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Ivy League Grads Make More Money

IT'S confirmed: If you graduate from an Ivy League college, you'll move up faster and make more money than your counterparts from less-prestigious institutions.

That's the finding of a new study from the Cornell University Center for Advanced Human Resource Studies in Ithaca, N.Y., and Paul Ray Berndtson, an international executive research firm based in Fort Worth, Texas.

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How much more will you make? Of the 3,500 senior managers surveyed, Ivy Leaguers earned on average $32,581 more a year. Researchers took into account such variables as ability, age, experience, and university ranking.

Differences in executive salary, however, are not necessarily due to differences in the quality of a school. In addition to the perception that Ivy League schools provide a better-quality education, such schools tend to be more selective in their choice of applicants, says Sharon Voros, spokeswoman for Paul Ray Berndtson.

``A lot of the [Ivy League] graduates ... have important positions in American industry and politics, and there's a lot of networking between ... former graduates and recent graduates,'' she says. The study also found that executives with graduate degrees, regardless of the university, earned on average $9,296 more a year than those without graduate degrees.

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