Using newly released federal workforce data, Georgetown University researchers tried to answer the age old question-Is College really worth it?
The answer, based on data provided from the Center on Education and the Workforce at Georgetown University, is a resounding YES! Especially for graduates of San Diego Miramar College.
The study, A First Try at ROI: Ranking 4,500 colleges, ranks San Diego Miramar College in the top 450 of the nation’s more than 4,500 colleges and universities for return on investment (ROI). Miramar College ranked 431 nationally in its 10-year NPV (Net Present Value) with an average of $171,000. The net present value is how much a sum of money in the future is valued today. This metric includes costs, future earnings, and the length of time it would take to invest and earn a certain amount of money over a fixed horizon.
Filter by public community colleges and Miramar College ranks #1 in San Diego County and #11 in the state. Nationally among public community colleges, Miramar College ranks 72nd.
Using data from the expanded College Scorecard, this report ranks 4,526 colleges and universities by return on investment. Findings conclude community colleges and many certificate programs have the highest returns in the short term and 10 years after enrollment.
In addition, Miramar College scored 475th over 15-years with $326,000 NPV; 645th over 20-years with $466,000 NPV; and $908,000 over a 40 year period—almost a $1 million ROI for graduates over their entire career.
“This study reaffirms our belief in the high quality education we are providing here at Miramar College and exemplifies our ability to prepare students for careers in high paying industries,” said Jesse Lopez, dean of the School of Business, Technical Careers and Workforce Initiatives. “We champion ourselves as the workforce development leader in San Diego.”
The study, A First Try at ROI: Ranking 4,500 Colleges, can be found here.
Miramar College’s workforce programs include: Administration of Justice; Automotive Technology; Aviation Maintenance Technology and Operations; Biotechnology; Business; Child Development; Computer Information Sciences and Computer Business Technology; Diesel Technology; Emergency Medical Services; Entrepreneurship; Financial Services; Fire Technology; Fitness Training; and Paralegal.