Do Ivy league graduates earn more?

 Chris Wodke

http://www.summittrainingpublications.com/

If you go to Harvard will you make more money in your lifetime than if you went to the University of Wisconsin at Madison or even UWM?   Does it lead to lifetime employment? Are you at a disadvantage if you go to a state school like Madison or UWM? Should you fork over the big bucks to get the name of a prestigious

A study was done by economists Stacy Dale and Alan Krueger to determine if your alma mater affects your lifetime income.

They found it depends. Black, Latino, low income students or students whose parents were not college graduates did earn more it they attended an elite university. The researchers felt the increase in income came from the connections they formed during their education. They may also have acquired networking skills that their middle class counterparts already had. The networks connections you make in college can be critical to your later success in life.

For white students the picture is a bit different.  They found if a student had high SAT scores and applied to elite universities it did not matter if they attended. If they had the ability to attend an elite university, but did not attend there was no affect on their future income.  The major reason for the increased income of graduates from elite schools is the students themselves. It may have nothing to do with the schools.  Good news for those of you with high SAT scores that cannot afford Duke or Princeton. Your success in life depends on your brains and drive, not the name of the institution on the diploma.  If you have the right stuff you will make a good living over your entire lifetime. So don’t worry about which school you attend. Follow your passion, use your talents and the money will follow.

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