Hoboken, NJ - No matter how you look at it, college is an investment of both time and money. Payscale has posted their annual College ROI Report, which covers "Best Value Colleges," "Majors & Careers" and "States & Categories." Once again the Stevens Institute of Technology makes the top ten of all colleges and universities, but ranked an unprecedented third place. Up from fifth for the past years, Stevens in Hoboken was calculated with a 20-year ROI of $841,000.
Many of the other New Jersey colleges and universities improved in the rankings. Princeton University placed 9th this year up from 13th, New Jersey Institute of Technology placed 26th from 42nd, and Rutgers University, New Brunswick placed 91st from 125th.
Overall the engineering schools dominated the rankings and Princeton University was the only Ivy League school to place in the top 10.
Edward Stukane, vice president of communications and marketing at Stevens, said a majority of the college’s students get job offers as seniors, and many are weighing two or more prospects.
“These companies have learned that when (they hire our graduates) they get employees who are ready to contribute day one,” he said. “There were 350 companies that came to our campus last year to meet with our graduating class, and more than 1,000 companies hired last year’s graduates. That shows a real demand.
“And that’s across the board, not just engineering; demand for our business school and our college of arts and letters students continues to grow as well.”
No. 3: Stevens Institute of Technology
20-year ROI: $841,000
4-year cost: $232,000
No. 9: Princeton University
20-year ROI: $795,700
4-year cost: $217,300
No. 26: New Jersey Institute of Technology (in-state tuition)
20-year ROI: $680,800
4-year cost: $122,200
No. 36: New Jersey Institute of Technology (out-of-state)
20-year ROI: $633,500
4-year cost $169,500
No. 41: Rutgers University - Newark Campus (in-state)
20-year ROI: $617,900
4-year cost: $115,100
No. 61: Rutgers University - Newark Campus (out-of-state)
20-year ROI: $566,400
4-year cost: $166,600
No. 91: Rutgers University - New Brunswick Campus (in-state)
20-year ROI: $518,800
4-year cost: $114,200
For the full report: http://www.payscale.com/college-roi/
Overall the engineering schools dominated the rankings and Princeton University was the only Ivy League school to place in the top 10.
Edward Stukane, vice president of communications and marketing at Stevens, said a majority of the college’s students get job offers as seniors, and many are weighing two or more prospects.
“These companies have learned that when (they hire our graduates) they get employees who are ready to contribute day one,” he said. “There were 350 companies that came to our campus last year to meet with our graduating class, and more than 1,000 companies hired last year’s graduates. That shows a real demand.
“And that’s across the board, not just engineering; demand for our business school and our college of arts and letters students continues to grow as well.”
No. 3: Stevens Institute of Technology
20-year ROI: $841,000
4-year cost: $232,000
No. 9: Princeton University
20-year ROI: $795,700
4-year cost: $217,300
No. 26: New Jersey Institute of Technology (in-state tuition)
20-year ROI: $680,800
4-year cost: $122,200
No. 36: New Jersey Institute of Technology (out-of-state)
20-year ROI: $633,500
4-year cost $169,500
No. 41: Rutgers University - Newark Campus (in-state)
20-year ROI: $617,900
4-year cost: $115,100
No. 61: Rutgers University - Newark Campus (out-of-state)
20-year ROI: $566,400
4-year cost: $166,600
No. 91: Rutgers University - New Brunswick Campus (in-state)
20-year ROI: $518,800
4-year cost: $114,200
For the full report: http://www.payscale.com/college-roi/
