Hoboken, NJ – Stevens Institute of Technology has been ranked in the top 3% of schools in the nation for annualized net return on investment (ROI), according to a new study of 700 colleges and universities. The study, dubbed “What’s Your College Degree Worth?” was conducted for Bloomberg BusinessWeek.
This ranking is intended to help students and parents evaluate the “payback” value of a student’s undergraduate degree. In the ranking, ROI was determined by comparing the cost of attending a school with how much its graduates earn. This year the study not only took into consideration the “sticker price” of a school but also incorporated the average financial-aid grant award. Though the report found that overall ROI declined due to growing tuition costs and stagnating wages, ROI for Stevens graduates remained high.
Examining the rankings based on 30-year net ROI for graduates who received grants and financial aid, Stevens is ranked 20th in the nation overall. In the Northeast, Stevens placed 12th among all colleges and universities in the region. Stevens ranks 16th among all private universities in the US.
Recent graduates of Stevens have fared exceptionally well in terms of post-graduation placement. Last year’s graduates earned post-graduation salaries starting at 5.9% above the national average, and 38% of the Class of 2010 received multiple employment offers. Members of the Class of 2011 have already accepted offers from well-known companies such as Johnson & Johnson, Goldman Sachs, BMW, Federal Reserve, L’Oreal, ExxonMobil, and Barclays Capital. In addition, many students will once again pursue graduate degrees in a diverse range of disciplines, with some moving on to medical school and law school. Stevens graduates will be attending other leading universities in the fall, including Columbia University, Georgetown University School of Medicine, and the University of Pennsylvania.
“We engage our students early, complementing academic studies with hands-on learning in the workplace and access to other professional development activities. The educational process at Stevens prepares our students for future success. It is our expectation that Stevens students will become leaders in their fields,” explains Lynn Insley, director of the Office of Career Development, which has been ranked 14th in the nation by The Princeton Review. “Companies are eager to hire our graduates because they bring with them professional work experience that demonstrates their talent, dedication, and drive.”
“Stevens’ focus on experiential learning – like our cooperative education program, access to real-life, hands-on research at the undergraduate level, and diverse internship opportunities – really prepares our students for their post-graduation plans,” states Maureen P. Weatherall, Chief Administrative Officer for the University. “Continued recognition of the strength of our ROI for graduates further solidifies what our current students and alumni know first-hand: a Stevens education is invaluable.”
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 2,350 undergraduate and 3,600 graduate students with almost 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.