(Hoboken, N.J. – July 9, 2018) – Among the nation’s top colleges and universities, Stevens Institute of Technology is ranked No. 2 for the smallest gender gap in earnings among its graduates, with women out-earning men by 1.6 percent, according to data reported by Forbes magazine.
The report comes at a time when the gender gap in pay has remained stagnant or widened in areas across the country, prompting legislators to take sweeping action against the disparity.
At a time when the gender gap in pay continues to persist, Stevens’ graduates are bucking the trend,” says Susan Metz, executive director for diversity and inclusion at Stevens. “This is another indicator that Stevens is getting it right – we prepare our students for successful careers and deliver a great return on investment for their college education.”
Forbes’ ranking, based on data from the U.S. Department of Education’s College Scorecard project, considered the top 117 schools, as defined by the U.S. News & World Report’s Best Colleges rankings (the top 100 universities plus the top 25 liberal arts schools, minus schools that didn’t report data).
It then looked at the average earnings of people who had started school six years prior, with the majority taking four years to graduate, and who were now working and no longer in school full-time.
Data show that during this time period, a male graduate earned an average of $59,000, while a female graduate earned 19 percent less with an average salary of $48,000. That national average includes data from elite schools, such as Harvard, MIT, Duke and Stanford.
That wage gap stands in stark contrast to the median pay of Stevens graduates, in which women earned $64,000 and men earned $63,000. The report also highlighted Stevens as one of just three schools whose female graduates made more than their male counterparts during this time period, trailing only Clark University but ahead of Yale.
Moreover, Stevens is consistently among the nation’s elite in return of investment. Salary consultancy PayScale ranked Stevens No. 15 in its 2018 College ROI Report, while the Princeton Review named the university one of the "50 Colleges that Create Futures" in 2017.
About Stevens Institute of Technology
Stevens Institute of Technology is a premier, private research university situated in Hoboken, New Jersey overlooking the Manhattan skyline. Since our founding in 1870, technological innovation has always been the hallmark and legacy of Stevens’ education and research. Within the university’s three schools and one college, 6,900 undergraduate and graduate students collaborate closely with faculty in an interdisciplinary, student-centric, entrepreneurial environment. Academic and research programs spanning business, computing, engineering, the arts and other fields actively advance the frontiers of science and leverage technology to confront our most pressing global challenges. The university is consistently ranked among the nation’s elite for return on tuition investment, career services and the mid-career salaries of alumni.
Stevens media contact: Thania Benios, 201.216.5003, [email protected]