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Here's how much students earn after graduating from the top 10 schools in the US

CNBC International 2018-09-14 21:01:21

It can cost a lot to attend one of the country's top colleges, but does it pay?

Using school rankings from U.S. News & World Report and salary data from PayScale, GOBankingRates crunched the numbers to figure out what grads from the top schools make within the first five years in the workforce. For comparison's sake, the median salary for workers 25 and over with at least a Bachelor's degree is around $60,000.

The median early career salary for every one of these schools exceeds that, except the University of Chicago, which comes in just below. So a diploma from a top-tier college can indeed give you a significant boost, money-wise.

The field you choose can also have a major impact on how much you earn: Jobs in engineering, computer science, finance and consulting often pay much higher starting salaries than those in humanities or communications, for instance, and top schools often funnel grads into those lucrative industries.

Here's how much graduates earn zero-to-five years after attending the top 10 colleges in the U.S.:

University of Chicago

Median starting salary with a Bachelor's degree: $58,100
U.S. News overall rank: 3

Bob Krist | Getty Images The University of Chicago

Duke University

Median starting salary with a Bachelor's degree: $65,300
U.S. News overall rank: 9

Jim R. Bounds | Bloomberg | Getty Images People walk by Duke Chapel on the campus of Duke University in Durham, North Carolina, U.S.

Columbia University

Median starting salary with a Bachelor's degree: $66,000
U.S. News overall rank: 5

Education Images | Getty Images Columbia University

Yale University

Median starting salary with a Bachelor's degree: $66,800
U.S. News overall rank: 3

Topic Images Inc. | Getty Images Yale University campus

University of Pennsylvania

Median starting salary with a Bachelor's degree: $68,100
U.S. News overall rank: 8

pkujiahe | Getty Images University of Pennsylvania campus

Harvard University

Median starting salary with a Bachelor's degree: $69,200
U.S. News overall rank: 2

DenisTangneyJr | iStock | Getty Images Harvard University

Princeton University

Median starting salary with a Bachelor's degree: $69,800
U.S. News overall rank: 1

John Greim/LOOP IMAGES | Getty Images Blair Hall at Princeton University

Stanford University

Median starting salary with a Bachelor's degree: $73,300
U.S. News overall rank: 5

SpVVK | Getty Images Stanford University

Massachusetts Institute of Technology

Median starting salary with a Bachelor's degree: $78,800
U.S. News overall rank: 5

Yiming Chen | Getty Images Massachusetts Institute of Technology

California Institute of Technology

Median starting salary with a Bachelor's degree: $82,000
U.S. News overall rank: 10

Danita Delimont | Getty Images California Institute of Technology

Don't miss: Here's how much money millennials say they need to make to be happy

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