The Johns Hopkins alumni wage premium— the additional income earned by Johns Hopkins alumni relative to other university degrees—leads to almost $2.3 billion in economic impact, supporting 10,770 full-time jobs and $670 million in employee compensation within Maryland.
Key Points:
- Over 67,000 residing in Maryland, with more than 16,000 of those alumni living in Baltimore City
- The average annual wage premium attributable to increased educational attainment for Johns Hopkins alumni is estimated to be approximately $34,123 for bachelor’s degree holders
- The wage premium and subsequent increased alumni spending within the state increases the MD tax base, thereby generating over $110 million in taxes
- Alumni additional household spending generates an estimated annual $498 million in economic impact within Baltimore
A Weekly Breakdown of John Hopkins University’s Economic Impact – Only in Center Maryland.