No. 2 California Institute of Technology (Caltech)
Located in Pasadena, Calif., California Institute of Technology (Caltech) undergrads earned average starting salaries of $67,400 and midcareer salaries of $127,000, landing Caltech in the No. 2 spot on PayScale's list. Caltech's Engineering and Applied Science program offers degrees in aerospace; applied physics and materials science; bioengineering; computing and mathematical sciences; electrical engineering; environmental science and engineering; and mechanical and civil engineering. Tuition starts out at $39,990 for the 2013-2014 academic year. A plethora of continuing education courses are offered through Caltech's California Institute of Technology Center for Technology and Management Education. Engineering certificate programs and short courses are offered in project management, systems engineering, and innovation and technology, among others.