In ROI for Students, Stevens Institute of Technology Ranks Among Top 25 Schools in Nation
National Survey Says Stevens Graduates Can Expect 30-Year Return of More Than $1 Million
Hoboken, N.J. – In Bloomberg Businessweek’s third annual ranking of the best colleges for return on investment, “What’s Your College Degree Worth?,” Stevens Institute of Technology’s 30-year net ROI of $862,500 is 23rd in the nation and its 30-year net ROI for graduates of $1.17 million is 16th in the nation.
The study is based upon PayScale.com, which uses self-reported pay data from alumni of more than 850 nationwide colleges and universities obtained through its online salary survey tools. The ROI ranking reflects what incoming students can reasonably expect from their investment in obtaining a college degree from a certain school. It represents the typical earnings of a graduate over a 30-year period, in excess of a high school graduate, after deducting the net cost of the degree, which is based on the total “sticker price” minus the average financial aid award and adjusted for six-year graduation rate.
The 2012 report finds that average ROI across all surveyed colleges nationally decreased since 2011, reflecting sinking salaries in a tough economy and the rising cost of higher education. However, ROI for Stevens students remains at the front of the pack.
In addition, Stevens ranks eighth in ROI and fourth in ROI for graduates out of 18 metro area schools, and its graduation rate is the highest among the group. In its classification of “Private Research Universities, Engineering,” Stevens is fifth among all schools nationally.
Stevens’ leading ROI in part reflects national trends. In the 2012 report, private schools easily surpassed public schools in ROI. In addition, engineering schools averaged more than double the ROI for liberal arts schools, triple that of business schools, and more than 26 times that of arts and design schools.
However, Stevens students have outpaced the national average year after year in both placement rates and job outcomes, benefitting from exceptional academic programs, world-class research experiences and unique experiential learning opportunities that prepare them to become leaders in their chosen fields.
“Between our highly-competitive academic environment, market-relevant internship opportunities, nurturing and supportive campus, and prime location minutes from Manhattan, Stevens students have everything they need to achieve personal, professional and financial success,” said Maureen Weatherall, vice president of university enrollment and administration.
Employers continue to value the quality and reputation of a Stevens education, with members of the Class of 2012 having already accepted offers from well-known companies such as Deloitte, DuPont, Goldman Sachs, Honeywell, Johnson & Johnson, JPMorgan Chase, UBS and United Technologies.
“Few universities can match Stevens in terms of job placement, a testament to the rigorous academic background of our students and the professional work experiences so many obtain in the most in-demand fields, well before graduation,” said Lynn Insley, director of career development.
About Stevens Institute of Technology
Founded in 1870, Stevens Institute of Technology, The Innovation University™, lives at the intersection of industry, academics and research. The University's students, faculty and partners leverage their collective real-world experience and culture of innovation, research and entrepreneurship to confront global challenges in engineering, science, systems and technology management.
Based in Hoboken, N.J. and with a location in Washington, D.C., Stevens offers baccalaureate, master’s, certificates and doctoral degrees in engineering, the sciences and management, in addition to baccalaureate degrees in business and liberal arts. Stevens has been recognized by both the US Department of Defense and the Department of Homeland Security as a National Center of Excellence in the areas of systems engineering and port security research. The University has a total enrollment of more than 2,400 undergraduate and 3,700 graduate students with more than 450 faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America as well as strategic partnerships with industry leaders, governments and other universities around the world. Additional information may be obtained at www.stevens.edu and www.stevens.edu/news.