• 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

Poppi cofounder Allison Ellsworth
SuccessEntrepreneurs
Poppi cofounder maxed out credit cards and sold her car to fund the company—now, she’s a multimillionaire after a $1.95 billion sale
By Emma BurleighMay 11, 2026
8 minutes ago
The American housing market is broken—and 3 years in, it’s starting to look permanent
Real EstateHousing
The American housing market is broken—and 3 years in, it’s starting to look permanent
By Alex Veiga and The Associated PressMay 11, 2026
38 minutes ago
250
Commentary250 Years of Innovation
America’s true innovation advantage: we don’t just invent technologies — we reinvent how innovation works
By David H. HsuMay 11, 2026
1 hour ago
Current price of Ethereum for May 11, 2026
Personal FinanceEthereum
Current price of Ethereum for May 11, 2026
By Joseph HostetlerMay 11, 2026
2 hours ago
Current price of Bitcoin for May 11, 2026
Personal FinanceCryptocurrency
Current price of Bitcoin for May 11, 2026
By Joseph HostetlerMay 11, 2026
2 hours ago
Top CD rates from major banks May 11, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
BankingCertificates of Deposit (CDs)
Top CD rates from major banks on May 11, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Danny BakstMay 11, 2026
2 hours ago

Most Popular

‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
Economy
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
By Jacqueline MunisMay 10, 2026
1 day ago
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
Tech
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
By Sydney LakeMay 10, 2026
1 day ago
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
Success
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
By Orianna Rosa RoyleMay 9, 2026
2 days ago
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloMay 9, 2026
2 days ago
Trump thinks he's flying to Beijing with leverage. China spent 6 years making sure he doesn't have any
Commentary
Trump thinks he's flying to Beijing with leverage. China spent 6 years making sure he doesn't have any
By Steve H. HankeMay 10, 2026
1 day ago
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals 'dirty little secret'
Politics
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals 'dirty little secret'
By Jason MaMay 9, 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.