Attending an Ivy League school in the United States is a dream for many students. There is a certain connection between attending a prestigious school and landing a high-paying job, with individuals from Ivy League backgrounds often gaining advantages in their future career and life success. So, how do the incomes of graduates from Ivy League schools fare?
A survey conducted by The Princeton Review (TPR) found that for students applying to colleges this year, Harvard University was ranked as the top “dream school.” Other Ivy League schools such as Princeton University, Yale University, Columbia University, and Brown University also made it to the top ten “dream schools.” There are plenty of reasons why students aspire to attend Ivy League schools or similar prestigious institutions.
These schools offer world-class education, often featuring courses taught by respected mentors and experts in various fields. The achievements of Ivy League school alumni also attest to this fact.
Alumni of Ivy League schools frequently land high-paying jobs at top companies or start their own successful businesses. For example, Matt Salzberg, a Harvard University graduate, is a co-founder of Blue Apron; while two Harvard Business School classmates, Jennifer Hyman and Jennifer Fleiss, co-founded the clothing rental company Rent the Runway.
While many Ivy League graduates come from affluent backgrounds, these students, regardless of the university they attend, have the potential to secure high-paying jobs. Moreover, these prestigious schools tend to provide generous financial aid to low-income students.
According to the College Scorecard by the U.S. Department of Education, here are the CNBC compiled average annual salaries of graduates from eight Ivy League schools who received federal financial aid, along with the average cost of attendance per year and average debt at graduation.
– Average annual salary 10 years after graduation: $112,761
Average annual cost of attendance: $26,138
Average debt at graduation: $15,715
– Average annual salary 10 years after graduation: $110,433
Average annual cost of attendance: $8,143
Average debt at graduation: $10,320
– Average annual salary 10 years after graduation: $98,321
Average annual cost of attendance: $29,651
Average debt at graduation: $14,000
– Average annual salary 10 years after graduation: $97,540
Average annual cost of attendance: $23,497
Average debt at graduation: $21,500
– Average annual salary 10 years after graduation: $95,961
Average annual cost of attendance: $18,535
Average debt at graduation: $12,975
– Average annual salary 10 years after graduation: $95,540
Average annual cost of attendance: $31,120
Average debt at graduation: $17,500
– Average annual salary 10 years after graduation: $95,114
Average annual cost of attendance: $19,500
Average debt at graduation: $14,000
– Average annual salary 10 years after graduation: $87,811
Average annual cost of attendance: $27,157
Average debt at graduation: $11,428