Posted August 12, 2011 Atlanta, GA
Georgia Tech Media Relations
The value of a degree from the Georgia Institute of Technology has been reaffirmed in a big way. Georgia Tech is number one on SmartMoney Magazine's list of the best 50 colleges based on return of tuition investment.
The magazine collected median pay figures from two pools of alumni, recent grads and those alums 15 years out from obtaining their degrees. This was compared with the actual cost of tuition. From this information, SmartMoney created a "Payback Score," reflecting an actual return on tuition investment.
“A Georgia Tech education is the investment of a lifetime for our graduates,” said Georgia Tech President G. P. “Bud” Peterson. “As innovators and leaders in business, industry and government, Tech alumni are developing solutions to some of society’s most pressing challenges, which benefit our state and our nation.”
According to the survey, Georgia Tech graduates paid $87,810 in tuition,
receiving a median salary of $57,300. Based on this data, the payback score was
determined to be 221. This score compared with the University of Texas, Austin,
which placed second with a payback score of 194.
For the complete list, please visit the SmartMoney website
The Georgia Institute of Technology is one of the world's premier research universities. Ranked seventh among U.S. News & World Report's top public universities and the eighth best engineering and information technology university in the world by Shanghai Jiao Tong University's Academic Ranking of World Universities, Georgia Tech’s more than 20,000 students are enrolled in its Colleges of Architecture, Computing, Engineering, Liberal Arts, Management and Sciences. Tech is among the nation's top producers of women and minority engineers. The Institute offers research opportunities to both undergraduate and graduate students and is home to more than 100 interdisciplinary units plus the Georgia Tech Research Institute.