TROY, N.Y. - A new study by ABC News shows the Rensselaer Polytechnic Institute is one of 12 schools whose graduates earn more than Harvard graduates.
Former RPI business and finance professor and financial advisor Hugh Johnson says it is because employers are not looking for "Ivy League" they are looking for skills, and students on campus Thursday night agreed.
"I've taught some of those students, and learning that they're getting paid the big bucks when they get out of RPI, I'm not the least big surprised," said Johnson.
A number of articles have come out recently showing RPI is one of 12 colleges that have a bigger payoff than Harvard.
According to the study Harvard tuition and fees come to $40,886 while their latest graduates are earning $54,100.
And, though RPI students pay a little more for tuition at $44,475 the average salary of graduates is $59,500. That's $5,000 more than Harvard graduates.
"The world is now changing. It's just not enough to get an undergraduate degree in the liberal arts you have to be technically competent to get a really good job," Johnson said.
Johnson says though RPI students have a head start on Harvard's, he's sure Harvard will have no problem catching up.
See the full ABC News study here: http://abcnews.go.com/Business/12-colleges-job-payoff-harvard/story?id=17273504