A new study by Georgetown University places Stevens Institute of Technology 5th based on the median earnings of graduates of more than 1,400 four-year colleges and universities in the U.S. ten years after starting classes.
According to the study – Ranking Your College: Where You Go and What You Make – Stevens graduates, with annual earnings of $82,800, rank among their peers at MIT, Harvard and Georgetown universities.
The high earnings potential of a STEM education stood out significantly. The report noted that more than half of the spots in the top 20 salary earners went to schools with significant science, technology or engineering programs, such as Stevens, saying that “that the choice of major or type of program a student chooses has significant effects on their level of income.”
Ranking Your College represents the first ever set of college rankings developed by the Georgetown University Center on Education and the Workforce (CEW). The CEW’s findings are based the U.S. Department of Education’s landmark College Scorecard, which was released last September.
The Scorecard is an interactive web tool that gives prospective students and parents an idea of how much graduates earn and how much debt they would accrue when they graduate. For the first time, users can easily find how much students who have taken courses in thousands of colleges across the U.S. earn 10 years after enrolling and how much debt to take on.
The Scorecard was developed to help students and parents identify which schools provide the biggest bang for their buck, as mounting student debt and the financial strain of paying for college have caused prospective students and their families to be ever more mindful of the financial considerations of choosing a college.
The CEW ranking is the latest affirmation of the return on investment of a Stevens education. It follows other national surveys of 2015, including PayScale’s College ROI Report, which ranked Steven 3rd in the nation for 20-year net return on investment for graduates, and Stevens’ inclusion in The Princeton Review’s "Colleges That Create Futures: 50 Schools That Launch Careers By Going Beyond the Classroom.”
To go beyond the statistics and to learn more about the value of a Stevens education, please visit stevens.edu/sit/roi.