Attending college has become terribly expensive for most of us (and out children). If you're like me, you may wonder if the expense is worth it in terms of the impact on lifetime earnings. A recent report took a look at this and measured the colleges in the United States based on expected earnings for 20 years after graduation. The report compared this with the total costs for each school and came up with a return on investment (ROI) ratio for each. You can see the ten colleges with the highest ROIs here: 2014 PayScale College ROI Report.
Right off the bat, you'll notice that the top ten colleges focus on science and technology. It's just a fact that jobs falling into that category pay most on average. In terms of highest expected earnings, Harvey Mudd College leads the pack. But the school in the list with the highest ROI is Georgia Tech! Based on in-state tuition, total costs at Georgia Tech were lower than all the others. So, even though total expected earnings were not as great, lower cost for Georgia Tech resulted in the highest ROI.
So, if lifetime income is important to you, consider a career in science and technology. And, if you live in Georgia, give Georgia Tech a long, hard look.