BuzzFeed.com has ranked New Jersey Institute of Technology (NJIT) as the #1 value among colleges and universities nationally, seven spots ahead of Princeton University and 10 above MIT, as well as many other highly regarded institutions. The BuzzFeed ranking calculates college and university value by comparing annual tuition cost and the average starting salary of graduates.NJIT earned the top spot among all U.S. colleges and universities because the average starting salary of its graduates nearly doubles the annual tuition fee charged to out-of-state students. Using NJIT’s tuition rate for New Jersey residents increases the university’s value proposition, making alumni average starting salaries nearly four times greater than NJIT’s annual tuition cost.
NJIT President Joel S. Bloom noted, “This rating is based upon quantifiable data, not perceptions, reputations, or opinions, so it is particularly important. The numbers clearly demonstrate that NJIT is preparing its graduates for tremendous professional success and that the university is doing so at a reasonable cost. While there is a great deal of concern publicly about the cost of higher education, it is important to keep in mind that NJIT and some other institutions offer a tremendous value proposition.”
Joining NJIT among BuzzFeed’s top-10 values were Georgia Tech (#2), Michigan Tech (#3), University of California at Berkeley (#4), Virginia Tech (#5), Cal Tech (#6), Purdue (#7), Princeton (#8), Texas A&M (#9), and Worcester Polytechnic Institute (#10). Other universities of note that made the BuzzFeed value list include Stanford (#15), Notre Dame (#29), and Harvard (#42). The complete list can be found at http://www.buzzfeed.com/littlelittleeske/buzzfeeds-best-value-colleges.
NJIT has repeatedly demonstrated its expertise in preparing students in the fields of science, technology, engineering, mathematics, architecture and design, among other disciplines. President Bloom explained that maintaining affordability while producing graduates who fill a vital state and regional need is the university’s primary goal. “In a world of intense competition for jobs with other states in our region as well as other countries, economic growth depends on innovation through the STEM disciplines. In New Jersey alone, the demand for employees with these science and technological skills is projected to reach 269,000 by 2018, and recent studies have discovered that each new high-tech job created in the U.S. yields an additional 5 jobs in the service sector. At NJIT, we are focused on providing students of all economic backgrounds with access to the highest caliber of a science and technological education.”
Other notable NJIT rankings include:
• PayScale.com rates NJIT 6th (top 1 percent) among 437 public universities and 27th (top 2 percent) among 1,511 public and private institutions in the U.S.
• AffordableCollegesOnline.org (ACO) released its “Million Dollar ROI” rankings for 2013, a list of public universities whose graduates out-earn non-degree holders by at least one million dollars during their careers. NJIT has been ranked sixth on the list of institutions that make up the top 1 percent of U.S. colleges as measured by return on investment (ROI).
• U.S. News rates NJIT among America’s top colleges and universities.
• Business Insider ranked NJIT third in its recent 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.
• Forbes has named NJIT one of America’s Top Colleges in 2013. The online guide notes that NJIT, established in 1881 offers 125 undergraduate and graduate degree programs and that the majority of science, technology, engineering and math (STEM) majors are undergraduate with almost 3,000 graduate students.
• According to the 2014 Princeton Review, NJIT is one of the country's best institutions for undergraduate education.
• The newest 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.