Mines "biggest bargain" in BusinessWeek's return-on-college-investment report
GOLDEN, Colo., July 7, 2010 – In its feature “What’s Your College Degree Worth?” Bloomberg BusinessWeek magazine called Colorado School of Mines the “biggest bargain” when examining Payscale.com data regarding the return on investment (ROI) that graduates of U.S. universities realized over the past 30 years of income.
The BusinessWeek feature profiles universities with “below average costs and above average return on investment.” According to Payscale.com’s methodology, the company calculated the current 30-year median pay for a 2009 bachelor's degree graduate from a specific school by summing up the median pay for graduates of that school between 1980 and 2009.
Mines ranks third for in-state students and fifth for out-of-state students in Payscale.com’s “10 best public colleges worth your investment” category. Overall, Mines is the highest ranked university in Colorado at 27th out of 852 universities in the study with a 13.6 percent annual ROI.
Last year, Payscale.com ranked Mines No. 1 in the nation among public institutions for starting salaries of graduates with bachelors’s degrees, with a starting median salary of $60,000.