Money magazine’s inaugural Best Colleges list, released on July 28, ranks Manhattan College No. 40 among 665 colleges and universities that offer value for educational investment. This is the first time Money magazine has conducted the Best Colleges ranking, which evaluates educational quality, affordability and career outcomes to help families find the right school at the right price.
Manhattan College also placed sixth in the “25 Colleges That Add the Most Value” category, which factors in the percentage of students who complete college and the average alumni salary.
“Money magazine’s ranking attests to the success of our graduates and the relevance and transformative power of the education they receive at Manhattan College,” said William Clyde, Ph.D., executive vice president and provost. “The methodology places high value on the graduation rate, earnings and other measures of success, given graduates’ backgrounds and majors, providing further evidence that Manhattan alumni add value wherever they go.”
The new ranking examined more than 1,500 four-year colleges and universities nationwide, eliminating schools with a below-average graduation rate, and comprehensively ranked the remaining 665.
Money magazine teamed up with Mark Schneider, former commissioner of the Department of Education’s National Center for Education Statistics and his company College Measures, which collects and analyzes data to drive improvements in higher education, to conduct the analysis. Payscale.com also provided the earnings data.
One of the most important findings to come out of the rankings, Schneider notes in Money magazine’s press release, is that students don’t have to pay a lot to get a high quality education that can compete in the job market. “The published price of a college doesn’t tell you very much about what you’ll actually pay or of students’ later life success,” he says. “There is zero correlation with most of our measures.”
To read more about Money magazine’s methodology, visit time.com.