Thursday, July 31, 2008

Dartmouth Grads Scrape By

Ten to Twenty years out of school, Dartmouth grads earn more money on average than the alumni of other American schools according to a recent study compiled by PayScale.com. Edging out the second place Princeton alums, who make $131,000 a year, the average Dartmouth alumnus makes $134,000 ten to twenty years after his graduation. The findings are particularly remarkable considering that recent graduates (within the last five years) make $58,000—good enough for only 18th place when compared to their peers. Forbes, which reported the findings, largely attributed the success of Dartmouth graduates to the loyal and tight alumni network. While Monica Wilson of career services, told Forbes that the success was based on the College’s success at creating well-rounded people. Dartmouth also placed well when schools' top ten percent of earners were averaged, coming in second behind Yale.

17 comments:

Katherine J. Murray said...

http://online.wsj.com/article/SB121746658635199271.html

Which school pays off the most? According to the survey, graduates of Dartmouth College, an Ivy League college, earn the highest median salary -- $134,000.

Opposed to Puffery said...

Of course, another interpretation for the difference between the stellar earnings of alumni 10-20 years after graduation ($134k), and the low earnings of grads only five years out ($58k), is that Wright/Furstenberg grads don't measure up to the Dartmouth alums of yore.

Just speculatin'...

Where's John Bruce? said...

This thread is right up John's alley.

I-Banker 03 said...

I bet there are a lot of Dickey/Dickerson grads making squat.

more to life said...

I presume our young ('03) I-Banker is referring to graduates from the time of John Sloan Dickey and Al Dickerson. All is not measured in dollars!

money makes the world go around said...

Actually I-banker, the story here is that the Kemeny/McLaughlin grads are pulling in the dough, while you and your peers are making squat.

Liza said...

Yes it does!

Money makes the world go around.

Gordon said...

I agree.

I-Banker 03 said...

I'm actually a Kemeny/Chamberlain grad. So I'm one of the lucky ones with all the money. And I also have time to waste here. I was just taking some good-natured swipes at my elders and my juniors.

huh? said...

Kemeny was not the president in '03.

Fed Up Alum said...

Actually, much as I dislike admitting it, 10-20 years ago was the Freedman era, so he might get the credit for the big bucks earned by grads from that time.

Of course, you could posit a time lag in all of this, and suppose that today's low earners are the result of Freedman's poor hires and policies.

Following that logic, one might assume that today's grads, after 10 years of Jimbo, will end up in the poorhouse!

I-Banker 03 said...

Or maybe we are trying to draw conclusions where there are none to be drawn.

Phil said...

i think the methodology they used was partially flawed. any grads who went on to MBAs/JDs/MDs etc were excluded. a school like harvard which has a higher percentage (relative to dartmouth) of its graduates going on to those grad programs will be hurt in the statistics they used.

Anonymous said...

Phil (of Punxsutawney): go back in your weenie hole for another 6 weeks...

Anonymous said...

What's so funny is that Forbes is also the same magazine that most recently ranked Dartmouth 128 in its college rankings. A school with the best alumni salaries is no where near the best schools to attend. Funny how that works.

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