WELLESLEY, Mass., Aug. 31, 2015 /PRNewswire-USNewswire/ -- Babson once again is the top private business school for salary potential of graduates, according to the 2015–2016 PayScale College Salary Report.
Babson is joined in the top 10 by Harvard, Caltech, MIT, and Stanford.
Overall, Babson and Princeton tied at 7th for salary potential of all alumni who earned a bachelor's degree including, but not limited to, those who went on to earn additional degrees from any school. Babson is ranked 9th for alumni who earned a bachelor's degree and did not go on to earn any additional degrees.
According to PayScale, Babson was selected as the No. 1 private business school because alumni, of both the undergraduate and graduate schools, earn:
- Early Career Pay of $60,800
- Mid-Career Pay of $128,000
"Massachusetts is also home to one of the best business schools in the United States. Babson College is a business-focused school where even students who don't go on to earn an MBA report big earnings," says PayScale.
"At a moment when there is so much discussion about whether a college education is worth the investment, Babson is incredibly proud to be preparing our students in a way that allows them to become top earners as they create great economic and social value everywhere," said Babson President Kerry Healey.
PayScale College Salary Report Methodology
All data used to produce PayScale's 2015–2016 College Salary Report were collected from employees who successfully completed PayScale's employee survey. Self-employed, project-based, and contract employees are not included. For example, project-based graphic designers and architects, and nearly all small business owners and novelists, are not included. Learn more about the methodology »
"Earning potential is just one piece of information that college applicants should consider when evaluating school and major choice, but it's certainly not the only factor that matters," said PayScale Senior Editorial Director Lydia Frank. "However, we want to see fewer college graduates struggling with student debt after graduation. Part of the solution is financial literacy and helping students understand their ability to pay back student debt. And, part of the solution lies with schools and policymakers to ensure that education is not out of reach for a large percentage of the nation's youth."
Creator of the largest database of individual compensation profiles in the world containing more than 40 million salary profiles, PayScale Inc. provides an immediate and precise snapshot of current market salaries to employees and employers through its online tools and software. PayScale's products are powered by cloud software, crowdsourced data, and unique algorithms that dynamically acquire, analyze, and aggregate compensation information for millions of individuals in real time. Publisher of the quarterly PayScale Index™, PayScale's subscription software products for employers include PayScale MarketRate™, PayScale Insight™, and PayScale Insight Expert™. PayScale's cloud compensation software is used by more than 3,000 customers including Bloomberg BNA, Cummins, Warby Parker, Clemson University, and Signature HealthCARE. For more information, visit PayScale's website or follow @PayScale on Twitter.
About Babson College
Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds®. The top-ranked College for entrepreneurship education, Babson is a dynamic living and learning laboratory where students, faculty, and staff work together to address the real-world problems of business and society. We prepare the entrepreneurial leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to make a difference in the world, and have an impact on organizations of all sizes and types. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought and Action® as the most positive force on the planet for generating sustainable economic and social value.
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