Stevens Institute of Technology Ranks 3rd in U.S. for Mid-Career Salary of Graduates
PayScale’s 2013-2014 College Salary Report Reveals Value of a Stevens Education
Hoboken, N.J. – At mid-career, the average salary of Stevens graduates is a hefty $124,000, ranking Stevens Institute of Technology third among colleges and universities nationwide, according to PayScale’s 2013-2014 College Salary Report.
Trailing only Harvey Mudd College and the United States Naval Academy and tied for third with California Institute of Technology, Stevens jumped nine spots above its 12th place ranking in 2012. PayScale ranks schools based on the median salary of graduates who are full-time employees with at least 10 years of experience in their field who hold only a bachelor’s degree.
Stevens also topped a number of other lists based on the PayScale data. The typical starting salary of Stevens graduates is $64,900, tied for 8th in the nation. Stevens—the first school of mechanical engineering in the nation—is tied for 13th on the list of Best Schools for Engineering Majors. And Stevens ranks first among Northeast schools and second among research universities for salary potential.
Based on PayScale’s annual College Education ROI rankings, released in May 2013, Stevens is also an institution of higher education that is well worth the investment. With graduates grossing $1.46 million in cumulative earnings above the cost of their bachelor’s degree after 30 years in the workforce, Stevens helps students earn back their tuition and then some, ranking 9th in the nation for ROI.
“Choosing a college is a big decision, so when a student chooses Stevens, we strive to ensure that there is a big payoff,” said Stevens President Nariman Farvardin. “This ranking validates what we already know within our talented university community—that a Stevens education is a pathway to success.”
Stevens boasts high-quality and highly regarded academic programs in engineering, the sciences, business, humanities and the arts which prepare students to solve critical problems facing society through technological innovation.
Situated in Hoboken, N.J., just minutes from Manhattan, the university offers unsurpassed opportunities for students to gain real-world work experience through internships and cooperative education offerings with its vast network of partner employers, including some of the world’s most renowned corporations.
Stevens graduates are talented and broadly educated innovators who have built countless technology companies, introduced new products to the market and held leadership positions in academia, government and industry.
“We are immensely proud that the Stevens curriculum continues to provide graduates with tangible professional advantages when they enter the workforce, making them in-demand and valuable assets throughout their careers,” said Farvardin.
Learn more about the Stevens difference at http://www.stevens.edu/sit/roi.
About Stevens Institute of Technology
Stevens Institute of Technology, The Innovation University®, is a premier, private research university situated in Hoboken, N.J. overlooking the Manhattan skyline. Founded in 1870, technological innovation has been the hallmark and legacy of Stevens’ education and research programs for more than 140 years. Within the university’s three schools and one college, more than 6,100 undergraduate and graduate students collaborate with more than 350 faculty members in an interdisciplinary, student-centric, entrepreneurial environment to advance the frontiers of science and leverage technology to confront global challenges. Stevens is home to three national research centers of excellence, as well as joint research programs focused on critical industries such as healthcare, energy, finance, defense and STEM education and coastal sustainability. The university is consistently ranked among the nation’s elite for return on investment for students, career services programs and mid-career salaries of alumni. Stevens is in the midst of a 10-year strategic plan, The Future. Ours to Create., designed to further extend the Stevens legacy to create a forward-looking and far-reaching institution with global impact.