Specifically, the study found that 43 percent of UAlbany students who begin college with family incomes in the bottom 20 percentile will go on to earn in the top 20 percentile during their professional life.
The University’s median income for all students at age 34 was $56,300. That also ranked in the top 20.
“This report is more evidence that the University at Albany is a powerful engine of opportunity, and confirms the positive impact of our programs and interventions that support student success,” said UAlbany Interim President James R. Stellar. “We should celebrate this recognition while continuing to create even stronger pathways to social and economic mobility for our graduates.”
The study – which was led by five economists at Harvard and U.C. Berkeley – analyzed more than 30 million student tax returns and tuition records from 1999 to 2013. Researchers compared students’ earnings and their parent’s incomes to shed light on how every college/university in the United States shapes upward economic mobility.
UAlbany was compared against 369 “selective public colleges” across the country. Included in the group was regional competitors like the University at Buffalo, Penn State University and the University of Massachusetts.
Among all New York State colleges (public and private), UAlbany still ranked in the top 30 for both categories mentioned above, and was in the top five for SUNY schools.
Overall, the study found 3.6 percent of all UAlbany students moved from the bottom income quintile to the top income quintile as adults. The average for every college in the United States was 1.9 percent.
Interested in learning more? View the entire report here.