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Contact Information: Tanya Klein Public Relations 973-596-3433

Business Insider Ranks NJIT One of Nation's Most Underrated Colleges

Business Insider ranked NJIT number three yesterday in its newest listing of the 25 “most underrated colleges in America.”  The news site plotted the annual ranking by U.S. News and World Report of the best colleges and universities against PayScale's mid-career salary rank to identify outliers--institutions that outperform their U.S. News rating.

PayScale, which looks at mid-career salaries, has ranked NJIT among the nation's best in several notable lists, including return on investment (ROI).  NJIT is ranked 6th (top 1 percent) among 437 public universities and 27th (top 2 percent) among 1,511 public and private institutions in the U.S.

“Future income isn't the only factor that should determine college choice, but it may be the most important one,” according to Business Insider editors.  “So how good are the famous college rankings from U.S. News & World Report at predicting future income?  It turns out there are some majorly underrated and overrated schools.”

According to the 2013 Princeton Review, NJIT is one of the country's best institutions for undergraduate education.  The new Fiske Guide to Colleges, a selective, subjective, and systematic look at 300 of the best and most interesting colleges and universities in the U.S., Canada and Britain, features NJIT.  Diverse: Issues in Higher Education ranks NJIT tops for graduating minorities.  Notable rankings include third nationally for awarding master’s degrees in engineering technologies and engineering-related fields to Hispanic students.

In less than a decade, NJIT has moved from a solid, well-regarded local institution to a top-ranked public university distinguished by excellence in education and research and recognized in New Jersey as a leader in the region’s economic and intellectual development. Academics were enhanced this year with a new cadre of faculty -- more than 20 new professors with exceptional, multidisciplinary expertise in such areas as sustainable design, biomaterials and mechatronics.  More news includes:

• NJ Governor Chris Christie approved last month nearly $100 million in grants construction and infrastructure projects to enhance and expand NJIT’s role as the state’s science and technology  university and a leader in science, technology, engineering and mathematics (STEM) education and research. 

• Some $86.3 million will update the Central King Building, Newark’s former Central High School.  The money will transform the interior space of the 102-year-old, four-story structure into a 21st century state-of-the art hub for STEM education and research. 

• NJIT manages and operates Big Bear Solar Observatory, the world’s largest aperture solar telescope.

• The NJIT Enterprise Development Center, the state’s oldest and largest business incubator, supports 90 resident companies with 800 employees, including 300 NJIT students, $82 million in expenditures and $67 million in third-party funding.

• Opening this fall on campus will be the Warren Street Village, a complex adding 600 beds to NJIT's residential housing, along with a new restaurant, convenience store, fitness center and more.  The Village is the first of four projects of the larger Gateway Project, led by NJIT, to redevelop 20 acres along MLK Blvd, a thoroughfare next to the campus.

Business Insider is an on-line news site with a focus on finance and green technology. Launched in 2007, the site includes among its founders, former top-ranked Wall Street analyst Henry Blodget.

Launched in 2002 and headquartered in Seattle, PayScale owns the largest database of online employee salary data in the world.  PayScale possesses a unique and diversified team, with areas of expertise including compensation, business and statistics that brings an innovative and technical approach to online acquisition and analysis of job profiles and compensation.

One of the nation’s leading public technological universities, New Jersey Institute of Technology (NJIT) is a top-tier research university that prepares students to become leaders in the technology-dependent economy of the 21st century. NJIT’s multidisciplinary curriculum and computing-intensive approach to education provide technological proficiency, business acumen and leadership skills. With an enrollment of 11,400 graduate and undergraduate students, NJIT offers small-campus intimacy with the resources of a major public research university. NJIT is a global leader in such fields as solar research, nanotechnology, resilient design, tissue engineering and cybersecurity, in addition to others. NJIT ranks 5th among U.S. polytechnic universities in research expenditures, topping $121 million, and is among the top 1 percent of public colleges and universities in return on educational investment, according to PayScale.com. NJIT has a $1.74 billion annual economic impact on the State of New Jersey.