Harvey Mudd College ranked No. 3 in the nation for return on investment in PayScale’s 2016 College ROI Report, released today by the online salary information company.
Prior to 2016, Harvey Mudd held the No. 1 spot for college ROI for four years straight, from 2012 to 2015.
With a 20-year net ROI of $945,000, Harvey Mudd tied for third place with SUNY Maritime College. Coming in at first place was Caltech, followed by MIT.
While the College welcomes consistently high ROI rankings, Harvey Mudd’s mission remains to provide an excellent math and science education in a broader liberal arts context and to prepare leaders well versed in their fields, says Vice President for Admission and Financial Aid Thyra Briggs.
“Our students work collaboratively across disciplines, excel in all aspects of communication and have extensive technical expertise” says Briggs. “The combination of these skills makes them particularly valuable to employers and graduate schools.”
PayScale economists evaluated data from more than 1,200 colleges and universities and compared costs to median alumni earnings over a 20-year period by summing up the median pay for bachelor’s graduates who earned degrees between 1996 and 2015 from each school, using data over the last year to adjust for wage inflation.
In PayScale’s 2015–2016 College Salary Report, a separate annual report issued each fall, Harvey Mudd ranked No. 2 for mid-career salaries of all U.S. college and university graduates pursuing careers with a bachelor’s as a final degree. PayScale defines mid-career salaries as 10 or more years of experience in a field.