Binghamton University ranks high for return on investment
BINGHAMTON, NY -- A recent ranking by Investor's Business Daily (IBD) places Binghamton in a tie for ninth in the nation for return on investment - the earnings per dollar spent to get an education.
IBD looked at net pay 30 years after earning a bachelor’s degree, beyond what it cost for the degrees. According to the data, compiled by PayScale, the cost (as of 2010) to complete a degree at Binghamton totaled $73,700, and graduates average a $712,300 net income after 30 years, giving Binghamton grads a 12.5 percent return on investment (ROI).
“This is yet another indication of the value of a Binghamton University degree,” said President C. Peter Magrath. “We continue to shine in rankings that consider academic quality and overall value, but ranking underscores that Binghamton University educates its students to contribute and be productive members of society once they leave campus.”
Binghamton tied with the University of California-San Diego on the top ten list. Georgia Institute of Technology, with a 13.9 percent ROI, heads up the list. Other schools listed include the University of Virginia, Colorado School of Mines, Virginia Tech, University of California-Berkeley, University of Florida, College of William and Mary, Texas A & M, University of Illinois-Urbana-Champaign, Brigham Young University, University of Michigan and California Polytechnic State University.