Ivy Leaguers Start Ahead, Stay Ahead

Take that English degree to Wall Street and you'll still cash in
By Clay Dillow,  Newser Staff
Posted Aug 1, 2008 12:35 PM CDT
Brittney Exline, 15, of Colorado Springs, Colo., center left, walks with her mother, Chyrese Exline, on the University of Pennsylvania campus in Philadelphia, Tuesday, Aug. 28, 2007.   (AP Photo/George Widman)
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(Newser) – How much you make correlates with where you went to school, a new study finds. Bachelor’s degree holders’ salaries grow at the same rate over the first decade of their careers regardless of the school, the Wall Street Journal reports, but Ivy League graduates’ median starting salary is 32% higher than that of liberal arts grads, a disparity sustained at 34% 10 years into their careers.

But how much credit does Harvard deserve? Said a management consultant: "What we still don't know is whether or not it's the training or education the school provides that drives these pay differences, or if the people from those schools are just wired to self-select into jobs that are likely to be paid more."