To clarify a little, the 30 year $ figures are the last 30 years average salary
added together.BTW, Bweek has BYU's grad rate at 79% and the U's at
51%.Another thing, a high or low acceptance rate is in no way a
straight rule of how good a college is. Cal schools have low acceptance rates.
Could that have to do not only with they are desirable schools, but also because
they are in the bottom 5 states for schools to per capita state residents? I
Bloomberg Businessweek has an interactive page showing 852 US schools. It ranks
then by what one can expect in total salary for 30 years. I like ranking them by
Return On Investment (ROI)-How much did you pay for your degree and what %/year
can you expect to get back. Using the straight money figure BYU is ranked 77,
the U is 281, USU 333. But if you rank them by anualized ROI then BYU is tied
with Univ of Virginia for #2 in the nation for anualized ROI at 14.1%/year with
Cal-Berkely (13.1%) & UCLA tied for 5th and Michigan at 6th, U of Florida
and UNC tied for 10th. MIT and Caltech are tied at at 14 and 15.So
yes, MIT is #1 in money at $1,868,000 in 30 years, but it costs $189,000 to
graduate for 12.6% annualized rate. BYU can expect $1,009,000 in 30 at a cost
of $58,540 for an annualized ROI of 14.1%. The U is not shabby at $851,000 in
30 years for a cost of $79,570 for an annualized ROI of 11%.Businessweeks's figures not mine.
@Paul Scholes, yes I do in two fields which require advanced degrees. Unless
there is someone near the top with the top employers that hire within these
fields, they don't even interview students with degrees from a Utah school.
UCLA and Berkley, however, are very different stories -- the top students
graduating with these degrees can pretty much have the pick of the litter. I
have personal experience with this, and no, I did not graduate with a
Utah-earned degree. And no, students who attend one of the top nationally
ranked schools do not necessarily stay local -- they know they can go anywhere
they want to after graduation.
From some of the posts here you would think they would pay almost anything for
tuition to some of these elitist snob schools. Does paying higher tuition
translate into a better education. I think not!!
Kami - do you have data to back up your assertion? I graduated from a
university in Utah and have had offers in four different countries as well as a
state that is not Utah. That would seem to contradict your premise. The
reality is that most students tend to stay local. That is true of Utah,
California, Texas and most other places in the country. Many graduates simply
choose to look for employment in the area in which they have the greatest
connections and level of comfort.
Kami hit the nail on the head. Other than BYU's MBA program, there really
aren't too many recruiters nationally beating down the doors of college
graduates from the state of Utah.
Better deals on tuition are worthless unless you plan to stay and work within
the State of Utah. @Bricha -- there is a reason it is difficult to
be accepted into one of the UC schools. Their national ranking is important to
them. If you want to attend a school that is "easy" to get into, go
for it, but don't expect many offers from employers outside of Utah.
"Utah boasts one of the lowest debt-to-degree ratios in the U.S. The
average Utah student accumulates about $15,000 in debt."Question for the author: are the students who do not receive a degree and
leave school with debt included in this statistic?
Correction:U of Utah has a graduation rate of 23%Note: the
graduation rate is measured within 4 yrs. It does not measure the number who
took longer than 4 yrs.
Re:ERinEURNeither U of Utah nor BYU come close to UCLA in ranking.
According to US News and World Reports, ranking of public and private
universities, U of Utah is #124 (31% graduation rate, 83% of applicants
accepted) BYU is #71 (31% graduation rate, 64% of applicants are accepted).UCLA is #25 (graduation rate 68%, 23% of applicants accepted)UC
Berkley #21 (graduation rate 69% 22% applicants accepted)UC Davis #38
(graduation rate 52%, 45% applicants accepted)UC San Diego #37 (graduation
rate 57%, 38% of applicants accepted) Not only does the University
of CA system graduate produce a large percentage of the college graduates, they
also have several schools in the top 10 of public institutions. In some
professions, the academic strength of the institution carries great weight.tuition and fees for these 3 schools range from $11,604 to $12,794)
Dale the price the student has to pay for his education in no way reflects how
concerned other states are in regards to their college students, if anything it
says that utah is more concerned than places like california that make it harder
for the average person to go to college.
ER in EUR - thanks for adding depth to the comparison. To extend your analysis,
I think it is worthwhile to even compare the 3rd and 4th tier institutions as
well as the community colleges. My guess is that the tuition at comparable
schools across the board makes Utah look pretty good. Another way to
look at this would be to consider value for education. I recall seeing a study
a few years back that had UVU graduates leading the state in salary upon
graduation. It may still be available on the USHE website. Of course, one
needs to carefully analyze such statistics to take into account majors offered,
socioeconomic status of the student, etc... Uncovering the economic value of
any institution's higher education offerings is pretty complex stuff.
Why do we always have to be compared to other states? Other states aren't Utah.
We should be better than other states! If we are better than the national
average, it means that roughly half the other states are more concerned about
their college students than we are.
I would like to know the national average after throwing out community colleges
and other 3rd/4th tier intitutions. I am not trying to be a stuffed shirt, I
just want to compare apples to apples. The expected salary from the U or USU is
higher than one you might expect if one were t graduate from a college or
JUCO/CC. So by throwing those out you would have a more accurate view of how
our State universities stack up against similar universities.Maybe
to bring it more into perspective, how does the U's tuition stack up against the
rest of the Pac 10.2? I did 4 of the pac 12 (CU, UCLA, UW & ASU) and the
average was $11,820. I may have left out some sundry fees. I added in USC and
the average rose to $13,700. So how does the U stack up against its peers?
Instead of $6200 vs. $8200 (nat avg), it is $6200 vs. $11,820 (avg peer). I
don't even want to start talking about east coast schools. So the
reality of apples to apples, peer to peer costs are even better when the data is
shook out. IMHO