New endowment rankings for US and Canadian (!) universities.
Michigan is #6 and #2 among the public universities.
When I was deciding where to work five years ago among Maryland, Wisconsin and Michigan, a good friend emailed me the endowment rankings. That proved very helpful in making the decision. Money does matter for professorial utility, and for other things as well.
In Canada, Toronto and McGill have made some headway up the rankings, but Western Ontario is not, sadly, to be found.
Here is Michigan's official statement on the matter. I've always wondered, and debated with a couple of colleagues, whether Michigan's high return on its endowment investments is due to inside information or taking more risks.
Hat tip: Lones Smith
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