WELLESLEY, Mass., April 15, 2016 /PRNewswire-USNewswire/ -- Babson College again has been named the No. 1 business college for return on investment (ROI) for business majors, according to PayScale Inc., the world's leading provider of on-demand compensation data and software.
According to the 2016 PayScale College ROI Report, Babson alumni who do not receive financial aid enjoy a 20-year net ROI of $756,000. The 20-year net ROI for alumni who receive financial aid is even greater--$890,000.
PayScale has ranked Babson No. 9 overall among all U.S. colleges for ROI for business majors (No. 7 among colleges for business majors including financial aid). Among the best colleges for value, Babson is ranked No. 12 without financial aid and No. 8 with financial aid (ranked among colleges such as Stanford, MIT, Caltech, and Princeton).
"Once again, the worth of the Babson education is recognized by PayScale for its value to students," said President Kerry Healey. "This success, as measured by ROI, is just one component of a Babson degree that provides an education for entrepreneurial leaders who create great economic and social value--everywhere."
"...a business degree is not only...applicable to nearly every industry, but, more importantly, it's a wise investment that promises healthy returns after graduation, especially if you attend one of the best value colleges for business majors listed in PayScale's College ROI Report," said PayScale. "Business accounts for up to one-third of all bachelor's degrees granted in the United States, and business majors learn a versatile set of skills, making them some of the best-paid alumni in PayScale's report. Business majors are popular and have the potential to prepare you for a high-paying career, but it's very important that you select a college with a proven track record for providing business majors with a high return on their investment."
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Cloud software, crowd sourced data, and unique algorithms power the world's largest real-time database of rich salary profiles giving PayScale the unique ability to provide employees and employers alike immediate visibility into the right pay for any position. PayScale's cloud compensation software is used by more than 3,500 customers including Bloomberg BNA, Cummins, Warby Parker, Clemson University, and Signature HealthCARE.
About Babson College
Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds(r). The top-rankedcollege 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 & Action(r) as the most positive force on the planet for generating sustainable economic and social value. Visit www.babson.edu
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SOURCE Babson College