|By PR Newswire||
|April 13, 2012 01:40 PM EDT||
WELLESLEY, Mass., April 13, 2012 /PRNewswire-USNewswire/ -- Babson College has been ranked #11 for the return on investment for its graduates by Bloomberg Businessweek - for the 2nd consecutive year.
Babson graduates enjoy a 30-year net ROI of $1,173,000. Babson's impressive graduation rate of 91 percent contributes to its high ROI.
Babson is the only private business college among the top 11 colleges. The others are either major universities or engineering schools.
Top 11 Colleges Ranked
"This is great news for parents, students, and applicants. The notion of being ranked as #11 for return on investment, and the company in which we find ourselves, provide ample testimony to the long-term value of a Babson education," said President Len Schlesinger.
"We are in elite company on this list. This ranking provides strong evidence that Babson does an incredible job in preparing its students for successful and productive careers," said Undergraduate School Dean Dennis Hanno.
View ranking methodology. http://www.businessweek.com/articles/2012-04-09/measuring-college-roi
View full ranking. http://www.businessweek.com/articles/2012-04-09/college-roi-what-we-found
The ranking was prepared by PayScale and is based on self-reported pay data obtained through its online salary survey tools; on average, pay reports from about 1,000 alumni from each school were used in the return on investment (ROI) calculations. The schools are ranked according to the 30-Year Net ROI, which represents the typical earnings of a graduate (in excess of those of a high school graduate) in 2012 dollars after deducting the net cost of the degree and adjusting for the school's six-year graduation rate. (An unadjusted ROI for graduates only is also shown.) The net cost of the degree is based on the total cost of attending the institution (including tuition & fees, room & board, and books), minus the average grant aid award, and the percentage of students who graduate in 4, 5, and 6 years. Annualized ROI is the percentage of ROI received each year after graduation; it is based on the 30-year net ROI, net cost of the degree, and annual wage inflation of 3.8 percent.
Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds(r). The College is a dynamic living and learning laboratory, where students, faculty, and staff work together to address the real-world problems of business and society--while at the same time evolving our methods and advancing our programs. We shape the leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to create economic and social value. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought and Action(r) as the most positive force on the planet for generating sustainable economic and social value. Visit www.babson.edu
This news release was issued on behalf of Newswise(TM). For more information, visit http://www.newswise.com.
Michael Chmura, [email protected], 781-239-4549
SOURCE Babson College
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