HOBOKEN—At $44,210 a year, tuition at Stevens Institute of Technology is far from cheap, but according to a recent report, it is well worth the investment. Stevens was ranked third out of 1,223 colleges nationwide for its 20-year return on investment by PayScale, an online salary database.
According to the 2015 PayScale College ROI Report, the average Stevens bachelor’s degree holder will earn $841,000 more than a high school graduate over twenty years, less the cost of his degree. Last year, Stevens’ 20-year ROI was ranked fifth among U.S. colleges.
Stevens beat out New Jersey rivals Princeton (ranked ninth for ROI) and the New Jersey Institute of Technology (ranked 26th for in-state students, 36th for out-of-state). The highest-ranked school in the nation was Harvey Mudd College, followed by Caltech.
Edward Stukane, vice president of communications and marketing at Stevens, told NJBIZ that the majority of Stevens students get job offers as seniors.
“These companies have learned that when [they hire our graduates] they get employees who are ready to contribute day one,” he said. “There were 350 companies that came to our campus last year to meet with our graduating class, and more than 1,000 companies hired last year’s graduates. That shows a real demand.”
According to the PayScale report, the typical early career salary of Stevens graduates is $65,300.
Report: Stevens ranked third nationwide for return on investment
