More well-known colleges topped the list, too. Within 10 years of obtaining a bachelor’s degree, graduates of top tech schools like California Institute of Technology (CalTech), Massachusetts Institute of Technology (MIT), and Stanford University will have earned over $500,000 thanks to their degree—with millions more earned with each decade.
Within a decade of graduating with a bachelor’s degree, these are the top universities with the highest ROI:
After 40 years, the potential to be a multimillionaire as a graduate of certain universities is high, with the best ROIs being at:
The analysis took post-college earnings data and tuition costs from the U.S. Department of Education’s College Scorecard, and despite debt not being included in the calculations, the report authors said the ROI numbers in reality are likely to be much higher.
At some schools, like the Manhattan School of Music, the Pennsylvania Academy of the Fine Arts, and Hussian College-Los Angeles, it can take upwards of 15 years to have a positive ROI from a college degree, according to the Georgetown data.
Beginning this upcoming academic year at MIT, students whose family income is less than $200,000 will be able to attend the institution tuition-free. But with just over 1,000 undergraduates admitted each year—and a 4.5% acceptance rate—in reality, not many students get to experience this cost efficiency.
But still, countless CEOs are claiming that talented young people may not even need a degree to land the job of their dreams these days.
“I’m not sure that college is preparing people for the jobs that they need to have today. I think that there’s a big issue on that, and all the student debt issues are…really big,” Zuckerberg said.
The billionaire added that moving forward, he expects less people to need to go to college if they are able to obtain their skills elsewhere.
“That has helped people realize it’s not that important,” Bush added. “It hasn’t been somebody woke up and realized, hey, maybe there’s a lot of talent that doesn’t have degrees.”
