Articles tagged as: PayScale
Texas A&M Among Top 4 Public Universities Nationally For Affordability And High Return On Investment
Texas A&M University is one of the nation’s four most affordable comprehensive public universities with high return on investment (ROI) — what its graduates are projected to earn during the first 20 years of careers – according to new rankings by Payscale, an online organization that focuses on affordability combined with high quality in higher education. The survey places Texas A&M tops in Texas among public colleges and universities.
Of the 69 Texas institutions – public and private – included in the Payscale rankings, only Rice University ranks higher than Texas A&M. The projected net ROI by Payscale for Texas A&M graduates – the added value of a Texas A&M degree compared to what is typically expected of a graduate– is $566,700, and it attributes an overall cost-of-education figure of $91,040 to Texas A&M. The net ROI for Rice is shown as $633,400, with its college-education cost listed as $200,200.
Nationally among public institutions with broad-based academic programs, only Georgia Tech, the University of California at Berkeley and California Polytechnic State University at San Luis Obispo rank higher than Texas A&M based on in-state tuition charges. Texas A&M ranked among the top 10 public institutions nationally when including highly specialized technical institutes and schools. The survey addressed graduates with bachelor’s degrees.
Previous such Payscale ratings were based on salaries projected over a 30-year period, but for the 2014 report the timeframe was changed to the first 20 years of a career because, Payscale officials say, that period is more reflective of a graduate’s overall earning power. Texas A&M’s relative standing remained the same, but all the other top leaders in the 2013 survey dropped below Texas A&M.
Underscoring a related aspect of the Payscale survey, the Texas A&M Career Center reports that for 2012-2013, the most recent full year for which it has statistics, more than 4,000 companies – a record – recruited Texas A&M University students, with more than 12,000 job postings representing over 63,000 positions. Leigh Turner, the center’s executive director, notes that among those 4,000+ companies are 85 of the Fortune 100 companies or their divisions or subsidiaries.
Also, Texas A&M is graduating students at a record rate, with many of them immediately entering the workforce, while others enter graduate or professional school in preparation for subsequent careers that rationally produce even higher financial returns. Texas A&M awarded a record 12,333 degrees for the most recent full academic years, according to the Office of Data and Research Services.
The 2014 Payscale survey, including college costs and projected ROI estimates and the methodology used, can be viewed at the website.
Media Contact: Lane Stephenson, News & Information Services, at (979) 845-4662
Texas A&M University continues to rank tops in Texas among public universities and among the top 10 public institutions nationally on a return-on-investment (ROI) basis — what graduates earn in their careers compared to their college costs — according to the 2012 rankings by PayScale, a Seattle-based compensation data firm, and published by Bloomberg Businessweek.
Texas A&M ranks 8th nationally among public institutions and 60th overall in the new ROI rankings that are typically dominated by private institutions. The 60th place overall ranking for Texas A&M represents an 11-place jump compared to its standing in PayScale’s previous survey in 2010. Rice University is the only Texas institution to rank higher.
Traditionally, Texas A&M ranks high in national surveys about colleges and universities, particularly those that have “best value” perspectives. In a survey with a focus similar to that taken by PayScale, Smart Money magazine ranked Texas A&M first nationally in 2011 for “payback ratio”— which the magazine defined as the earnings levels of an institution’s graduates compared to what they paid in tuition, fees and related costs for their undergraduate educations.
The Wall Street Journal ranked Texas A&M second nationally in a 2010 survey based on employers’ satisfaction with an institution’s graduates.
Texas A&M also fared well in a recent New York Times listing of what business leaders worldwide say are the top institutions from which they recruit — and ranked first in Texas. The New York Times spread, titled “What business leaders say,” is based on responses from “hundreds of chief executive and chairmen chosen from leading companies in 10 countries,” according to a notation explaining the selection process. The polling that produced the list of 150 institutions was conducted by the surveying company Emerging. Overall, Texas A&M placed 58th — and eighth among public U.S. universities and first among all public or private universities in the Southwest or deep South.
More than 3,000 employers, including 80 percent of the Fortune 100 companies, recruit at Texas A&M each year, according to records maintained at its Career Center. Personnel there also report that job opportunities posted for Texas A&M students increased 95 percent from 2009-10 to 2010-11 — from 4,600 to 9,100.
Media contact: Lane Stephenson, News & Information Services at (979) 845-4662