Reply to T20 Universities list predictions

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[quote=Anonymous][quote=Anonymous]Based on earlier comments, it sounds like people want to base academic rankings on job placement and salary statistics. Those two don’t necessarily correlate. If you’re comparing an Ivy classics major to a State U CS major, the comparison makes no sense from an academic perspective, but the CS major will have a higher salary. What’s the point of the ROI focus? To make the arts look bad? Don’t people already know which majors pay? ROI is a dumb way to rate academic excellence. [/quote]

Yes.  If incomes are tied to certain set of majors, and school A has a higher percentage of graduates in that set of majors than school B, school A will likely do better in the ROI studies.  Despite that, students in the  given set of majors from school B may have better average ROI outcomes than those from school A.

A real world example of school A may be Georgia Tech and school B Berkeley.  Georgia Tech has higher average ROI than Berkeley due to its extremely high concentration of engineering majors, but when the comparison is major to major, Berkeley is likely higher.

The other thing that skews ROI is geography and cost of living.  Schools with a higher percentage of graduates settling in high cost areas (NYC, Bay Area, etc.) tend to have higher incomes, but also much higher cost of living.  Cost of living is not factored in published college ROI studies.[/quote]

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