Wall Street Journal: Baruch a Top Public College for High-Paying Finance Jobs
#6 among public institutions nationwideApril 25, 2023
Baruch College has been ranked by The Wall Street Journal as a Best College for Your Dream Career in Finance –– #6 among public institutions nationwide.
The new ranking, based on data from top think tank Burning Glass Institute, measures the impact of a school’s degree on post-graduate earnings in the financial services industry. According to The Wall Street Journal, Baruch graduates earn over $14,000 more annually, compared to the median salary.
Baruch’s location in the heart of Manhattan is a key factor in its student success. As Burning Glass Institute President Matt Sigelman, put it: “Colleges in and around New York City tend to function as channels for students to take internships and then full-time jobs at banks, private-equity shops, hedge funds or other financial firms.”
He added, “There’s real benefits to being around the epicenter of that sector.”
Ultimately, the new ranking is about student outcomes: due to the College’s signature commitment to accessible, world-class academics, graduates are equipped with the critical skills needed to lead in the financial sector –– and the boosted compensation reflects that.
Baruch Leads in High Profile Rankings
In recent months, Baruch College has garnered top rankings for its academic excellence, affordable degree programs, and outcomes for students.
For example, a new, create-your-own college ranking tool by the New York Times put Baruch in the top spot. Based on 10 key priorities, the College ranked No. 1 for students who prioritize a combination of factors, including academic profile, economic mobility, and high post-graduate earnings.
Baruch was also recently identified as having the #1 Master’s program in the world for Financial Engineering (MFE) by Risk.net, a go-to publication for Wall Street recruiters.
As noted in that ranking, graduates from the MFE program have an average first year compensation of $170,000 –– a higher average than some top-tier schools, including XYZ .
The Wall Street Journal’s Ranking Methodology
Rankings are determined by a Burning Glass Institute analysis of experience and pay data from Lightcast, a labor-market data firm, and Glassdoor, a company-ratings website. For each college, an annual salary premium was calculated using the difference between the earnings of the school’s graduates in their first 10 years after graduation and the median graduate in the field. To filter for graduates working in finance, the Burning Glass Institute analyzed only the roles relevant to the profession as classified by the U.S. Bureau of Labor Statistics’ Standard Occupational Classification codes and the U.S. Census Bureau’s North American Industry Classification System.
###