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April 5, 2014

Rose return on investment 7th on PayScale list

TERRE HAUTE — A Rose-Hulman Institute of Technology education is a worthy investment, ranking seventh nationally, with a 20-year net return of $736,200, according to PayScale, Inc’s 2014 College Return on Investment Report.

PayScale examined the return on investment at 911 colleges and universities, comparing costs to median alumni earnings over the first 20 years after graduation.

“Post-graduate earnings are a necessary piece of the college decision-making process,” said Katie Bardaro, the online salary information company’s lead economist. “Although post-graduate earnings shouldn’t be the only consideration when choosing a school, they should certainly play a part, especially when making choices about how much to borrow to fund your education. Students need to know whether they’ll be able to pay off their loans effectively in the context of their chosen field.”

Rose-Hulman also ranked among the nation’s best in PayScale’s 2013-14 College Salary Report. That survey evaluated $65,100 starting and $111,000 mid-career salaries for Rose-Hulman graduates. (The official starting salary was $63,075 for 2013 Rose-Hulman graduates, within six months of commencement, according to Office of Career Services statistics.)

Approximately 70 percent of students in Rose-Hulman’s Class of 2014 have already accepted full-time positions, are preparing for military commissions or plan to attend graduate school after receiving their diplomas on May 31.

Engineering schools dominate the top of the 2014 PayScale ROI survey, with nine out of the top 10 colleges having an engineering focus. The average 20-year net ROI for engineering colleges is $620,469, almost three times the average across all non-engineering Schools ($218,866), according to PayScale.

 

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