USA, Washington, D.C., Aerial photograph of Howard University campus (Photo: Getty Images) | Graduates of Morehouse College arrive for their graduation ceremony ahead of US President Joe Biden’s commencement address, on the campus of Morehouse College in Atlanta, Georgia on May 19, 2024. (Photo by ANDREW CABALLERO-REYNOLDS / AFP)
Forbes just released its top HBCU rankings, highlighting the public and private institutions delivering the highest return on investment, graduation rates, and mid-career median pay. The recognition comes as demand for the Black college experience reaches record highs, even as campuses navigate real challenges like financial aid constraints and Howard University’s recent unenrollments over unpaid balances. Despite those systemic hurdles, the culture on these campuses remains undeniably rooted in history, pride, hustle, and community.
Here’s a look at which schools led the ranking and what the metrics reveal about HBCU graduate outcomes.
Top Private HBCUs
1. Howard University
Forbes named Howard the #1 private HBCU in the nation, a ranking that carries weight despite the institution’s well-documented struggles. A 2018 audit exposed nearly $1 million in embezzled financial aid, and the campus erupted in a historic 34-day sit-in at Blackburn Center in 2021 over unlivable housing conditions and mold.
The university earned the top spot based on its impressive 69% six-year graduation rate, 90% retention rate, and star power alumni including Kamala Harris, Thurgood Marshall, Toni Morrison, and Taraji P. Henson. Howard graduates command an early-career median pay of $70,600, with mid-career salaries exceeding $123,000.
2. Spelman College
Claiming the #2 spot is Spelman College, founded in 1881 and the country’s first HBCU for women. The Atlanta institution boasts a 91% retention rate, legendary alumni including Alice Walker and Stacey Abrams, and $102,000 mid-career median pay. Spelman is also known for strong programs in biology, biochemistry, psychology, and education.
Related: The Rising HBCU Enrollment: 15 Largest Black Schools Ranked by Size
3. Morehouse College

Morehouse’s pipeline of Black male talent to Wall Street and Silicon Valley remains unrivaled. According to Forbes, Morehouse graduates boast a median mid-career salary of $126,700, the highest among the top three private HBCUs.
The roster of distinguished alumni includes Dr. Martin Luther King Jr., Spike Lee, Samuel L. Jackson, and Maynard Jackson, the first African American mayor of Atlanta. Morehouse continues to stand on a tradition of brotherhood and a century-long mandate to cultivate transformative leaders.
4. Xavier University of Louisiana
When it comes to producing Black doctors, Xavier University of Louisiana operates in a league of its own. The nation’s only historically Catholic HBCU has more Black students who go on to graduate from medical school than any other college in the country, outpacing even Ivy League campuses and major state universities.
Driven by elite programs in pre-med, pharmacy, and neuroscience, XULA turns undergraduate ambition into success well beyond the classroom with mid-career alumni salaries soaring past $104,000.
5. Hampton University

Hampton boasts premiere programs in journalism, business, and STEM, with a mid-career median pay of $112,900. The school sends a steady pipeline of talent directly into Fortune 500 companies and top-tier law schools.
Its alumni class is equally impressive. Two-time Oscar-winning costume designer Ruth E. Carter and healthcare pioneer Dr. Sylvia Trent-Adams, the first Black nurse to serve as acting U.S. surgeon general, exemplify Hampton’s track record of producing defining leaders who drive its high Forbes ranking for exceptional post-grad career success.
6. Tuskegee University
Co-founded in 1881 by Booker T. Washington, Lewis Adams, and George W. Campbell, Tuskegee University continues its storied tradition as a leader in agriculture and biotechnology. It’s the only HBCU in the country with a fully accredited College of Veterinary Medicine, producing over 75% of the nation’s Black veterinarians. It’s also the only HBCU to offer ROTC programs for all branches of the U.S. military, including the Space Force.
Tuskegee is the largest producer of African Americans with baccalaureate degrees in math, science, and engineering in Alabama, and the top producer of Black aerospace science engineers in America.
7. Fisk University

Nashville’s historic liberal arts school, Fisk University, has historically produced more Black graduates who go on to earn PhDs in scientific disciplines than almost any other institution in the country.
National Science Foundation data consistently highlights Fisk’s outsized impact in STEM fields despite its small undergraduate population of 1,015. From legendary alumni including W.E.B. Du Bois and Ida B. Wells to intensive undergraduate and graduate scientific training, Fisk remains a top launching pad for Black PhDs in physics, chemistry, and biology.
Top Public HBCUs
1. North Carolina A&T State University

Forbes crowned North Carolina A&T the #1 public HBCU in the nation. Based in Greensboro, NC A&T reigns as the country’s largest HBCU and the single largest producer of Black engineers at both the undergraduate and graduate levels.
With civil rights leadership like the late Jesse Jackson and modern breakthroughs in aerospace and biomedical engineering, NC A&T’s graduate earning power is unbeatable.
2. Florida A&M University
Tallahassee’s Florida A&M University continues to set the benchmark for academic excellence with premiere research programs in journalism, law, and engineering. The Sunshine State’s only public HBCU boasts an 88% student retention rate and has become a quiet giant in healthcare, single-handedly producing 20% of the nation’s Black pharmacists.
Its alumni network includes tennis pioneer Althea Gibson, Tony Award-winner Anika Noni Rose, and former Atlanta mayor Keisha Lance Bottoms. FAMU’s degree hits different.
3. Prairie View A&M University

Established in 1876 as the second-oldest public university in Texas and the oldest public HBCU in Texas, Prairie View A&M University has a 74% retention rate, an early-career median pay of $72,300, and mid-career median pay of $117,900.
Known for elite engineering and agriculture programs, a world-class nursing school, and vibrant campus culture, PVAMU shines on national rankings for high graduate earning potential and an unrivaled network of leaders across Texas and beyond.
4. Morgan State University
Originally founded in 1867 as the Centenary Biblical Institute, Morgan State continues its rapid ascent toward R1 doctoral status, a prestigious designation reserved for the nation’s top-tier research universities with the highest level of research activity and grant funding.
Morgan State also stands out for cutting-edge majors, offering specialized degrees in artificial intelligence, cybersecurity, applied neuroscience, and screenwriting and animation. The school is a top national producer of Black engineers and STEM graduates, with nearly 17% of its alumni employed in STEM fields.
5. University of the Virgin Islands
Standing in a class of its own is the University of the Virgin Islands, the only HBCU located in a U.S. territory. Founded in 1962, UVI has become a pipeline for regional leadership and marine science research in Caribbean coral ecosystems.
The territory’s public land-grant institution has built a strong reputation across its St. Thomas and St. Croix campuses, expanding career opportunities through affordable online and on-campus degree programs. They also offer an accelerated path into medical school through Boston University.
6. Tennessee State University
Nashville’s only public land-grant university serves as a major engine for workforce development. With 77 total major and degree programs and dedicated initiatives like its Pathway to Completion program for non-traditional learners, TSU provides accessible, career-focused degrees with strong returns in growing industries.
The alma mater of billionaire Oprah Winfrey is celebrated for its SMART Tech Center that pioneers artificial intelligence coursework and is home to one of the largest health sciences programs among HBCUs.
7. Bowie State University
Maryland’s oldest HBCU, Bowie State University, punches above its weight as a leader in STEM, computer science, and cybersecurity. The university holds an elite designation from the National Security Agency as a National Center of Academic Excellence in Cyber Defense.
Qualified undergraduates can earn specialized Core Knowledge Units and Focus Area certificates leading to a $100,700 mid-career median pay after graduation and high-earning, future-proof credentials.
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