NEWARK, NJ – For the fourth year in a row, the New Jersey Institute of Technology was ranked among the nation’s best colleges for students seeking a quality education at an affordable price, according to The Princeton Review.
An honor held since 2018, NJIT ranked 39th as a Best Value College and 10th for Best Career Placement among public colleges and universities. In order to make the list, institutions needed to demonstrate a stellar academic program and affordability, and offer strong opportunities for career prospects after graduation.
The Princeton Review’s ROI rating and selection process considers more than 40 data points covering academic offerings, cost/financial aid, career placement services, graduation rates, and student debt as well as alumni salary levels and job satisfaction.
“An education from NJIT offers an excellent return on investment and provides a pathway to career success,” NJIT President Joel Bloom said. “Our students have an average of approximately three job offers in hand during their senior year and attain starting salaries almost 20% above their peers across the country. And we are ranked among the top 2% out of more than 4,000 colleges and universities for alumni mid-career earnings.”
In a recent series of commendations, NJIT jumped 52 spots in a Wall Street Journal/Times Higher Education rankings, ranked in the top third of national universities by U.S. News and World Report, and is ranked 43rd on Payscale.com’s Best Value Colleges ranking, which measures return on investment.
The Princeton Review analyzed data from its surveys of administrators at more than 650 colleges in 2019–20 as well as its surveys of students attending the schools. The company also factored in data from PayScale.com surveys of alumni of the schools about their starting and mid-career salaries as well as their job satisfaction.
"The colleges that we designate as our 'Best Values' this year are truly a select group: they comprise only about 1.2% of the four-year undergraduate institutions in the U.S.," said Rob Franek, editor-in-chief of The Princeton Review. "These exceptional schools differ in many ways, yet they are alike in that all offer outstanding academics and excellent career services. As important to today's college applicants and their parents: These colleges have a comparatively low sticker price and/or generous financial aid offerings.”
More information on the project methodology, the criteria for the company's ROI rating, and the basis for each ranking list can be found at https://www.princetonreview.com/college-rankings/best-value-colleges/methodology.
Other New Jersey schools listed in the top 50 rankings included The College of New Jersey in Ewing which ranked at 47th. Drew University in Madison, Princeton University and Stevens Institute of Technology in Hoboken were listed outside of the top 50 rankings.
For the full list of the 2021 Best Value Colleges, and to see NJIT’s profile, visit https://www.princetonreview.com/college-rankings?rankings=best-value-colleges.