Wednesday, August 21, 2019

Show Me The Money: Williams College Ranks in Top 40 for Early and Mid-Career Pay



WILLIAMSTOWN, MA - As you may know, PayScale’s 2019 College Salary Report shows Williams College graduate in the top 40 in terms of estimates of early and mid-career pay. You can see the article by clicking on this link: at.pysc.al/csr19
On the surface it seems odd that one of our nation's number one ranked liberal arts colleges produces graduates who don't earn so much compared to students who attend Harvard, Yale, Princeton, Stanford, and MIT, the famous HYPSM, who all rank in the top 16. Surprisingly, Williams also lags behind the Dartmouth, Colgate, Brown and Cornell.
Part of the problem is that Williams College does not graduate enough STEM students to fill the highest paying jobs. At Williams, only 32% of the students graduate with STEM degrees. At Cornell, in contrast, 43% graduate with STEM degrees.
As a conservative, of course, I imagine that the relative unattractiveness of Williams College grads on the job market is also due to the school's embrace of divisive identity politics. With so many less qualified students on campus, I have no doubt that the diversity the school advertises also reduces the average income of its alumni. On top of this, as a rural school, Williams College students are less likely to have valuable big city experience and big city contacts. It may also be that Williams College students are attracted to lower paying professions like teaching.
When I taught at Williams College in the 1980s - while the school was number one in the U.S. News & World Report rankings - I remember being surprised by the number of students who were seriously positioning themselves to take jobs as elementary and high school teachers. I honestly thought this was the waste of a good education. I saw it as an example of crippling low self-esteem. I'd be curious to know if this is still the case. I know from Ephblog experience that some of the participants openly talked about their low pay...and their belief they had chosen these low paying careers on purpose. (Like being a tutor, for example.)
Clearly, Williams College graduates would earn a lot more if the school chose students on the basis of merit and put less emphasis on the all too popular grievance study majors. It will be interesting to track alumni earning power to see if anything changes for the better.


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