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  1. #1
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    What's Your College Degree Worth?


    I cheer for two teams, Iowa State and whoever is playing the hawkeyes.

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    Re: What's Your College Degree Worth?

    I never really saw the point in charts like this. They like to go by the average salary of graduates, which is always greatly skewed due to select individuals making a ton more than the rest. I would be more interested to see what the average person made that graduated from each school.



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    Re: What's Your College Degree Worth?

    Iowa State is very good on annualized net ROI at 11.6% (Top 60 in that category) I didn't realize our graduation rate was only 67% though.



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    Re: What's Your College Degree Worth?

    Quote Originally Posted by cyclonenum1 View Post
    I never would have guess graduation rates were that poor at so many schools.


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    Re: What's Your College Degree Worth?

    Wow, ISU has a higher rate of return than Iowa (11.6% vs 10.9%)? I figured that all of the Law and Medical students would sway that their way.



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    Re: What's Your College Degree Worth?

    Quote Originally Posted by Clonehomer View Post
    Wow, ISU has a higher rate of return than Iowa (11.6% vs 10.9%)? I figured that all of the Law and Medical students would sway that their way.
    % out-of-state students would possibly explain this.




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    Re: What's Your College Degree Worth?

    Quote Originally Posted by azn4cy View Post
    Iowa State is very good on annualized net ROI at 11.6% (Top 60 in that category) I didn't realize our graduation rate was only 67% though.
    During our freshman orientation for engineering they told us that only 1/3 of the students that start would graduate as engineers.



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    Re: What's Your College Degree Worth?

    Quote Originally Posted by isuaggie View Post
    % out-of-state students would possibly explain this.
    That was for in-state only. They have separate numbers for out of state.



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    Re: What's Your College Degree Worth?

    Quote Originally Posted by Clonehomer View Post
    During our freshman orientation for engineering they told us that only 1/3 of the students that start would graduate as engineers.
    That's probably a bad example though. A lot of freshman that start as engineer that don't graduate just change majors to a different major and graduate anyway.

    I'd say the bigger reason is probably the kids that come to ISU and have no business being in college or can't adapt to the college life and drop/fail out.


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    Re: What's Your College Degree Worth?

    The graduation rate doesn't surprise me. I remember hanging out with people my first semester at ISU that never made it to the 2nd semester. Either they failed out, dropped out, family issues etc. etc...



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    Re: What's Your College Degree Worth?

    Quote Originally Posted by Clonehomer View Post
    That was for in-state only. They have separate numbers for out of state.
    I'm too lazy anyone willing to do the big12 and big10 so we can compare?



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    Re: What's Your College Degree Worth?

    its hard to believe that ISU has one of the lowest costs to graduate at about 82000 bucks, but we have one of the highest student debts after we graduate at about 31000 or 32000



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    Re: What's Your College Degree Worth?

    Quote Originally Posted by hawkeyeh8r View Post
    its hard to believe that ISU has one of the lowest costs to graduate at about 82000 bucks, but we have one of the highest student debts after we graduate at about 31000 or 32000
    Until you look at median or average household income compared to other college states.



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    Re: What's Your College Degree Worth?

    Clonehomer, the study only took into account those finishing with their bachelor's degrees and not receiving advanced degrees so it will more than likely cut off a significant portion of the top earning individuals (doctors, vets, lawyers, professors, etc.)

    I think by not accounting for this group, or at least not having a second statistic that accounts for advanced degree holders, the numbers will be skewed towards colleges that churn out engineers and financiers/brokers since they don't have to get an advanced degree to have high salaries.

    It would be interesting if they included people receiving their graduate/professional degree as well.



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    Re: What's Your College Degree Worth?

    This link really helped explain the R.O.I numbers.

    What's Your College Degree Worth?: Top Schools by State - BusinessWeek

    ISU's lower graduation rates hurts relative to some of the other schools who graduate more.

    Interesting stuff. Over a 30 year period, you'll earn in the neighborhood of $1,000,000 more than the average High School graduate.

    I can see that in my family. I have a cousin who got a two year degree from Kirkwood, while I went on got a 4 year degree. Granted I've been more open to moving than him, but I probably pull in double to triple what he's making and we're both working in the same field.


    Last edited by Bobber; 07-05-2010 at 03:11 PM.

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