Grads From These Schools Make The Most Money After College

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After graduation, the grim reality of life post-college begins to set in: Adulting is expensive. Today, college graduates have an unbelievable amount of of debt —  as of 2015, 68% of bachelor's degree recipients graduated with student loan debt. As of 2016, the cost of attending university increased almost eight times faster than national wages did. On top of this, finding a job can be challenging even in this booming economy.
These facts make it even more crucial to choose a college that will set you up for success after graduating, but it also, understandably, can create a lot of anxiety among those thinking about attending college. Some have even found themselves asking: What's the point? Before deciding to write off university altogether, doing some research can help you make an informed decision that can be both good for your career and your finances.
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One good place to start is with a new 2018 study conducted by SmartAsset. The study ranked the schools in the U.S. where graduates earned the best average starting salaries after finishing their degrees. According to the study, the average national college tuition is $15,082, with an average of $7,894 in grants and scholarships. The average starting salary for college graduates in the U.S. is $48,542.
Keep reading on to learn more about the top 10 schools in the study and how graduates from these schools fare compared to the average college graduate in this country.
1 of 10

Massachusetts Institute of Technology

Cambridge, MA
Massachusetts Institute of Technology (MIT) in Cambridge, MA, ranks as number one in this study and is one of the most acclaimed research universities in the world.

While college tuition at MIT will cost you $46,705 a year, graduates can expect an average starting salary of $81,500 after graduating with a degree from this institution.
2 of 10

Harvey Mudd College

Claremont, CA
Harvey Mudd College in Claremont, CA, is a science and engineering institution that is part of the Claremont Colleges.

Tuition at Harvey Mudd is $50,649 a year with an average of $33,895 in scholarships and grants. After graduating from this institution, graduates make, on average, $81,000 in their first position.
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3 of 10

California Institute of Technology

Pasadena, CA
California Institute of Technology just outside of Los Angeles comes in at number three, with a tuition of $45,390 and an average starting salary of $78,800.
4 of 10

United States Military Academy

West Point, NY
The United States Military Academy is a four-year coeducational federal service academy located in upstate New York. The school has no tuition or student living costs and graduates make, on average, $75,100 as a starting salary.
5 of 10

United States Naval Academy

Annapolis, MD
The United States Naval Academy is a four-year coeducational federal service academy near Annapolis, MD, Like other federal service academies, students pay no tuition or living costs. Upon graduation, graduates can expect to make $75,000 as a starting salary.
6 of 10

Stanford University

Stanford, CA
Stanford University in Northern California is one of the world's leading teaching and research institutions set in the heart of Silicon Valley. Tuition is $46,320 a year with an opportunity for $47,782 in scholarships and grants. Upon graduating from Stanford, the average starting salary is $73,300.
7 of 10

Colorado School of Mines

Golden, CO
Colorado School of Mines, also called "Mines," is a public teaching and research university in Golden, CO, devoted to engineering and applied science, with a special focus on development and stewardship of the Earth's resources. Tuition at Mines is a relatively affordable $17,353 per year with an opportunity for $6,183 in scholarships. After graduating, individuals can expect to make, on average, $71,900 as a starting salary.
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8 of 10

SUNY Maritime College

Throggs Neck, NY
The State University of New York (SUNY) Maritime College is located in the Bronx. The school is one of only seven degree-granting maritime academies in the U.S.

College tuition at SUNY Maritime College is $7,809 with average grants and scholarships equaling $7,547. Upon completion, graduates' average starting salary is $71,600.
9 of 10

Rose-Hulman Institute of Technology

Terre Haute, IN
Rose-Hulman Institute of Technology is a small college located in Terre Haute, IN, specializing in engineering, science, and mathematics. College tuition at Rose-Hulman is $45,141 with an average of $19,110 in scholarships and grants. After graduating, the average starting salary for graduates is $71,600.
10 of 10

Carnegie Mellon University

Pittsburgh, PA
Carnegie Mellon University in Pittsburgh, PA, is a private nonprofit research university renowned for its approach to research and education and focused on a range of fields from business, to engineering, to fine arts.

Tuition at this school is $50,665 with an average of $30,614 in grants and scholarships. After graduating, students make on average $70,900 as a starting salary.
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