Hoboken, N.J. – Stevens Institute of Technology ranks 7th nationwide among elite universities in percentage of STEM (science, technology, engineering and mathematics) degrees awarded, according to a report released by U.S. News & World Report on June 18. Stevens awarded 82 percent of its undergraduate degrees in STEM fields during the academic year that concluded in June 2012.
"There are only 15 top-ranked universities with 50 percent or more of their bachelor's degrees awarded in STEM fields," noted U.S. News & World Report research data director Robert Morse in an explanation accompanying the release of the STEM rankings.
“The complex global challenges we face require that we attract more students into the STEM disciplines, and that we do more to inspire, retain and support those students throughout their education as they move toward productive careers and engaged citizenship,” said Stevens Provost George Korfiatis. “Stevens is proud to be a leader among universities that can have such profound impact on the local, national, and global scale.”
The value of STEM degrees was noted recently in the PayScale rankings of the ROI of the education at universities. Stevens ranks 9th among all colleges and universities nationally for 30-year net return on investment, with graduates grossing $1.46 million in cumulative earnings above the cost of their bachelor’s degree after 30 years in the workforce. The university jumped to 9th from 24th on the 2012 PayScale college education ROI rankings.
"We are extremely pleased at this high ranking in the STEM fields, which are so critical to the nation's future and the highest-paid in industry, just as we are likewise proud of our many award-winning academic programs in business, the arts, the humanities, and diverse other fields at Stevens," said Korfiatis.
California Institute of Technology topped the ranking, while MIT placed 5th, Carnegie Mellon University 13th, Stanford 14th, and Princeton 29th.
Only universities ranked in the top 50 percent of U.S. News & Report's annual Best Universities ranking were included in the STEM rankings, pointed out Morse. The survey methodology involved dividing the number of STEM field degrees awarded — STEM fields as defined by the U.S. Department of Homeland Security — by the total number of bachelor's degrees awarded during academic year 2011-2012.
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, STEM education and coastal sustainability. The university is the fastest-rising college in the U.S. News & World Report ranking of the best national universities, and it 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.