PayScale.com ROI For Schools

[phork]

2014 Payscale College ROI Report

Interesting list, ND is 52. Michigan is 66, Stanford at 4, Georgia Tech is 6, Harvard 23, Rice 29, Texas A&M 44, MSU 184.

 

[wizards8507]

2014 Payscale College ROI Report

Interesting list, ND is 52. Michigan is 66, Stanford at 4, Georgia Tech is 6, Harvard 23, Rice 29, Texas A&M 44, MSU 184.

The methodology is bunk. A Stanford grad might go make $70K in San Francisco and an MIT grad might make $70K in Boston, but they're still "poorer" than the ND grad earning $60K in Chicago. The results are skewed in favor of schools where graduates earn high salaries that might not paint the true picture of their earning power. Schools like ND, Duke, Michigan, and Vanderbilt are lower than they should be in terms of "real" ROI.

 

[nlroma1o]

The methodology is bunk. A Stanford grad might go make $70K in San Francisco and an MIT grad might make $70K in Boston, but they're still "poorer" than the ND grad earning $60K in Chicago. The results are skewed in favor of schools where graduates earn high salaries that might not paint the true picture of their earning power. Schools like ND, Duke, Michigan, and Vanderbilt are lower than they should be in terms of "real" ROI.

^^^
This

100% This.

You have to take the city into consideration.

 

[Whiskeyjack]

PayScale lists graduation rate on its ranking, but doesn't factor it into the ROI, which seems pretty strange to me. The risk that one might fail to graduate from one of the top Engineering schools is significant across the board.

But I like their choice to switch from a 30 to a 20y ROI. Since Businessweek hasn't updated its own College ROI in several years, I should probably start using PayScale for my own ranking; Businessweek based its ranking on PayScale's data after all. I'll be interested to see how these new figures shake up the rankings.

 

[nlroma1o]

I may have missed it, but I don't think I even saw Xavier on that list. So if they aren't worthy to be on that list, I guess that means I am really killing it in the ROI. lolzz

 

[Whiskeyjack]

This is what I really think skews the results. If you're not going into engineering then I don't think these lists are going to be as accurate, in terms of deciding where you should go to school.

Still the most objective way to rank schools. It's not very hard for non-STEM-bots to look at the list and simply skip over the Engineering schools.

 

[IrishLax]

Makes total sense to me and very interesting. Only thing I don't like is that it double counts in-state/out-of state (i.e. Georgia Tech listed twice) which makes it a little hard to read.

I sorted just private schools and ND falls #34 just behind Yale and ahead of Hopkins.

Some that surprised me... #11 Manhattan. Is that an engineering school? The Jaspers play lacrosse and are never any good... and I just realized I know nothing at all about their school. Also #26 Touro in NYC.

Are those schools, as wizards said, just a product of their location?

 

[Cackalacky]

The Top 20 is dominated by technical/engineering/IT schools. That is not really surprising to me. The standard of living , while higher in Atlanta relative to the rest of the south, is still low compared to the rest of the country. Not sure how skewed it is by location.