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<p>Hate to burst the “alternative” bubble, but more Wesleyan students go into business than any other field (probably similar to other NESCAC schools). The smaller endowment is not due to alumni earnings, or lack thereof. Back in the 80’s, Wesleyan had an endowment equal to that of Williams and Amherst. A lack of a capital campaign prior to the stock market runup of the 90’s, combined with a spend-it-not-save-it policy on fundraising and ill-timed major capital projects has led to the current state of Wesleyan’s endowment. The policies have been rectified, but Wes finds itself far behind many of its peers in endowment funds.</p>