Pay wise, Ivy League degree may not be all its cracked up to be: Washington Post

MIT Station Center by architect Frank Gehry.
Education Images | UIG | Getty Images
MIT Station Center by architect Frank Gehry.

Ivy League universities are synonymous with well-paid, career-track jobs, but a new report suggests they may not yield the best starting salaries.

Breaking down the closely watched U.S. News and World Report's college ranking guide, The Washington Post reports that if beginning pay scales were the sole indicator, none the country's four top universities—Harvard, Yale, Princeton and Columbia—would even crack the top 10 or 20 schools. Instead, the highest starting salaries belong to top military and tech schools that churn out graduates that major in math and science.

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According to the data from PayScale, the schools with the highest median beginning salary belongs to the U.S. Naval Academy, where alumni earn $80,000 right out of college, followed by Harvey Mudd College, a liberal arts school that specializes in math and physical sciences ($76,000), and West Point ($75,000).

California Institute of Technology and the Massachusetts Institute of Technology, both considered elite institutions though not Ivy League, round out the top five.

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Read the full story here.

—By CNBC.com staff