MCPHS Produces More Top Earners Than Harvard, MIT

A pharmacy and health sciences university in Boston beats prestigious schools like Harvard and the Massachusetts Institute of Technology (MIT) on average salary among alumni.

After 10 years, students who attended MCPHS University had higher average earnings than alumni from all other colleges in Massachusetts.

According to the US Department of Education’s College Scorecard, the average salary of a MCPHS University graduate after a decade was $116,400.

The next highest salary average went to Massachusetts Institute of Technology, with students earning around $91,600 a decade later.

Harvard University was third with an average salary of $87,200. Rounding out the top 5 were Babson College, with $85,500, and Massachusetts Maritime Academy, with $79,500.

“The salary data about student earning is evidence of what we’ve been saying for a long time: health care and biotech are where the action is for jobs,” MCPHS University spokesman Michael Ratty told The Boston Globe.

But MCPHS was also one of the top schools on highest average annual costs, or net price for federal financial aid recipients after aid from the school, state, or federal government.

MCPHS University’s average annual cost was $34,345. Some schools with higher costs were Boston University ($34,603), Worcester Polytechnic Institute ($35,383), Emerson College ($36,378), and Berklee College of Music ($43,018).

According to the College Scorecard, MCPHS has a graduation rate of 73%, which is above the national average. In addition, 89% of students return after their first year.