According to a recent article on BusinessInsider.com, an undergraduate business degree from Saint Mary’s is one of the best investments in higher education.
“With so much attention on the economic challenges of the past several years, many people have become skeptical of the value of earning a business degree,” Dean Zhan Li said. “Data like this are a testament to the School’s effort to continue to provide a degree that is valued by both graduates and employers.”
Based on PayScale.com data, the Business Insider article, titled “10 Undergraduate Business Degrees that Are Worth the Money,” listed Saint Mary's College seventh, ahead of institutions like New York University and Santa Clara University, and just behind the University of California—Berkeley and the University of Virginia. The return on investment for a Saint Mary's undergraduate business degree was $702,400.
“In a lot of ways, these rankings tell us what we already know,” said Provost and Vice President for Academic Affairs Beth Dobkin. “Saint Mary’s has always been respected for providing students with a high quality education that prepares them to thrive after leaving campus.”
The PayScale.com survey data examined salaries for employees who got their bachelor's degrees in business.
PayScale then compared that figure against the net cost of each school—a number that took factors like graduation rates, financial aid, campus cost, tuition, room and board, and books into account. The net return on investment in the survey was defined as “the total earnings, minus the cost of the degree, minus the average earnings over the person with only a high school education.”
The PayScale ranking is another feather in the cap of the College, which was honored in 2012 in Loren Pope’s book titled Colleges that Change Lives: 40 Schools That Will Change the Way You Think About Colleges.