First, Money rates each college based on the median earnings of graduates within five years of starting their career and again after more than 10 years. Then it calculates separate scores that adjust for each college's student demographics and mix of academic majors. A college that graduates an unusually large number of public-school teachers, for example, would see its earnings adjusted upward, so it would not be penalized for focusing on public service. A college with many science and engineering majors, who are typically higher paid, would have its earnings adjusted down.
This is where Babson excels. It offers one undergraduate major, a bachelor of science in business. Babson graduates who logged onto Payscale reported earning almost $60,000 early in their careers, and $123,000 after more than 10 years. Those numbers are comparable to Harvard, Princeton, Stanford and Caltech. Because Babson isn't as selective as those institutions, and business majors typically don't earn as much as, say, computer engineers, Babson's statistically adjusted earnings also stand out.
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Over all, the Money list of top-earning colleges is a mix of elite universities with a pipeline to high-paying finance and management consulting jobs, and colleges like Cooper Union and the Colorado School of Mines, which are tightly focused on specific, well-paying professions.
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