Bucknell 5th best in value in SmartMoney rankings
Posted: December 12, 2008
LEWISBURG, Pa. – SmartMoney magazine ranks Bucknell University as the fifth best long-term value among liberal arts colleges and universities in its January issue due to hit stands next week.
The magazine’s new ranking, featured in an article titled "Why the Ivies Aren’t Worth it,” ranks colleges and universities based on their “return on tuition,” or the cost of tuition compared with earnings potential after graduation.
“In a new twist on traditional college rankings, SmartMoney took a crack at quantifying the long-term value of a college education,” the magazine says. “Our goal was to spotlight the relationship between tuition costs and graduates’ earning power.”
With an alumni median salary of $54,100 three years after graduation and $110,000 after 15 years, Bucknell had an average “payback” or “actual ‘return’ on an educational investment” of 114 percent, according to SmartMoney.
The survey, which uses earnings potential data from salary research company PayScale, ranks Bucknell 31st among all colleges and universities, ahead of such schools as Columbia (34), Colgate (35) and Brown (36) universities.
In a report released in July, PayScale ranked Bucknell No. 1 among top liberal arts institutions for the earnings potential of its graduates. The salary report also ranked Bucknell 13th among all northeastern colleges and universities for salary potential.
Over the past year, a number of rankings have consistently named Bucknell one of the top institutions of higher education in the country.
Kiplinger’s Personal Finance magazine rated Bucknell as the 11th best value in private liberal arts colleges. And U.S. News and World Report again ranked Bucknell No. 30 among all liberal arts institutions.
Last year, Washington Monthly ranked Bucknell No. 7 among the best liberal arts colleges in the country when it comes to fostering research and promoting an ethic of service and social mobility. And the Peace Corps listed Bucknell at No. 6 on its top 25 list of small colleges and universities producing Peace Corps Volunteers.
Contact: Division of Communications
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