That's 386 out of 1,275.
The good news is MU ranks 60th in terms of median earnings for graduates 10 years out of school.
"The Economist's first-ever college rankings are based on a simple, if debatable, premise: the economic value of a university is equal to the gap between how much money its graduates earn, and how much they might have made had they studied elsewhere. Thanks to the scorecard, the first number is easily accessible. The second, however, can only be estimated. To calculate this figure, we ran the scorecard's earnings data through a multiple regression analysis, a common method of measuring the relationships between variables."
http://www.economist.com/blogs/graphicdetail/2015/10/value-university
This is the most relevant undergrad ranking system yet... By far. Absolutely love it.
Marquette's Puts and Takes
$42,751 median graduate income for an average college
$6,718 impact of SAT scores
$2,394 religion
$-1,736 racial diversity
$3,961 all other factors
$1,511 Overperformance
$55,600 actual median income
Is Scoop driving the all others bucket? I am pretty sure our community's world views are contributing greatly to alumni incomes ten years out.
So in other words, it's a value added. So the norm for a person that has these inputs and attains this degree, is $$$ per year. But instead they make $$$ + or - some number.
But then I see that Cal Tech is #1260 and a lot of other undoubtedly good school in the bottom 10%, and it makes we wonder about the metric.
Quote from: The Sultan of Sunshine on November 05, 2015, 08:41:48 AM
But then I see that Cal Tech is #1260 and a lot of other undoubtedly good school in the bottom 10%, and it makes we wonder about the metric.
It seems to me as if this demonstrates that a lot can happen between the time kids get a really good SAT score in high school and graduate with a college degree. There's more to a person than their SAT score, and it's possible that a school like Cal Tech isn't able to filter through and find the traits in people that will actually make them marketable in the workplace.
Quote from: The Sultan of Sunshine on November 05, 2015, 08:41:48 AM
But then I see that Cal Tech is #1260 and a lot of other undoubtedly good school in the bottom 10%, and it makes we wonder about the metric.
Cal Tech is great if you want to be an engineer who starts out making $80k/year and maxes out around $90k/year.
It's not an academic metric. It's an economics metric.
The point is to measure the value added from the school. For example, how much of Yale being a "good school" is about Yale itself, and how much does it have to do with them admitting already talented people? This method would suggest little.
If ABC U had an acceptance rate of 80% and was able to outperform Harvard in terms of graduates' success, ABC U would be an insanely better school, because it had less talented students admitted, on average.
Quote from: Benny B on November 05, 2015, 09:13:06 AM
Cal Tech is great if you want to be an engineer who starts out making $80k/year and maxes out around $90k/year.
It's not an academic metric. It's an economics metric.
And in the context of this ranking system, if you were admitted to Cal Tech, you should probably choose a comparable option (Harvard or MIT for example)
1275 schools ranked
Ohio state is 1265 (see the last page)
Yale is 1270
Rice is 1271
Cal tech 1260 (second to last page)
You get the point ... Not worth any more effort.
Quote from: Heisenberg on November 05, 2015, 06:14:09 PM
1275 schools ranked
Ohio state is 1265 (see the last page)
Yale is 1270
Rice is 1271
Cal tech 1260 (second to last page)
You get the point ... Not worth any more effort.
So when you devalue daddy's trust fund by a few billion, that doesn't count? H vs. W? I prefer Colin Powell success stories. Or dropouts like Gates, Jobs and Dell
Quote from: Grayson Allen on November 05, 2015, 09:32:39 AM
The point is to measure the value added from the school. For example, how much of Harvard being a "good school" is about Yale itself,
I know it is simply thinking and typing too fast, but this is still funny.
Quote from: Heisenberg on November 05, 2015, 06:14:09 PM
1275 schools ranked
Ohio state is 1265 (see the last page)
Yale is 1270
Rice is 1271
Cal tech 1260 (second to last page)
You get the point ... Not worth any more effort.
What do you mean? OSU is on the last page. That seems pretty darn accurate to me by any measure.
Quote from: tower912 on November 05, 2015, 07:40:18 PM
I know it is simply thinking and typing too fast, but this is still funny.
haha exactly.... poor word replacement thoroughness.... corrected