Worried about the high cost of a Georgetown education? Bloomberg Businessweek’s recent article about the value of college degrees may make you feel a bit better.
Businessweek, in collaboration with PayScale, collected information on the incomes of alumni from over 550 schools, and combined this with the cost of attendance to calculate return on investment (ROI) ratings for each school.
Georgetown just missed making the top twenty, coming in 21st by just $11,000 in 30-year net ROI rankings.
The Massachusetts Institute of Technology came in first with an impressive $1,688,000 30-year net ROI and 12.6% annual ROI. Georgetown had a 30-year ROI of $1,147,000 and an annual ROI of 11.2%. This difference may be due to Georgetown not having an engineering program, which is what helped to put MIT at the top.
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Although Vox is certain that some members of the class of 2010 will disagree with its assessment, Bloomberg Businessweek named Georgetown’s home city as second only to Houston in terms of entry-level job opportunities.
D.C. made some serious strides compared to the 2009 rankings, when the city was considered the 19th-best in the nation. Businessweek boasts that government jobs are recession-proof, but points to the city’s high cost of living and unemployment rates to explain why it fell short of the number one spot.
Surprisingly, Houston topped list despite an average starting salary $10,000 lower than the average in D.C.
So, the message is clear—stay in D.C. if you can. (Here’s looking at you, Class of 2011!)
Photo by Flickr user “nostri-imago” used under a Creative Commons license.
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