This chapter shows that the rate of return to academic achievement (for students) or professional achievement (for faculty) does not differ across key demographic categories, by race/ethnicity or gender. That is, whites, blacks, Hispanics, Asians, and Native Americans all receive commensurate increases in likelihood of selection in our experiments for similar increases in academic achievement. Women, men, and gender non-binary faculty candidates are rewarded at commensurate rates for stronger professional achivement. The rates of return to achievement do not differ across demographic groups.