Tag Archives: Return on Investment

Tech in top 10 for ROI among Midwest schools

MTU graduates Rosanna Chopp and Willow Carmody at this year's commencement ceremony.

What’s a university education worth? That’s a question often asked by students, parents and legislators.

According to 2013 rankings recently released by PayScale, Michigan Tech graduates rank 18th in the nation among 437 public universities in the return on investment (ROI) from their degrees. PayScale is a website that compares the cost of a college education to the salaries earned by graduates.

PayScale ranked Michigan Tech in the top 10 for ROI among Midwest schools. ROI is defined as the cost of attending college compared to the gain in income over thirty years of a college graduate over a high school graduate.

This year Tech ranked 77th among all 1,511 public and private colleges and universities evaluated by the website. Michigan Tech’s ranking in PayScale’s annual report rose from 102 among all universities and 44 among public universities last year.

“This is impressive,” said President Glenn Mroz. “It validates what we believe here at Michigan Tech, that we are truly preparing our students to take their place as well-educated citizens, to get jobs, earn good salaries and create the future.”

The report listed the typical starting salary of a Michigan Tech graduate at $56,000 and the thirty-year net ROI at $999,300.

In an interview on “The Daily Ticker” on the Yahoo Finance website this week, former Secretary of Education William Bennett said that the ROI is positive only for about 150 of the nation’s 3,500 institutions of higher learning. Michigan Tech is one of those 150. Bennett analyzed the ROI of colleges and universities for his book, Is College Worth It?

This article was written by UMC public relations director, Jennifer Donovan, for Tech Today.


A Michigan Tech Education Pays Off

Michigan Tech graduates know the value of their education.

Is a college education a good investment?

No question about it, according to a report just issued by the website PayScale.com. In its 2012 Return on Investment (ROI) rankings, PayScale reports that a bachelor’s degree from Michigan Tech can be expected to yield more than $450,000 over a high school diploma in 30 years.

Michigan Tech placed 102nd among 850 US colleges and universities ranked in PayScale’s latest ROI report. According to the report, a Michigan Tech bachelor’s degree provides a return on investment of 9.6 to 11.1 percent.

“You would have a difficult time getting 11 percent every year going forward in the stock market without taking on a lot of risk,” said President Glenn Mroz. “And this is an investment people make in themselves that pays dividends beyond a simple ROI, since it affects a person’s quality of life and that of their family, often for generations.”

The ROI report also compared the cost of a degree at each of the colleges and universities ranked. It reports that a degree from Michigan Tech costs an average of $103,200, including tuition, fees, room and board, and books and supplies, with 91 percent of students receiving financial aid. At the top 10 schools on PayScale’s ROI list–all private–a degree costs between $203,500 and $212,900.

“The top of the list is dominated by expensive private schools and public universities with a strong STEM focus, demonstrating the value of STEM degrees,” Mroz pointed out.

Graduate School Dean Jackie Huntoon agreed. “I think this is a more rational ranking than the US News report, since it is based less on other academics’ perceptions and more on student outcomes,” she said.

(This article was written by Jennifer Donovan, Director of Public Relations, and was orignially posted in Tech Tody).