PayScale.com ranks Louisiana Tech No. 1 in state in ROI, starting salaries for graduates
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PayScale.com released its 2013-2014 College Salary Report and has ranked Louisiana Tech University No. 1 among Louisiana’s public and private universities in average starting salaries for recent graduates, and No. 1 in the state for overall return on investment (ROI.)
According to the report, Louisiana Tech graduates with a bachelor’s degree, but no higher degree, and with two years of work experience earn an average of $49,400 per year, which is a $3,500 increase over last year. LSU was second in the state with $47,300 and Tulane University was third with $43,100. This is the second consecutive year that Louisiana Tech has led the state in average starting salaries for graduates.
In addition to Louisiana Tech No. 1 state ranking for highest ROI, it also ranks No. 9 in the Central South region which includes public and private institutions in Louisiana, Texas, Oklahoma, Arkansas, Mississippi, Alabama, Tennessee, and Kentucky. Nationally, Louisiana Tech ranks No. 49 in ROI among public universities (in-state) and No. 184, out of 1,511 institutions surveyed, in overall college ROI.
“Louisiana Tech has long placed an emphasis on providing its students and graduates with an outstanding value and return on their investment as well as an outstanding education,” said Louisiana Tech President Les Guice. “As we continue to be recognized nationally for excellence in these critical areas, I would like to commend our faculty and staff for their commitment to student success and their tireless efforts in producing graduates who will lead the next phases of economic growth and innovation in our region.”
PayScale.com ranked the best institutions in the nation in ROI for engineering majors as well where Louisiana Tech earned a spot in the Top 20, coming in at No. 18. Among the best research institutions in the nation for salary potential, Louisiana Tech ranks No. 111. In median mid-career salaries for graduates, which are those with at least ten years of experience in their field and who hold a bachelor’s degree and no higher degrees, Louisiana Tech ranks second in the state among public universities at $83,000, and No. 17 in the Central South region.
According to PayScale.com, the College Salary Report includes 1,016 schools this year, which is representative of institutions that enroll over 75 percent of the estimated undergraduates in bachelor’s degree programs in the U.S. The report, which analyzes the company’s database of more than 40 million unique compensation profiles, provides a critical perspective on the relationship between college selection and post-graduation salaries.
“We’re excited to see PayScale’s data being used to ensure students have all the information before they choose how to invest their tuition dollars,” said Lydia Frank, PayScale’s consumer marketing director. “Salary potential after graduation isn’t the whole equation, but it’s an incredibly important part, and we think there are more ways this data can be utilized.”
The PayScale.com College Salary Report comes on the heels of Louisiana Tech’s Tier One National Universities ranking in U.S. News & World Report’s 2014 Best Colleges Guide and numerous rankings this summer for superior ROI and value from outlets such as Affordable Colleges Online, Business Insider, and AdvisorOne.