Feb. 11, 2016
BLOOMINGTON, Ill. — Three recent college rankings, focused on return on investment and the earnings of graduates, place Illinois Wesleyan among the nation’s top schools.
The Economist — a leading global news organization focused on financial matters — in its first-ever college ranking, named Illinois Wesleyan graduates as top earners nationally and in Illinois, with $54,600 median earnings compared to the average college graduate’s $42,751.
These figures are based on an analysis of a broad range of data in the recently available U.S. Department of Education’s College Scorecard. Using this data, The Economist ranked Illinois Wesleyan graduates as the top earners of any Illinois institution and in the top six percent nationally, among 1,275 four-year colleges and universities.
PayScale.com’s 2015-16 College Salary Report, which drew salary data from 1.4 million college graduates, ranked mid-career earnings of Illinois Wesleyan graduates 43rd among 1,063 bachelor’s degree granting colleges and universities for which data was available.
In addition, PayScale ranked Illinois Wesleyan business majors No. 3 in mid-career earning power, just behind the University of California-Berkeley and Georgetown University.
It should be noted that PayScale salary data is self-reported and does not include measures of institutional quality, unlike the U. S. Department of Education’s College Scorecard data.
Illinois Wesleyan also recently was named to Princeton Review’s list of Colleges That Pay You Back: The 200 Schools That Give You the Best Bang for Your Tuition Buck. The ratings weighted 40 data points that covered everything from academics, cost, and financial aid to graduation rates, student debt, and alumni salaries and job satisfaction. The Princeton Review chose the schools on this new listing based on return on investment (ROI) ratings it tallied for 650 schools last year.