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Rose-Hulman Listed Among ‘Colleges That Pay You Back,’ Ranked No.5 for Career Placement by The Princeton Review
February 5, 2015
Future Focused: Career placement was one of the key factors that the Princeton Review used in the Return-on-Education rating to determine those colleges providing worthy investments. (Photo by Dale Long)
Rose-Hulman has been designated a best overall bargain based on cost, financial aid, and career placement among America’s most academically outstanding colleges, designated in The Princeton Review’s new book and online resource, Colleges That Pay You Back.
The Princeton Review developed a Return-on-Education rating that measured academic quality, cost, financial aid, graduation rates, alumni salaries, and alumni job satisfaction.
Rose-Hulman was ranked in the following categories:
- No. 5 for Best Career Placement
- No. 8 for Colleges That Pay You Back, even if a student is not eligible for need-based financial aid
- No. 20 among the Top 50 overall Colleges That Pay You Back
Colleges joining Rose-Hulman in the Top 50 list were Massachusetts Institute of Technology, Stanford University, Princeton University, California Institute of Technology, Harvard College, Yale University, Vanderbilt University, Cornell University, Duke University, and Georgia Institute of Technology.
A profile in the book states Rose-Hulman is “one of the top undergraduate engineering schools in the country,” and seeks to “create a ‘collaborative’ environment that sends its graduates into the real world with the tools needed to secure employment.”
In regard to career placement, The Princeton Review’s 2013-14 campus report included student remarks that Rose-Hulman has “a job placement rate and average starting salary that are amazing,” and “the opportunities for gaining experience in your field of study are endless.”
More than 400 companies participated in Rose-Hulman’s three career fairs during the 2013-14 school year, 123 companies conducted on-campus job interviews, and 675 companies posted jobs and requested resumes. Ninety-one percent of Rose-Hulman’s 2014 graduates were placed by commencement, with an average accepted salary of $67,417.
This year, nearly 60 percent of the 2014 graduating class already has accepted offers to begin full-time employment following commencement, noted Kevin Hewerdine, director of career services and employer relations. Hewerdine expects the placement rate to be at the historic rate of 92 percent by commencement this year.
Surveys from Payscale.com factored into The Princeton Review's rankings. Eighty percent of Rose-Hulman graduates who took the survey reported high satisfaction with their jobs, and 82 percent of alumni recommended the college to others.
Institutions on the Colleges That Pay You Back list “deliver outstanding academics while working to be affordable to students with need—offering generous financial aid or charging a relatively low cost of attendance (or both),” says Robert Franek, The Princeton Review’s senior vice president/publisher and lead author of the new book.