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My wife is in academia and I'm a hiring partner in finance/consulting and these rankings feel very random.
There are over a hundred great colleges not on folks' radars, so it's great that these various ranking publications try to mix things up beyond the usual suspects beyond Princeton, Stanford, Harvard, MIT, Yale. But this group seems like a list of odd bedfellows. I'm not sure what kid this kind of list serves? I wouldn't put much credence in any ranking list to be honest, but this one in particular seems a bit silly and random. |
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Every methodology has biases. Look at US News. After they changed their algorithm a couple of years ago, there are now 6 UCs in the top 40, with UC Merced and its 95 percent acceptance rate and its 51 percent graduation rate after 6 years holding down the 57 spot.
Unfortunately, there are zero rankings presently that actually rate and measure the things most students and employers care about. So I wouldn't take any "official" ranking very seriously at present. |
Yes, people needs jobs, but no, that's not what I value about college. |
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I looked at the methodology and the numbers. Man, full price payers are suckers! It says the average cost to attend #1 Stanford for all FOUR years is $12,136, and the value added to the graduate's salary is $94,725, hence 6 months to pay off. Avg net price for Princeton is $10,555.
"Years to pay off net price (17%): This measure combines two figures—the average net price of attending the college, and the value added to graduates’ median salary attributable to attending the college. The value added to graduates’ median salary by a college was estimated on the basis of the difference between the median earnings of the school’s graduates and the median earnings of high-school graduates in the state where the college is located and across the U.S. in proportion to the ratio of students who are in-state versus out-of-state. We then took the average annual net price of attending the college—including costs like tuition and fees, room and board, and books and supplies, taking into account any grants and scholarships, for students who received federal financial aid—and multiplied it by four to reflect an estimated cost of a four-year program. We then divided this overall net-price figure by the value added to a graduate’s salary, to provide an estimate of how quickly an education at the college pays for itself through the salary boost it provides. Our analysis for this metric used research on this topic by the policy-research think tank Third Way as a guide." |
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I know a lot of my colleagues look at UC Merced as a better school than half the Ivies, UChicago, Duke, etc.
This ranking by the WSJ is one of the better ones, maybe the new gold standard? |
So, it's a nuanced distinction but an important one but it also makes the WSJ rankings difficult to understand. Here is how they look at salaries and how much weight they give to the rankings: Salary impact (33%): This measures the extent to which a college boosts its graduates’ salaries beyond what they would be expected to earn regardless of which college they attended. We used statistical modeling to estimate what we would expect the median earnings of a college’s graduates to be on the basis of the exam results of its students prior to attending the college and the cost of living in the state in which the college is based. We then scored the college on its performance against that estimate. These scores were then combined with scores for raw graduate salaries to factor in absolute performance alongside performance relative to our estimates. Our analysis for this metric used research on this topic by the policy-research think tank the Brookings Institution as a guide. |
What does that mean average price of Stanford is $12,136? 7 out of 8 kids are paying $0/yr and 1 kid is paying $100k/yr? Doesn't seem realistic to me. |
At a maximum acceptance rate of 17%, most applicants will not gain admission to these schools. For this reason, it may be immaterial how the WSJ arrived at its choices. |
| Finally, a ranking that puts my college above its rival. Woohoo! |
There is one ranking: the New York Times op-ed page on Sunday had an interesting chart with an essay that showed how selective colleges measure up against less selective colleges on student engagement based on a big survey done by Indiana University for decades. Check it out. |
UC Davis is ranked 32 nationally and #9 for public institutions. Cal Poly and SJSU place more of their engineering students in SV . |
| Claremont McKenna is a great school |
Debatable. Very big on clout chasing over improving the school. |
| Lists that place a huge value on "ROI" are always going to highly rank pre-professional schools that skew towards lower-income students. In-state publics, tech schools like Bentley. Yes, if you come from a blue collar background and your peers become cashiers at WalMart, your Bentley degree that leads you to an accounting job at the local used car lot is a great investment. Does that make it a great choice for my child? No. |
More than likely, it's because most at colleges like Pomona, SLO, SJSU go into CS/engineering, which is higher paying. I don't k now that much about SUNY schools and what the are known for, but I do know that those three CSU graduate a lot of CS/eng majors. While NYC certainly has a lot of tech, IMO, SV has more. |