A Stevens Institute of Technology education continues to be one of the best values among the nation’s top colleges and universities, according to new evaluations provided by salary consultancy PayScale in its just-released 2017 College Return-on-Investment (ROI) Report on Best Value Colleges.
The report ranks Stevens 10th overall, factoring in financial aid or without financial aid, among the more than 1,400 public and private nonprofit U.S. institutions in net ROI. The College ROI Report provides information as defined by the 20-year net ROI realized by attending that institution.
Stevens has also consistently offered one of the highest returns on investment in New Jersey. The report ranks Stevens 1st in the state for ROI without factoring in financial aid, ahead of Princeton and all other New Jersey colleges.
“This recognition reaffirms our outstanding reputation for laying the foundation for the long-term career success of our graduates. It is a testament to the technology-driven orientation that is at the core of a Stevens education,” said Stevens President Nariman Farvardin. “Our graduates are recruited into highly competitive positions by the nation’s top employers.Prospective students choose Stevens knowing with confidence that they will leave here with exceptional career opportunities and ultimately a great return on their investment.”
Stevens also ranks well in several categories by school type, including best value engineering schools and research universities. Among engineering schools, Stevens ranked 7th, with financial aid, for its ROI behind peer institutions such as MIT, Harvey Mudd and Caltech. Stevens ranked 6th among research universities nationally.
When it comes to landing a job after graduation, Stevens students continue to excel. Stevens ranked 2nd, behind MIT, for ROI by career path in the business or finance sectors. The result is not surprising as 100 percent of graduates from the School of Business secured jobs in their fields of interest or were accepted to graduate school within six months of graduation. In addition, many graduates with engineering degrees also continue to achieve leadership roles across a variety of industries around the world.
Overall, 96 percent of the Class of 2016 secured highly competitive employment opportunities or admission into prestigious graduate programs. Of those employed, the class reported a record-high average starting salary of $67,100.
Prospective students and their parents are recognizing the value of a Stevens education, as evidenced by the significant growth in applications for both undergraduate and graduate-level programs. Since 2011, undergraduate applications have seen an incredible 105.8 percent increase. Over that same period, graduate applications rose by 139 percent.
In addition, in separate recent rankings, The Princeton Review ranked Stevens 11th in the nation for "Best Career Placement" in the 2017 edition of "Colleges That Pay You Back." Stevens ranked 5th in the nation among "The 30 U.S. Colleges Where Students Go On To Earn The Most Money" by CNBC, 2017. The University Herald also named Stevens as one of the top 5 “Colleges Where Female STEM Students Flourish.”
For more information about the PayScale 2017 College ROI report, visit: payscale.com/college-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 147 years. Within the university’s three schools and one college, 6,600 undergraduate and graduate students collaborate with more than 290 full-time 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, maritime security, 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.