MBA graduates from Harvard Business School have the highest earnings over the span of their careers, Bloomberg reported on Monday. MBA graduates from the top 45 business schools in the country will each make about $2.5 million on average within their first 20 years after graduation and will receive a 75-percent increase in base pay and bonuses, according to research conducted by Bloomberg and BusinessWeek. On average, graduates from the Tuck School of Business experience a 46-percent rise in income over their careers. The starting salaries of Tuck graduates have also dropped 7.5 percent over the last year. MBA graduates from higher-ranked business schools which also tend to have higher tuition rates tend to earn more than graduates from lower-ranked schools, Bloomberg reported. The location of the school and the industries that the school sends their graduates into also factor greatly into the average salary of business school graduates, according to Bloomberg.
The U.S. Department of Education decided on Friday to award grants to 20 state education departments for developments of data systems for longitudinal studies, according to the Institute of Education Sciences website. These data would link information of students from early childhood into their adulthood, and would also match students to their teachers. This data system would be created while maintaining the privacy of students. The grants are funded by the American Recovery and Reinvestment Act of 2009.
Nationwide employment of this year's college graduates is up 5 percent from the employment rates of the Class of 2009, according to the National Association of Colleges and Employers, The New York Times reported. The majors that are most desirable in the job market this year include accounting, engineering, computing and mathematics majors, according to Edwin Koc, research director of the association, The Times reported. While the job market has improved since last year, graduates that are able to tailor their majors to the job description of the position they are looking for may have a better chance at employment, according to The Times.
