Bloomberg Businessweek released its second annual ranking of U.S. colleges by return on investment on April 7. Following salary analyst company PayScale’s methodology, Businessweek’s rankings analyze how well schools prepare graduates for high-paying careers.
Princeton was ranked fourth, up from seventh last year, and came in behind No. 1 California Institute of Technology, No. 2 Harvey Mudd and No. 3 Massachusetts Institute of Technology. All eight Ivy League schools ranked in the top 30, and elite private universities accounted for 26 out of the top 30 schools.
With a sticker price of $198,700 and a graduation rate of 97 percent, Princeton earned a $1,623,000 30-year net ROI for all entering students and a $1,673,000 net return for graduates. Its annualized net ROI was 15.9 percent.
ROI was determined based on factors including tuition costs, graduation rates and graduation salaries. The average 30-year ROI for all schools surveyed was around $387,501, or 1.5 percent less than last year.