BROOKINGS INSTITUTION RANKS BABSON AMONG TOP 10 FOR VALUE-ADDED EDUCATION
The new Brookings Institution’s Metropolitan Policy Program report,Beyond College Rankings: A Value-Added Approach to Assessing Two-and-Four-Year Schools, ranks Babson College No. 10 among all U.S. four-year colleges with the highest value-added scores with respect to medium-term earnings for students.
The Brookings report provides new insights into “how well colleges prepare students for high-paying careers,” by analyzing the U.S. Department of Education’s College Scorecard database to produce value-added rankings for 3,173 colleges based on the earnings of alumni.
Babson scored 99 out of 100 for value-added measured six years after graduation, among student cohorts enrolled during the 2005-2006 academic years.
Babson also scored 98 out of 100 in math test scores, and 90 out of 100 for its curriculum value.
Brookings cites five college quality factors that are key to how well students perform economically in the years after college:
- Curriculum value,
- Alumni skills,
- STEM orientation,
- Completion rates, and
- Student aid.
The value-added calculation compares expected alumni outcomes to actual outcomes, rewarding colleges that do the most for the least advantaged students.
According to Brookings, one of the oldest and most respected American think tanks, the theory underlying the analysis is that “the future earnings of alumni are affected by student characteristics−such as their academic preparation, age, racial or ethnic background, and family income.”
The report maintains that value-added measures help fill an information void and can be used to inform strategies to improve college quality, and help identify schools that are contributing the most to student economic advancement.
The College Scorecard is an online planning tool that helps students and their families choose among a number of options including location, size, campus setting, and degree and major programs.
Additional Babson Rankings in 2015
- The Wall Street Journal in its database analysis of the U.S. Department of Education’s College Scorecard ranked Babson No. 7 with an average SAT score of 1250 and a median pay of $85,500 − 10 years after enrollment.
- The Princeton Review and Entrepreneur magazine recognized Babson for having the No. 1 undergraduate school and the No. 2 graduate school for Entrepreneurship Education nationwide.
- U.S. News & World Report recognized Babson as the top undergraduate school for Entrepreneurship for the 19thconsecutive time and the top graduate school for Entrepreneurship for the 22nd consecutive year.
- MONEY magazine has named Babson the No. 2 college in America in its new Best Colleges ranking of roughly 1,500 four-year colleges and universities.
- The Economist most recently named Babson the No. 2 college in the United States. In its first undergraduate college ranking, The Economist demonstrates the economic value of a college by comparing the gap between how much money its alumni earn, and how much they might have earned had they studied elsewhere.
About The Brookings Institution’s Metropolitan Policy Program
The Metropolitan Policy Program at Brookings provides decision-makers with cutting-edge research and policy ideas for improving the health and prosperity of metropolitan areas.
About Babson College
Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds® . The top-ranked college for entrepreneurship education, Babson is a dynamic living and learning laboratory where students, faculty, and staff work together to address the real-world problems of business and society. We prepare the entrepreneurial leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to make a difference in the world, and have an impact on organizations of all sizes and types. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought and Action® as the most positive force on the planet for generating sustainable economic and social value.