Northeastern: $51.3k / $87.7k
  11. Wheaton College: $41.8k / $83.4k
  12. Umass Amherst: $46.4k / $81.3k
  13. Umass Dartmouth: $44.4k / $78.5k
  14. Smith College: $44.7k / $77.7k
  15. Umass Boston: $46.2k / $75k</p>

<p>Lesson #1: If you want to make a lot of money with just a BA, go to engineering school.
Lesson #2: Don’t count out state schools as a good short-term investment on your education. </p>

<p>*Brandeis did not participate in the study.
Source: [Top</a> US Colleges ? Graduate Salary Statistics](<a href=“http://www.payscale.com/best-colleges/top-us-colleges-graduate-salary-statistics.asp]Top”>http://www.payscale.com/best-colleges/top-us-colleges-graduate-salary-statistics.asp)</p>

2

<p>Assuming you’re paying full-tuition at each school, which gives you the best return for your investment?</p>

<p>Legend:
School name (tuition): Starting Median Salary / Rate of return ( = starting median salary / tuition)</p>

<p>The rate of return is what you get back for every dollar you invest in a school. For example, a dollar of tuition invested in Harvard gets a 63% return (or $1.63). In perspective, in the stock market, a return of just 30% will earn you the adoration of Wall Street and millions of business school graduates. Even Bernie Madoff’s outrageous promise of return only reached 46%. </p>

<p>Short term Returns of Investment:

  1. Umass Lowell (10.4k instate, 22.8k out-state): $47.9k / 360% rate of return for instate tuition/ 110%out state
  2. Umass Amherst (10.2k instate, 21.7k out-state): $46.4k / 355% instate / 114% out state
  3. Umass Boston (10.6k instate, 22.8k out-state): $46.2k / 336% instate / 102%
  4. Umass Dartmouth (10.3k instate, 20k out-state): $44.4k / 331% instate / 122% out state
  5. MIT (37.8k tuition): $71.1k/ 88%
  6. WPI (37.4k tuition): $61.1k / 63.36%
  7. Harvard (36.8k tuition): $60k / 63.04%
  8. Northeastern (35.4k): $51.3k / 44.9%
  9. Amherst College (38.9k): $54.9k / 41%
    **10) BC (39.1k): $51.5k / 31.7% **
  10. BU (38.4k) : $48.8k / 27%
  11. Williams College (39.5k): $49.4k / 25%
  12. College of the Holy Cross (38.7k): $46.6k / 20.4%
  13. Tufts University (40.3k) : $48.2k / 19%
  14. Smith College (37.7k): $44.7k / 18%
  15. Wellesley College (38k): $43.1k / 13.4%
  16. Mount Holyoke (39.1k): $42.1k / 7.6%
  17. Wheaton College (39.8k) : $41.8k / 5%</p>

<p>Legend:
School name (tuition): Mid-career Median Salary / Rate of return ( = starting median salary / tuition)</p>

<p>Long Term Returns:

  1. Umass Lowell (10.4k instate, 22.8k out-state): $90k / 765.4% rate of return for instate tuition/ 294.7%out state
  2. Umass Amherst (10.2k instate, 21.7k out-state): $81.3k / 697% instate / 274.6% out state
  3. Umass Dartmouth (10.3k instate, 20k out-state): $78.5k / 662% instate / 292.5% out state
  4. Umass Boston (10.6k instate, 22.8k out-state): $75k / 607% instate / 229%
  5. Harvard (36.8k tuition): $126k / 242.4%
  6. MIT (37.8k tuition): $126k/ 233%
  7. WPI (37.4k tuition): $110k / 194%
  8. Amherst College (38.9k): $109k / 180%
  9. College of the Holy Cross (38.7k): $104k / 168.7%
  10. Williams College (39.5k): $103k / 160.7%
  11. Tufts University (40.3k) : $105k / 160.5%
    **12) BC (39.1k): $101k / 158% **
  12. Northeastern (35.4k): $87.7k / 148%
  13. BU (38.4k) : $91.1k / 137%
  14. Wellesley College (38k): $88.3.1k / 132.3%
  15. Mount Holyoke (39.1k): $89.6k / 129%
  16. Wheaton College (39.8k) : $83.4k / 109.5%
  17. Smith College (37.7k): $77.7k / 106%</p>

<p>Lesson #1: Education is the BEST investment you could ever make. Duh!
Lesson #2: State schools are among the best education investments. They beat out many elite private institutions in term of return for investment.</p>

<p>P.S. I forgot to include Holy Cross in the previous post. Holy Cross’s numbers are $46.6k for starting median salary and $104k for mid-career. That should puts it 11th in starting median salary ranking and 5th in mid-career.</p>

3

<p>The punchline here appears to be: It doesn’t matter where you go, as long as you go.</p>

<p>VERY cool posting, Reddune. Thanks.</p>

4

<p>i saw this as well…not much of a difference and i would agree that basically as long as you go in your in the clear. I am curious to see the MBA statistics…not sure if it’s worth getting an MBA in finance from BC or just working after i get my BA</p>