SmartMoney Names UT 3rd-Best in Nation for Alumni Salaries
There are many ways to measure the value of a UT degree. One of the most practical, of course, is measuring how much money alumni make. And when it comes to that metric, we’re not too shabby.
A new ranking by SmartMoney, the Wall Street Journal‘s personal finance site, collected median salaries of both young alumni and mid-career professionals. Then the study’s editors divided those salaries by the cost of tuition and fees at each school—taking into account the return on a degree’s investment.
The result: UT came in at No. 3, just behind the Georgia Institute of Technology and the University of Florida. The median salary for young Longhorns was $48,800, a number that climbed to $90,800 for mid-career alumni.
Overall, public universities came out on top in the SmartMoney ranking, likely because their tuition is much lower than that of many private schools. Only one of the top 20 schools in the ranking was private (Princeton University). UT was the only Texas university on the list.
Photo via Flickr Creative Commons
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6 Comments
oops! It’s actually $90,800 for mid career. Go horns!
Right you are! Our goof. Thanks, Rachel.
Per the rankings, the median mid-career salary for Longhorns is $90,800.
What about the more than 50% of recent grads who can’t find a job? Most of them leave the school with tens of thousands in debt. Were those numbers factored in? Obviously not because that would pull the numbers way down. I highly doubt that half of grads make $90K to offset the grads that make nothing. Broke alumni don’t exist to UT unless they’re making calls for donations.
@Propoganda Your math is suspect. Half of recent grads is not nearly as many people as half of all grads. So you wouldn’t need half of all grads making way above 90K to average out the much smaller population of recent grads who haven’t yet found a job. And what do you mean “Broke alumni don’t exist to UT unless they’re making calls for donations”? I don’t follow that at all.
Tim,
Mr. Propaganda is not talking about ALL grads, only the recent ones. I believe he is saying that the “young Longhorns” mentioned in the article are what he is calling “recent grads”, which is fair enough to me. So, if half of them are unemployed (making nothing) then you would need the other half (the employed half) to average about $97,600, in order to pull up the overall average earnings of “young Longhorns” (recent grads) to $48,800.