Louisiana Tech ranked among the Top 25 in the nation for best ROI
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Louisiana Tech University has been ranked No. 21 in the nation for providing its graduates with the best returns on their investments (ROI) in their college educations, according to a new report released by AdvisorOne – an online financial news site that supports Investment Advisor and Research magazines.
Louisiana Tech was the only university in the state to earn a spot in the Top 25, which included universities such as Texas A&M, Brigham Young, Virginia Tech, and Georgia Tech. According to the rankings, Louisiana Tech’s annualized ROI came in at 8.9 percent with a 30-year net ROI of $804,100.
“Despite the economic challenges we’ve faced over the past several years, Louisiana Tech has continued to focus on providing our students with a superior education and an outstanding value,” said Louisiana Tech University President Dan Reneau. “Good students want to earn a diploma that is highly respected, has prestige and will grow in value throughout their careers. The national recognition we continue to receive is a credit to our faculty and staff, who are consistently meeting and exceeding student expectations.”
Using data collected by PayScale.com, AdvisorOne compared 1,511 public and private universities in the United States and based the rankings on annualized ROI, which PayScale.com defines as “the earnings differential divided by the weighted cost for a 2012 graduate, annualized to represent the percent of expected ROI received each year after graduation.” According to their website, for most schools, the confidence PayScale.com has in its calculations is 90 percent, with an error rate of plus or minus 5 percent.
In its 2012-2013 College Salary Report, PayScale.com ranked Louisiana Tech No. 1 among Louisiana’s public and private universities in starting salaries for recent graduates. Tech also ranked No. 15 in the Central South region for starting salaries for recent graduates. The Central South region includes public and private institutions from Louisiana, Texas, Oklahoma, Arkansas, Mississippi, Alabama, Tennessee, and Kentucky.
For the AdvisorOne rankings, PayScale.com included employees who possessed a bachelor’s degree, but had no higher degrees. Persons in occupations that require advanced degrees, such as law or medicine, were also not included. PayScale.com also only included graduates who are employed full-time and are paid with either an hourly wage or an annual salary. Self-Employed, project-based, and contract employees were not included.
Within the past year, Louisiana Tech has also been recognized nationally with a Tier One National Universities ranking in U.S. News & World Report’s 2013 Best Colleges Guide and a ranking in the nation’s Top 25 for affordability, for both in-state and out-of-state students, by Newsweek and The Daily Beast.