November 11, 2015
Communications and Marketing
Saint Anselm College ranks 171st out of 1,275 colleges and universities around the country for economic value based on The Economist's first-ever college rankings, indicating that Saint Anselm graduates are exceeding expected earnings in the workforce.
Using data from the federal scorecard released in September by the Department of Education and supplemented with additional sources, The Economist determined how a graduate's expected earnings would compare if they had attended another institution. Factors such as SAT scores, gender ratios, college size, religious affiliation, the subjects students choose to study, and others determined expected earnings compared to actual median earnings.
According to The Economist's model, 10 years out of college, the median earnings for Saint Anselm graduates is $55,300 – nearly $4,000 more than the predicted earnings of $51,644.
This is consistent with other rankings such as Payscale's Return on Investment (ROI) rankings, which landed Saint Anselm at 18th among liberal arts colleges in the nation. An online salary, benefits and compensation information company, Payscale ranked more than 900 colleges and universities based on total cost and alumni earnings. Saint Anselm moved up two spots this year compared to last year's ranking in 20th place.
"Investing in a college education is a substantial commitment. These findings reiterate the value of our programs– Saint Anselm students graduate with a breadth of experience, which both provides career preparation, and encourages them to find their true passion and go on to excel in jobs that they love," says Dr. Steven DiSalvo, president of the college.
The Economist points out that earnings are not the only goal of a college but that they hope their rankings offer students some additional salary information to consider.
"Rankings like these, which attempt to quantify the value of an education, can be helpful in the college search process. However they should be considered in addition to other import factors like overall fit," says Dean of Admission Eric Nichols. "No one ranking can provide you with all of the answers. You should visit the schools you are interested in to gauge overall academic and personal fit."