• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceIncome

Even For Mobsters Getting A College Degree Pays Off

By
Gerrard Cowan
Gerrard Cowan
Down Arrow Button Icon
By
Gerrard Cowan
Gerrard Cowan
Down Arrow Button Icon
July 9, 2016, 10:50 AM ET
The Godfather Part II
Al Pacino, US actor, sitting in an armchair in a publicity still issued for the film, 'The Godfather Part II', 1974. The mafia drama, directed by Francis Ford Coppola, starred Pacino as 'Don Michael Corleone'. (Photo by Silver Screen Collection/Getty Images)Photo by Silver Screen Collection -- Getty Images

Education is good for your paycheck—even if you’re a mobster.

That’s the finding of research by a British university, which focused on the education levels of members of the Italian-American mafia between the 1930s and 1960s. It established that for each additional year of education, gangsters saw a rise in income of as much as 8.5%.

In ‘Returns to Education in Criminal Organizations: Did Going to College Help Michael Corleone?’, academics from the University of Essex used data from the United States 1940 Census of Population and information from the Federal Bureau of Narcotics to study the income, education, and job characteristics of 712 Mafiosi.

The academics compared the mobsters’ returns to education with a number of other non-mafia groups, including Italian immigrants, second-generation Italian men, and a sample of neighbors who lived in close proximity to them. It found that the mobsters’ returns were only slightly behind those of their neighbors, who pulled in as much as 10% additional income for every year of education. The mafia members actually outperformed immigrants, particularly Italian immigrants.

“Overall the mobsters did quite well,” said Giovanni Mastrobuoni, one of the authors of the report. “They had returns to education that were far higher than individuals in the census of Italian origin, as well as immigrants, and they had returns to education which were similar to the US population overall.”

Mobsters tended to leave school an average of one year earlier than their neighbors, the report found, and the impact of education varied depending on the type of criminal activity an individual was involved in. Those who carried out relatively sophisticated crimes that involved running an illegal business—such as loan sharking or bootlegging—saw returns to education that were three times higher than those involved with violent crimes like robberies or murder.

“What we found was the returns to education were much, much larger for the business type of criminals, those that we think need those abilities that you learn in school,” said Mastrobuoni. “So dealing with numbers, organizing your thoughts, organizing a group, and so on … the ‘soldiers’, the ones doing the dirty jobs, we find very, very low returns to education.”

Would it be possible to carry out a similar study of organized crime groups today? Mastrobuoni isn’t so sure. The 1940 census contained a level of detail that isn’t found in today’s versions, he says, and it would be very difficult to collect the information at source. Some researchers have carried out interviews with people in prison, according to Mastrobuoni, “but even there, you are basically selecting a group of individuals who have been caught, and they might be different from those that are never caught.”

“The issue with criminals is that they tend not to respond to surveys,” he says.

About the Author
By Gerrard Cowan
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Enbridge CEO Greg Ebel at the CERAWeek by S&P Global conference in Houston on March 25, 2026.
Energypower
Enbridge aims to help North America win from the AI boom and the Iran war as the FedEx of energy delivery
By Jordan BlumMay 4, 2026
37 minutes ago
Mortgage rates today, May 4, 2026
Personal Financemortgages
Mortgage rates today, May 4, 2026
By Glen Luke FlanaganMay 4, 2026
43 minutes ago
Current refi mortgage rates report for May 4, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for May 4, 2026
By Glen Luke FlanaganMay 4, 2026
43 minutes ago
Current ARM mortgage rates report for May 4, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for May 4, 2026
By Glen Luke FlanaganMay 4, 2026
43 minutes ago
trump
PoliticsChina
China has a welcome mat for Trump: it just rewrote the rules on U.S. sanctions
By Steve H. Hanke and Jeffrey WengMay 4, 2026
44 minutes ago
Markets on alert as Trump vows ‘Project Freedom’ for Hormuz, setting up potential showdown after renewed attacks on ships
EnergyIran
Markets on alert as Trump vows ‘Project Freedom’ for Hormuz, setting up potential showdown after renewed attacks on ships
By Jason MaMay 3, 2026
5 hours ago

Most Popular

America got rich and got sad. A top economist says 2020 broke something that hasn't healed
Economy
America got rich and got sad. A top economist says 2020 broke something that hasn't healed
By Nick LichtenbergMay 3, 2026
21 hours ago
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
Personal Finance
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
By Fatima Hussein and The Associated PressMay 1, 2026
3 days ago
Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology
AI
Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology
By Sasha RogelbergMay 3, 2026
19 hours ago
Diary of a CEO founder says he hired someone with 'zero' work experience because she 'thanked the security guard by name' before the interview
Success
Diary of a CEO founder says he hired someone with 'zero' work experience because she 'thanked the security guard by name' before the interview
By Emma BurleighMay 3, 2026
19 hours ago
I spent a decade selling homes to the ultra-wealthy. What I saw explains the housing market's nepo problem
Commentary
I spent a decade selling homes to the ultra-wealthy. What I saw explains the housing market's nepo problem
By Blake O'ShaughnessyMay 3, 2026
20 hours ago
Gen Z is rebelling against the economy with ‘disillusionomics,’ tackling near 6-figure debt by turning life into a giant list of income streams
Economy
Gen Z is rebelling against the economy with ‘disillusionomics,’ tackling near 6-figure debt by turning life into a giant list of income streams
By Jacqueline MunisMay 2, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.