<p>it's all about harvardians earning more than others...</p>
<p>let's put it on the table:</p>
<p>what does an "average" harvard COLLEGE graduate earn, with just their bachelor's degree straight going into business? (no MBA or whatever)</p>
<p>what can he/she earn, maximum?</p>
<p>ppl are always trying to rank colleges, is there any verified information about the graduates' starting salaries?</p>
<p>thanks a lot</p>
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<blockquote> <p>it's all about harvardians earning more than others...<<</p> </blockquote>
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<p>Um, well no it's not. At the high end schools (not confined to Harvard), it's about having a richer educational experience. In some fields that might eventually open up more opportunites, which in turn MIGHT lead to a higher salary, but it is by no means assured.</p>
<p>If you want to go to Harvard simply to earn more money than others, you will probably be disappointed. If money is you goal, take a couple of semesters of business courses at your local community college and then open your own business and save up to start investing in real estate. That's a much surer and much cheaper way to wealth than a Harvard education.</p>
<p>...which, does not really answer my question... </p>
<p>apart from all idealistic stuff, there are certainly mathematical data that proves than ivy league graduates will earn MORE MONEY, or is that wrong?</p>
<p>coureur, i see your point, thanks a lot however, but i, too, understand that there are reasons in the education per se that make students enjoy and want to attend these ivy colleges like harvard...</p>
<p>but my questions aims at if there will be a significant financial boost out of such an ivy diploma...</p>
<p>so... what will let's say a member of the class of 2005 earn when he goes into investment banking or any other business job?</p>
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<blockquote> <p>...which, does not really answer my question... <<</p> </blockquote>
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<p>That's because you are asking the wrong question. You want to know how much more money a Harvard degree will get you. You want the facts and numbers. The answers to what you are asking will almost always be "it depends". Harvard is full of majors like Classics, or Philosophy, or Archaeology. Are those graduates going to earn more than someone with an engineering degree from State U? Well, once again, it depends. Because a Classics major might become a struggling part-time scholar and freelance writer, but he might also choose to go to law school and end up a well-paid litigator in a famous law firm. Did the Harvard degree make him rich? It depends. It depends on the other choices the individual makes, coupled with his/her talent and drive, combined with a dose of luck.</p>
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<blockquote> <p>so... what will let's say a member of the class of 2005 earn when he goes into investment banking or any other business job?<<</p> </blockquote>
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<p>For any given firm, the new hires right out of college will make the same salary regardless of which college they went to. So will a Harvard degree confer an advantage in getting the job in the first place? It depends. Some places it will; some places it won't.</p>
<p>"it's all about harvardians earning more than others..."</p>
<p>Finally! My useless Statistics course comes in handy. There happens to be a book out called "How to Lie Using Statistics." Yes, I read the book because it helped me out on my damn paper, but anyways either the second of third chapter of this book deals with this exact subject matter: do "better" schools have graduates that earn more. Instead of using Harvard, it uses Yale as an example and it is rather interesting to note the certain Statistical tools used; nevertheless, some aspects of the book appear to be rather overblown, but then again maybe because I don't know Stats! Some reasons the author says these "better" schools might appear to have better earnings, is due to incorrect sampling proportion, biased tests, and just blunt lying. Pick it up, first few chapters are pretty good...</p>
<p>Ill answer your question. Most of these guys are liberals who are so subjective you cant even understand their ignorance. In GENERAL, a Harvard college grad in economics for example will earn a 80-100k job. on AVERAGE an economics major from Podunk college will be lucky to get a job earning 25k a year. Despite what these "individuals" tell you, on the majority Harvard grads do earn more money than some other graduate. However, in the long run, for example, engineers from crap college and Harvard college will be earning around the same salary, give 50k more or less to the Harvard grad. Therefore, if that Harvard grad goes to a Harvard grad school, he will be pulling several hundreds, if he is in the top of his class. The AVERAGE MBA Harvard grad will be earning 150-250k a year to start. At the end, Harvard will always open doors. Nonetheless, for the most part, its the wow factor. The "aura" that will surround you when you slip it during a business conversation, date, or workplace. People will always admire you. Thats the ultimate effect of a Harvard degree. (No smart Alecs reply to this last comment, you can do your Harvard bashing elsewere).</p>
<p>I'm assuming econ grads have the highest pay out off all harvard kids? am i wrong in this assumption?</p>
<p>I believe Applied Math is a higher-paid degree than Economics, based on a tidbit I recall from the Harvard Economics website.</p>
<p>It's getting harder and harder trying to find jobs these days....</p>
<p>"It's getting harder and harder trying to find jobs these days...."
I highly doubt that will be a problem coming out of harv...</p>
<p>This is all ridiculous. Even if Harvard grads do make more money, what does that mean? Does it mean it has anything to do with Harvard? Or just that the people who had the skills, background, ambition, intelligence, and/or connections to get into Harvard find these same skills, background, ambition, intelligence, and/or connections helping them in the job market? Furthermore, can you compare a school like Harvard (based in the northeast, many of whose graduates end up working in northeastern cities like NYC and Boston) with a school most of whose graduates end up somewhere with a lower cost of living?</p>
<p>......you'd be surprised.......</p>
<p>dazydazy--</p>
<p>if that is such a big consideration for you, don't waste your time going to harvard. go to a state school, major in business, and enroll in graduate school. the point of going to harvard is not to come out with a ton of money--it is about the intellectual experiences you have there that you carry with you for the rest of your life.</p>
<p>dha_06, your numbers are wildly exaggerated.</p>
<p>USNews claims that the average Harvard Business MBA makes $111,800 the first year -- with bonus already included. Without bonus: Average starting salary: $99,848.</p>
<p>Though I can't find a counterpoint to your "$80,000-100,000" for an Econ major, I'm quite sure it isn't true.</p>
<p>As others have pointed out, most firms will not pay you more simply because of your degree. Indeed, if you earn an Econ. degree from a top school you probably already have skills that will allow you to prosper in the workplace. Of course, the institution will assist you in getting opportunities. If you want to apply some financial value in a top education it's that: the opportunities and job offers you get because of the name on your degree.</p>
<p>Your wrong. See the reason I'm saying they earn around 80k is because this: Ok I have friends at UF. Some of them are graduating soon, and they got job offers already. 58K offered to one, 62k to the other one. However, they are not even the top of their class, they are "B" students. Thefore logic would only tell you that on average a Harvard college grad would make more. Nevertheless, I am not drawing this out of no where. Business people, friends of the family, from U of Chic and other fine business institutions told me approximately the salary of Harvard, Yale, etc grads. Now imagine if you are an MBA with a JD and can speak around 5 languages (I can speak 3 now, 2 more the by time I end college). Initial salary is way over 200k for sure. Remember that we are talking about average, so imagine the salary of the upper echelon of the class.</p>
<p>*Ok I have friends at UF. Some of them are graduating soon, and they got job offers already. 58K offered to one, 62k to the other one. However, they are not even the top of their class, they are "B" students. Thefore logic would only tell you that on average a Harvard college grad would make more. *</p>
<p>Actually, logic would probably tell you that you needed to take a basic statistics course. A sample of two is not representative.</p>
<p>He should also take some remedial English courses.</p>
<p>Please find links to support your claims. Otherwise, I'm going to tell you about my friend who is president of a certain superpower, I believe his closest friends call him Dubya.</p>
<p>Thanks.</p>
<p>"dazydazy--</p>
<p>if that is such a big consideration for you, don't waste your time going to harvard. go to a state school, major in business, and enroll in graduate school. the point of going to harvard is not to come out with a ton of money--it is about the intellectual experiences you have there that you carry with you for the rest of your life."</p>
<p>Thats total and absolute bull****. Everytime I hear someone say something like this I find it totally ridiculous. Whats wrong with going to Harvard for the money! Name one thing. Maybe making money is his #1 priority for college education and he/she feels that Harvard is his best bet for that. He/she may have their own reasons for doing so. Who are we to question that. Harvard's duty is to educate. Its the students choice as to what he wants to do with that education; whether thats making money or having "intellectual experiences [you have there] that you carry with you for the rest of your life"</p>
<p>A-bomb:</p>
<p>It <em>is</em> an issue for Harvard students (ie the job situation). Last year (c/o '04), only 90% graduated with a job or plans for after graduation. This doesn't mean 90% had a job, some of those had plans for other things including not work. 10% of students not having a plan or a job is problematic for me. </p>
<p>Also, it is difficult to get an ibanking job. Don't think you can just walk out of Harvard and onto Wall St. While many companies participate in "on campus recruiting" that targets Harvard students literally in their common rooms of their Houses, not everyone who applies get a job. Harvard students go through rounds and get cut just like everyone else. I believe Harvard gives much more <em>access</em> to high paying, high profile jobs, but it is in no way a <em>guarantee</em> of such employment.</p>