Education

Study shows Mass. has the wealthiest colleges in the country. Here’s how they rank.

Harvard and MIT top another college list for the Bay State.

A banner on the Harry Elkins Widener Memorial Library at the Harvard University campus in Cambridge, Massachusetts. Bloomberg

Massachusetts has the most colleges on another ranking list. This time, the Bay State is home to most of the wealthiest colleges in the nation.

The Boston Business Journal analyzed endowment amounts per full-time enrollment rates as of the end of the 2022 fiscal year, using data from the U.S. Department of Education to determine the rankings.

More college rankings

The wealthiest college in the country is Princeton University, with a $35 billion endowment and the greatest endowment assets per undergraduate student at $6.26 million.

Behind Princeton, Yale University is the second wealthiest college with a $41 billion endowment and $6.22 million in endowment assets per undergraduate.

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First in the Bay State and third overall, Harvard University has a $50 billion endowment or $5.43 million endowment assets per undergraduate.

MIT ranked fourth on the list with $5.28 million per undergraduate and $24 billion total endowment.

Rounding out the top five is Stanford University with a $36 billion endowment and $4.51 million per undergraduate.

After MIT, the next Massachusetts colleges on the list are Amherst College at 16, Williams College at 22, and Wellesley College at 30.

Top 10 wealthiest colleges in Massachusetts:

3. Harvard University

4. MIT

16. Amherst College

22. Williams College

30. Wellesley College

32. Hellenic College-Holy Cross Greek Orthodox School of Theology

33. Franklin W Olin College of Engineering

70. Mount Holyoke College

75. Massachusetts College of Pharmacy and Health Sciences

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89. Boston College

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