Some schools are linked to high, post-graduation salaries.
With the cost of earning a bachelor's degree as high as it is, many students take their college search very seriously. After all, no one wants to make a significant investment of their time and money only to regret attending a specific school four years later.
For this reason, PayScale released the results of its 2013-2014 College Salary Report in a press release. While students shouldn't let the size of a paycheck force them into studying a field they aren't passionate about, it doesn't hurt to see which schools and majors have a reputation for providing attractive salaries.
High Pay Awaits Some Graduates of…
No student is guaranteed a high salary - or even a job - after they finish their undergraduate studies at a specific college. However, PayScale was able to identify certain schools that graduate individuals who go on to earn a lot midway through their careers.
California's Harvey Mudd College was found to have the highest alumni mid-career median salary of the 1,016 schools PayScale looked at. According to the report, graduates of the college had a mid-career median salary of $143,000, while the median starting salary was $73,300.
The United States Naval Academy at Annapolis, Md., was behind Harvey Mudd College with a mid-career median salary of $131,000. Tied for third place were the California Institute of Technology and the Stevens Institute of Technology in New Jersey. Both schools had mid-career median salaries of $124,000.
Babson College in Massachusetts, Princeton University in New Jersey and Stanford University in California were also found to produce graduates that earn high mid-career median salaries.
"Salary potential after graduation isn't the whole equation, but it's an incredibly important part, and we think there are more ways this data can be utilized," said Lydia Frank, PayScale's consumer marketing director, in the press release.
High Pay Awaits Some Students Who Major in…
According to the report, students who focus their studies on petroleum engineering could be setting themselves up for career success, as this major had the highest mid-career median salary of $160,000. Those who majored in actuarial mathematics and nuclear engineering followed, with mid-career median salaries of $120,000 and $117,000, respectively.
While students who pursue degrees in these fields may one day receive high salaries, it's important for others to remember that majoring in a specific subject doesn't mean they are confined to a certain pay range.