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Real Estate

Degrees from Chicago schools boost earning potential

comp:000052c3d060:0000002890:1d45 0 <p>By Paul Tooher<br /><br />How much of a difference does it make which college you attend?<br /><br />Apparently a lot when it comes to your earnings potential, according to <a href="http://www.payscale.com/college-salary-report-2014">Payscale</a>, a company that tracks salaries and compensation.<br /><br />According to its most recent College Salary Report, graduates of Harvey Mudd College, in Claremont, Calif., can expect to earn a mid-career annual salary of $143,000. That puts the school in first place out of 1,486 considered.<br /><br />But there&rsquo;s no need to <a href="http://www.zillow.com/riverside-ca">find a new home</a> in another state to find a school with graduates that earn handsome incomes. There are five such colleges and universities right in Chicagoland.<br /><br />According to Payscale, the Illinois Institute of Technology ranks 52nd on the pay scale, with graduates earning a mid-career salary to $111,000. Graduates of Northwestern University, tied for 99th place, can expect to pull in $93.200 annually by mid-career. <br /><br />The University of Chicago is ranked 104th with a mid-career salary of $92,700 and the University of Illinois at Chicago tied for 166th with a mid-career salary of $86,800. DePaul University is tied for 206th, with a mid-career salary of $84,500 while Loyola University Chicago was tied at 240th with a mid-career salary of $82,800.<br /><br />In addition to Harvey Mudd, the top 10 schools offering the biggest salary bang for your education buck include the U.S. Naval Academy in Annapolis, Md.; California Institute of Technology, in Pasadena, Calif.; Stevens Institute of Technology, in Hoboken, N.J.; Babson College, in Babson Park, Mass.; Princeton University, in Princeton, N.J.; the U.S. Military Academy, in West Point, N.Y.; Stanford University, in Palo Alto, Calif.; Harvard University, in Cambridge, Mass., and Brown University, in Providence, R.I.<br /><br />Those choosing a school based on a return on their investment &ndash; lifetime earnings prospects compared with the cost of fees and tuition &ndash; have a slightly different list to choose among.<br /><br />According to Payscale, the top five schools based on their ROI are Harvey Mudd; California Institute of Technology; Polytechnic Institute of New York University, in Brooklyn, N.Y.; Massachusetts Institute of Technology, in Cambridge, Mass.; and State University of New York, Maritime College, in Throggs Neck, N.Y.<br /><br />Only the Illinois Institute of Technology ranks among the top 10 colleges in the Midwest region based on its ROI.</p>
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