raduates of the private college in Cambridge, Massachusetts, go on to
Graduates of the private college in Cambridge, Massachusetts, go on to become big earners; the median salary for an MIT graduate six years after graduation is $98,100. Ten years after graduation, the typical MIT graduate brings home $173,700. Few MIT students—only 8%—take on student loan debt to attend the college, and those that do pay down their loans quickly. Each year, more than 200 graduates go on to earn a Ph.D. On the Forbes American Leaders list, which measures the leadership and entrepreneurial success of a college’s graduates, 56 people are MIT alumni.
The other colleges at the top of our list—the University of California at Berkeley, Stanford University, Princeton University and Columbia University—boast similar numbers. Noticeably absent from Forbes’ top ten this year is Harvard University, the Ivy League institution that from 2017 to 2019 reigned at the top of the rankings.
We kept our methodology consistent with last year, which allows us to make direct comparisons to our previous list. These comparisons help us better understand why Harvard and some of its Ivy League peers dropped in our rankings. We also looked at what’s causing public universities to stand out and how some small private colleges have worked their way up the list.
Wong is once again confident that Hongkong Land’s investments in mainland China and measures to enhance the appeal of its Hong Kong portfolio amid the current market uncertainty will reap dividends. The company’s earnings and stock performance reflect his optimism. In the first half of 2022, revenue edged up 0.9% from a year earlier to $894 million despite a 69% drop in contracted sales on the mainland to $419 million, and it swung to a net profit of $292 million from a $865 million net loss in the year-ago period, Hongkong Land said in its latest earnings report.
By comparison, MIT—which routinely has one of the highest retention rates of any college in the U.S.—retained 98% of its new sophomores in fall 2020. The college’s three-year average retention rate held steady at around 99%. In fall 2020, 96% of former freshmen returned to the University of California at Berkeley (No. 2) and 97% to Rice University (No. 12).
Underlying profit, its measure of income from ongoing businesses, rose 8% to $425 million, but the company expects it to drop “significantly” for the full year following pandemic-related construction delays. The developer’s stock has risen around 15% in the past 12 months as of Aug. 25, compared with declines of roughly 26% and 30% in rivals Henderson Land and New World Development, respectively, and an over 21% drop in the benchmark Hang Seng Index.
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