MU education worth the money

[PBRme]

http://www.payscale.com/college-education-value-2012

MU makes it as one of the 150 schools (out of 3500) that have a positive payback at number 123 behind Vilanova, Georgetown and Providence.

UW-Madison squeaks in at 150

[warriorchick]

Already posted in another thread.   

[g0lden3agle]

Could you help me understand what stat indicates that only 150 of these schools listed have a positive payback?  Thanks!

[GGGG]

Almost 900 schools have a positive 30 year ROI.

For those that don't, they look like a lot of high priced liberal arts colleges and a lot of "lower-level" public universities. 

[MU Fan in Connecticut]

they look like a lot of high priced liberal arts colleges 

NPR this morning had a report on the college recruiting and costs.  They interviewed an author on a book about changes in the "college industry".  He said the biggest problem for small Liberal Arts Colleges is geography demographics.  They are for the most part located in the Midwest or Northeast but that the current college age population is rising fastest in the South & West so they have to reach much farther outside their traditional recruiting area and it's not an easy adjustment.

[martyconlonontherun]

I think it has more with quality of student versus school. I'm sure ROI for accounting students at UWM+ UWW is higher than MU. Those schools are weighed down by students looking for something to do after HS and attend the local school for 3 years without getting a degree.

Marquette does a good job of getting you in and out in 4 years with a degree.

[Chicos' Buzz Scandal Countdown]

I think it has more with quality of student versus school. I'm sure ROI for accounting students at UWM+ UWW is higher than MU. Those schools are weighed down by students looking for something to do after HS and attend the local school for 3 years without getting a degree.

Marquette does a good job of getting you in and out in 4 years with a degree.

UW accountants > MU accountants? Care to back that up with anything at all?

[Chicos' Buzz Scandal Countdown]

http://www.payscale.com/college-education-value-2012

MU makes it as one of the 150 schools (out of 3500) that have a positive payback at number 123 behind Vilanova, Georgetown and Providence.

UW-Madison squeaks in at 150

How do I tell which 15 have positive payback? Looks like there are quite a bit more, or am I looking at this table wrong?

[Hards Alumni]

UW accountants > MU accountants? Care to back that up with anything at all?

That isn't what he said.  He said the ROI is probably higher at the UW schools.  I think the implication he was making is that the UW schools are far cheaper than MU, and therefore they will have a better ROI.

[PBRme]

Could you help me understand what stat indicates that only 150 of these schools listed have a positive payback?  Thanks!

http://www.cnbc.com/id/100719811


It was the title of the article from CNBC referencing the chart from payscale.

[GGGG]

That isn't what he said.  He said the ROI is probably higher at the UW schools.  I think the implication he was making is that the UW schools are far cheaper than MU, and therefore they will have a better ROI.

My guess is that the top students at Milwaukee, Madison and Whitewater match many of the top students at MU in accounting.

I think the question is one more of depth.

[GGGG]

NPR this morning had a report on the college recruiting and costs.  They interviewed an author on a book about changes in the "college industry".  He said the biggest problem for small Liberal Arts Colleges is geography demographics.  They are for the most part located in the Midwest or Northeast but that the current college age population is rising fastest in the South & West so they have to reach much farther outside their traditional recruiting area and it's not an easy adjustment.

Yeah, this doesn't surprise me at all. 

[martyconlonontherun]

UW accountants > MU accountants? Care to back that up with anything at all?

I said money-wise on ROI. I think it is pretty fair that 10K a year at UWW is a much better deal than 40K a year at MU for programs that will get you the same job. The ROI is a lot better.

That said, I'm sure both me and you chose MU with other intangibles in mind.

[martyconlonontherun]

My guess is that the top students at Milwaukee, Madison and Whitewater match many of the top students at MU in accounting.

I think the question is one more of depth.

Yeah, if you go to MU for accounting you better get that CPA. UWM has a lot of people that had enough after intermediate and just finish up their degree.

[Chicos' Buzz Scandal Countdown]

I said money-wise on ROI. I think it is pretty fair that 10K a year at UWW is a much better deal than 40K a year at MU for programs that will get you the same job. The ROI is a lot better.

That said, I'm sure both me and you chose MU with other intangibles in mind.

got it

[mu_hilltopper]

I'm .. surprised MU fares as well, isn't that far behind UW.   

UW's tuition is half to a fourth as expensive as MU (depending on if aid is included.)   UW's students compare more than favorably, with higher ACTs than MU's .. UW has a 10x alumni network than MU's, which would help them in their careers, balancing out any perceived "eliteness" of an MU degree when a hiring decision is made.

MU's 4 year grad rate is 62% to UW's 50% .. are those extra 12% that meaningful in the ROI calc?

(MU's 6 year grad rate is 81% to UW's 83%)

.. Maybe the mix of majors offered favors one school over the other.  Does UW graduate a disproportionate amount (more) of lower-income majors than MU or vice versa?

[PBRme]

For those 12%

One more year of expenses and one less year of income.  Probably makes a big difference.

[mu_hilltopper]

Interesting chart ..

[muarmy81]

I'm .. surprised MU fares as well, isn't that far behind UW.   

MU's 4 year grad rate is 62% to UW's 50% .. are those extra 12% that meaningful in the ROI calc?

(MU's 6 year grad rate is 81% to UW's 83%)

.. Maybe the mix of majors offered favors one school over the other.  Does UW graduate a disproportionate amount (more) of lower-income majors than MU or vice versa?

...insert UW Football joke here.

[Sunbelt15]

This all depends on subject of study.

[muwarrior69]

This all depends on subject of study.

Agree... and the individual who earns their degree. I was paid equal or better than many Ivy League grads during my 40 year career in the pharmaceutical industry here in New Jersey.

[Eldon]

Updated rankings

http://www.payscale.com/college-education-value-2013

And salary info by school

http://www.payscale.com/college-salary-report-2013/full-list-of-schools

With the latter, I'm not sure if it somehow factors cost-of-living into salaries.

For those obsessed with comparing us to UW, the numbers are about equal--MU has slightly higher starting salary, UW has slightly higher mid-career salary.  I like how Payscale categorizes UW-Madison as a "party school" though, lol, nice.