Top Online Schools with Greatest ROI
ROI (Return on Investment) is a jargon that is getting famous among the students. In this state of economic declines and recession every student seems eager to investigate about the educational returns. A Question that hits the mind of students is: Will our education act as a source of unlocking the hidden treasures of money?
Earning a degree is congruent to investing the money and time in order to get a better and superordinate career. An investment is done in order to pursue some peculiar objectives. Likewise investing in education is meant for gaining knowledge and fulfilling the career objectives.
The numbers of unemployment are increasing and graduates have to tackle a serious job hunt in order to get reasonable jobs. If a college degree does not possess potential to become a source of good earning for a graduate, then such a degree is unlikely to lead to a successful career. A lot of time and money is injected in order to get the most out of education. Some students also need to bear the onus of massive loans to meet the expenses of education. If the degree is unlikely to payback the expected returns, then it means that graduates merely leave the college with an encumbrance of student loans and disappointments.
The graduate degrees of far-famed and widely esteemed institutions possess the potential of developing an affinity for good jobs and better careers. It is an obligation of the students to find such educational institutions, the degrees of which provide a career growth.
ROI is an important abstraction which provides a breakthrough of the worth that is implied in the degree of a particular online school, college or university. Finding ROI of the school is just like having a cost-benefit analysis. Using ROI, an assessment is done whether the earnings from the degree would allow the students to outstrip or surmount the costs of getting the degree.
ROI can simply be delineated as the return expected from surfing money and time on education. If ROI of a school falls in higher numbers then it connotes that the graduation degree of that particular school is a value for money. Conversely if students engage with a school having low ROI then they have to face hideous thwarts.
ROI can simply be described as the return expected for surfing money and time on education. In order to calculate ROI, two things must be known.
- Investment in college: Investment in college is the cash outflow to earn a college degree.
- Return from attending the college: It is the expected cash inflow after being a college graduate.
- 30 years net ROI
- Annual ROI
Earnings Differentials (earnings differential is the 30 years median - average pay) minus Weighted cost of graduation (weighted cost is the cost utilized for graduation from high school to graduation), the resulting figure is then multiplied with the graduation rate to get EXACT 30 years net ROI. Lets have a look at following image for better understanding.
Calculation of 30 years net ROI of Education
Note: earnings differential is the 30 years median pay for say 2010 graduate and 34-36 years pay for say 2011 high school graduate. Weighted cost is the cost utilized for 2011 high school graduate.
Calculation of Annual ROI:Expected value of Earnings Differentials Divided by Weighted cost for 2011 graduate, the resulting figure gives the Annual ROI.
Following list is likely to provide information about top 10 schools with remarkable ROIs.
|Rank||School||Type||Category||2011 Cost||30 Year Net ROI||Annual ROI|
|1||Harvey Mudd College||Private||Liberal Arts, Engineering||$212,900||$1,467,000||11.2%|
|2||California Institute of Technology (Caltech)||Private||Private Research, Engineering||$207,400||$1,417,000||11.2%|
|3||Massachusetts Institute of Technology (MIT)||Private||Private Research, Engineering||$208,100||$1,238,000||10.7%|
|4||Stanford University||Private||Private Research||$220,200||$1,194,000||10.4%|
|5||Princeton University||Private||Private Research, Ivy League||$205,600||$1,163,000||10.6%|
|6||Harvard University||Private||Private Research, Ivy League||$210,400||$1,115,000||10.4%|
|7||Dartmouth College||Private||Private Research, Ivy League||$212,000||$1,102,000||10.3%|
|8||Duke University||Private||Private Research||$210,900||$1,060,000||10.2%|
|9||University of Pennsylvania||Private||Private Research, Ivy League||$212,800||$1,001,000||10.0%|
|10||University of Notre Dame||Private||Private Research||$203,500||$978,800||10.1%|
|12||Lehigh University||Private||Private Research||$202,800||$900,900||9.8%|
|13||Cornell University||Private||Private Research, Ivy League||$209,600||$857,500||9.6%|
|14||Colorado School of Mines||Public||Engineering||$99,460||$851,700||11.9%|
|15||Columbia University||Private||Private Research, Ivy League||$217,100||$845,100||9.4%|
|16||Worcester Polytechnic Institute (WPI)||Private||Private Research, Engineering||$208,600||$842,900||9.6%|
|17||Georgia Institute of Technology||Public||Engineering||$82,340||$836,000||12.5%|
|18||Colorado School of Mines||Public||Engineering||$160,800||$810,600||10.2%|
|20||Rensselaer Polytechnic Institute (RPI)||Private||Private Research, Engineering||$215,300||$799,900||9.3%|
|21||University of California, Berkeley||Public||Public||$118,200||$790,100||11.1%|
|22||Lafayette College||Private||Liberal Arts||$203,700||$788,900||9.4%|
|23||Brown University||Private||Private Research, Ivy League||$210,500||$787,600||9.3%|
|24||Stevens Institute of Technology||Private||Private Research, Engineering||$231,800||$785,000||9.0%|
|25||Carnegie Mellon University (CMU)||Private||Private Research||$221,100||$779,400||9.2%|
|26||Georgia Institute of Technology||Public||Engineering||$165,100||$770,700||10.0%|
|27||Claremont McKenna College||Private||Liberal Arts||$211,700||$764,600||9.2%|
|28||Santa Clara University||Private||Private||$209,300||$753,700||9.2%|
|29||Amherst College||Private||Liberal Arts||$210,100||$740,400||9.2%|
|30||Rice University||Private||Private Research||$183,400||$737,800||9.5%|
|31||Rose-Hulman Institute of Technology (RHIT)||Private||Engineering||$197,000||$737,600||9.3%|
|32||Yale University||Private||Private Research, Ivy League||$214,400||$720,800||9.0%|
|33||Colgate University||Private||Liberal Arts||$209,700||$718,000||9.1%|
|35||University of California, Berkeley||Public||Public||$209,500||$707,900||9.0%|
|36||Georgetown University||Private||Private Research||$220,200||$703,100||8.9%|
|37||Case Western Reserve University||Private||Private Research||$205,700||$680,300||9.0%|
|38||Union College, New York||Private||Liberal Arts||$207,500||$662,100||8.9%|
|39||Williams College||Private||Liberal Arts||$205,400||$654,900||8.9%|
|40||College of the Holy Cross||Private||Liberal Arts||$200,200||$647,100||8.9%|
|40||University of California, San Diego (UCSD)||Public||Public||$107,000||$647,100||10.8%|
|42||Tufts University||Private||Private Research||$212,500||$644,600||8.7%|