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Rose-Hulman Ranks Among Nation’s Best in PayScale’s Return on Investment Report
March 17, 2015
Strong Career Options: The Office of Career Services provides students with several job opportunities to start their careers, which PayScale estimates to having average net earnings of $735,100 over the first 20 years.
Rose-Hulman has a 20-year net return on investment ranking among the best of American colleges, and tops all Indiana institutions, according to PayScale’s 2015 Return on Investment Report.
The online compensation comparison software company, boasting the largest database of salaries in the world, estimates Rose-Hulman’s average return on investment (ROI) at $735,100. This amount factors in a graduates’ average net salary over the first 20 years of their professional career against the cost that alumnus paid for attending Rose-Hulman. Another factor in the ROI equation is the average 24-year salary if that alumnus hadn’t attended Rose-Hulman and entered the workforce straight out of high school.
That put Rose-Hulman No. 13 among on this year’s Return on Investment list, better than many Ivy League colleges, and No. 1 among 15 Indiana colleges listed.
PayScale’s 2014-15 College Salary Report, distributed last fall, listed Rose-Hulman at No. 9 for alumni having an early-career (0-5 years after graduating) salary average of $67,300 for all bachelor-degree earners. The mid-career (10-plus years) average of $115,700 ranked No. 24 nationally.
Graduates in science, technology, engineering, and mathematics career fields reap the greatest financial returns on their investments, according to PayScale. The service’s annual Return on Investment Report provides students and parents with data to ensure “students make financial decisions that make sense,” according to Lydia Frank, PayScale’s editorial and marketing director.