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Attending These 10 Colleges Can Boost Your Salary Significantly (by as Much as $94K)

f11photo / iStock.com
f11photo / iStock.com

Higher education is often associated with higher earnings. For instance, in 2021, the median earnings of workers with a master’s or higher degree were $74,600, or 21% higher than the earnings of those with a bachelor’s degree — $61,600.

See: 8 Passive Income Streams That Aren’t Worth It
Find: What To Do If You Owe Back Taxes to the IRS

And the median earnings of those with a bachelor’s degree were 55% higher than the earnings of those who completed high school, according to the National Center for Education Statistics.

However, degrees from certain universities can increase salaries by much more — as much as $94,000. A new Wall Street Journal/College Pulse Salary Impact ranking listed schools in order of their impact on graduates’ salaries and how this relates to the cost of attending the college.

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Here are the top 10:

1. University of Pennsylvania — Philadelphia, Pa.

  • Average net price: $14,851

  • Time to pay off net price: 8 months

  • Value added to graduate salary: $84,761

2. Princeton University — Princeton, N.J.

  • Average net price: $11,080

  • Time to pay off net price: 6 months

  • Value added to graduate salary: $82,433

3. Columbia University — New York, N.Y.

  • Average net price: $12,836

  • Time to pay off net price: 8 months

  • Value added to graduate salary: $71,540

4. Massachusetts Institute of Technology — Cambridge, Mass.

  • Average net price: $5,084

  • Time to pay off net price: 2 months

  • Value added to graduate salary: $94,213

5. Harvard University — Cambridge, Mass.

  • Average net price: $13,259

  • Time to pay off net price: 9 months

  • Value added to graduate salary: $65,114

6. Stanford University — Stanford, Calif.

  • Average net price: $7,200

  • Time to pay off net price: 4 months

  • Value added to graduate salary: $79,187

7. Missouri University of Science and Technology — Rolla, Mo.

  • Average net price: $12,682

  • Time to pay off net price: 10 months

  • Value added to graduate salary: $56,672

8. Claremont McKenna College — Claremont, Calif.

  • Average net price: $20,114

  • Time to pay off net price: 1 year, 1 month

  • Value added to graduate salary: $69,374

9. Yale University — New Haven, Conn.

  • Average net price: $16,341

  • Time to pay off net price: 11 months

  • Value added to graduate salary: $66,961

10. Babson College — Wellesley, Mass.

  • Average net price: $31,267

  • Time to pay off net price: 1 year, 6 months

  • Value added to graduate salary: $81,604

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This article originally appeared on GOBankingRates.com: Attending These 10 Colleges Can Boost Your Salary Significantly (by as Much as $94K)