Careers shortlists over colleges across domains each year. The cumulative scores of colleges are then calculated and they are divided into clusters as per their scores. Careers ranks private and government colleges separately as the support system of both types of Institutions is completely different.
Rating Methodology: Based on the individual scores secured by colleges in respective parameters the cumulative score of all the colleges ranked is calculated.
Ranking Methodology: The colleges are ranked as per the cumulative score that they have received. One of the earlier such efforts was a paper in The Journal of Human Resources that looked at data on thousands students who went to college in the s and 80s.
The researchers grouped their subjects' schools by reputation using old college guide books, then compared their post-campus wages. The rankings, it turned out, mattered a great deal. The more elite a school, the better its alums' paychecks. The effect also increased over time.
Among students who had graduated high school in , those who had gone on to a top private university eventually made 20 percent more than their counterparts from bottom tier public school. For the class of , the wage boost was just 9 percent. The graph below shows data from the high school class of Again, whether public or private, a college's quality or at least its reputation for quality had a significant impact. There's evidence that where you apply is more important than where you attend.
In studies this decade, academics have gone out in search of naturally occurring experiments to try and figure out if it's the school that counts when it comes to earning potential, or the student. One of the best known efforts was by Stacy Berg Dale of the Andrew Mellon Foundation and Alan Kreuger of Princeton, who came to the unexpected conclusion that, in some respects, where you went to college was less important than where you applied.
Here's how they got there. Using information on undergraduates from the late s, the authors matched students who had been accepted and rejected by similarly selective colleges. As expected, most of these siblings chose to attend the most selective school they got into.
But a few decided to attend a less selective college. That gave the researchers a chance to see what would happen when young people who were equally talented in the classroom -- at least on paper -- picked different quality institutions. The big surprise: Selectivity didn't matter. Academic siblings ended up making just about the same wages after college regardless of how choosy their school was. In fact, where the students applied, and their final class rank in school, were much better correlated with earnings than their school's admissions standards.
If you were smart enough to get into Yale, or even take a shot at it, you were probably smart enough to earn like a Yale grad. There was a big caveat, however. Although tough admissions standards didn't count for much, tuition prices did. Students who went to more expensive schools consistently outearned their peers during life after college. Dale and Kreuger theorized that spending per student may have been the explanation. While an ambitious sophomore could probably find like-minded classmates to study with anywhere, they couldn't make up for their school's resources.
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