Best Value Engineering Schools

In PayScale’s College ROI Report, when sorting by school type, engineering schools easily top the list of best values.

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Rank
School Name
Annual ROI
20 Year ROI annualized to represent the % of expected ROI received each year after graduation.
Annual ROI
20 Year ROI annualized to represent the % of expected ROI received each year after graduation.
Annual ROI
20 Year ROI annualized to represent the % of expected ROI received each year after graduation.
Annual ROI
20 Year ROI annualized to represent the % of expected ROI received each year after graduation.
20 Year Net ROI
 
Difference between 20 Year Median Pay for a bachelor’s grad and 24 Year Median Pay for a high school grad minus Total 4 Year Cost.
20 Year Net ROI
Difference between 20 Year Median Pay for a bachelor’s grad and 24 Year Median Pay for a high school grad minus Total 4 Year Cost.
20 Year Net ROI
Difference between 20 Year Median Pay for a bachelor’s grad and 24 Year Median Pay for a high school grad minus Total 4 Year Cost.
20 Year Net ROI
Difference between 20 Year Median Pay for a bachelor’s grad and 24 Year Median Pay for a high school grad minus Total 4 Year Cost.
Total 4 Year Cost
Full cost, including tuition & fees, room & board, and books & supplies. Actual net cost may vary based on a student’s academic success and family income. Source: IPEDS
Total 4 Year Cost
Full cost, including tuition & fees, room & board, and books & supplies. Actual net cost may vary based on a student’s academic success and family income. Source: IPEDS
Graduation Rate
% of full-time, first-time degree seeking undergrad students who began their studies at the given school and graduate within 6 years. Source: IPEDS
Typical Years to Graduate
# of years it takes for at least 65 percent of graduates from a given school to receive their diplomas. Source: IPEDS
Average Loan Amount
Received by full-time, first-time degree seeking undergrad students, multiplied to represent amount over four years. Includes all Title IV loans and all institutionally- and privately-sponsored student loans. Source: IPEDS
% Grant Money Received
% of full-time, first-time undergrads who received local, state, federal, or institutional grant aid in the 2012-2013 academic year. Source: IPEDS
119.0%N/A22.6%N/A$1,094,000N/A$1,110,000N/A$34,900N/A76%4$20,0008%
1United States Merchant Marine Academy(Service Academy)
Annual ROI19.0%
Annual ROIN/A
Annual ROI22.6%
Annual ROIN/A
20 Year Net ROI$1,094,000
20 Year Net ROIN/A
20 Year Net ROI$1,110,000
20 Year Net ROIN/A
Total 4 Year Cost$34,900
Total 4 Year CostN/A
Grad Rate76%
Time to Graduate4
Loan Amt$20,000
Grant Money Received8%
28.5%N/A14.6%N/A$1,015,000N/A$1,182,000N/A$249,000N/A93%4$30,20015%
2Massachusetts Institute of Technology(Private)
Annual ROI8.5%
Annual ROIN/A
Annual ROI14.6%
Annual ROIN/A
20 Year Net ROI$1,015,000
20 Year Net ROIN/A
20 Year Net ROI$1,182,000
20 Year Net ROIN/A
Total 4 Year Cost$249,000
Total 4 Year CostN/A
Grad Rate93%
Time to Graduate4
Loan Amt$30,200
Grant Money Received15%
3N/AN/AN/AN/A$1,004,000N/A$1,004,000N/A$0N/A86%4N/AN/A
3United States Naval Academy(Service Academy)
Annual ROIN/A
Annual ROIN/A
Annual ROIN/A
Annual ROIN/A
20 Year Net ROI$1,004,000
20 Year Net ROIN/A
20 Year Net ROI$1,004,000
20 Year Net ROIN/A
Total 4 Year Cost$0
Total 4 Year CostN/A
Grad Rate86%
Time to Graduate4
Loan AmtN/A
Grant Money ReceivedN/A
47.9%N/A11.7%N/A$978,000N/A$1,114,000N/A$272,000N/A93%4$25,50011%
4Harvey Mudd College(Private)
Annual ROI7.9%
Annual ROIN/A
Annual ROI11.7%
Annual ROIN/A
20 Year Net ROI$978,000
20 Year Net ROIN/A
20 Year Net ROI$1,114,000
20 Year Net ROIN/A
Total 4 Year Cost$272,000
Total 4 Year CostN/A
Grad Rate93%
Time to Graduate4
Loan Amt$25,500
Grant Money Received11%
511.1%11.3%13.2%13.6%$909,000$914,000$949,000$954,000$126,000$121,00077%4$26,70010%
5Colorado School of Mines(In-State)
Annual ROI11.1%
Annual ROI11.3%
Annual ROI13.2%
Annual ROI13.6%
20 Year Net ROI$909,000
20 Year Net ROI$914,000
20 Year Net ROI$949,000
20 Year Net ROI$954,000
Total 4 Year Cost$126,000
Total 4 Year Cost$121,000
Grad Rate77%
Time to Graduate4
Loan Amt$26,700
Grant Money Received10%
6N/AN/AN/AN/A$905,000N/A$905,000N/A$0N/A83%4N/AN/A
6United States Air Force Academy(Service Academy)
Annual ROIN/A
Annual ROIN/A
Annual ROIN/A
Annual ROIN/A
20 Year Net ROI$905,000
20 Year Net ROIN/A
20 Year Net ROI$905,000
20 Year Net ROIN/A
Total 4 Year Cost$0
Total 4 Year CostN/A
Grad Rate83%
Time to Graduate4
Loan AmtN/A
Grant Money ReceivedN/A
77.9%7.9%12.7%12.9%$887,000$890,000$1,033,000$1,036,000$250,000$247,00094%4$30,90011%
7California Institute of Technology(Private)
Annual ROI7.9%
Annual ROI7.9%
Annual ROI12.7%
Annual ROI12.9%
20 Year Net ROI$887,000
20 Year Net ROI$890,000
20 Year Net ROI$1,033,000
20 Year Net ROI$1,036,000
Total 4 Year Cost$250,000
Total 4 Year Cost$247,000
Grad Rate94%
Time to Graduate4
Loan Amt$30,900
Grant Money Received11%
811.9%11.4%15.5%14.5%$856,000$847,000$904,000$894,000$101,000$111,00086%5$33,50011%
8Georgia Institute of Technology-Main Campus(In-State)
Annual ROI11.9%
Annual ROI11.4%
Annual ROI15.5%
Annual ROI14.5%
20 Year Net ROI$856,000
20 Year Net ROI$847,000
20 Year Net ROI$904,000
20 Year Net ROI$894,000
Total 4 Year Cost$101,000
Total 4 Year Cost$111,000
Grad Rate86%
Time to Graduate5
Loan Amt$33,500
Grant Money Received11%
98.7%8.9%10.0%10.2%$840,000$845,000$880,000$885,000$195,000$190,00077%4$26,70010%
9Colorado School of Mines(Out-of-State)
Annual ROI8.7%
Annual ROI8.9%
Annual ROI10.0%
Annual ROI10.2%
20 Year Net ROI$840,000
20 Year Net ROI$845,000
20 Year Net ROI$880,000
20 Year Net ROI$885,000
Total 4 Year Cost$195,000
Total 4 Year Cost$190,000
Grad Rate77%
Time to Graduate4
Loan Amt$26,700
Grant Money Received10%
107.6%7.7%10.4%10.6%$832,000$837,000$932,000$937,000$250,000$245,00083%5$26,70017%
10Stevens Institute of Technology(Private)
Annual ROI7.6%
Annual ROI7.7%
Annual ROI10.4%
Annual ROI10.6%
20 Year Net ROI$832,000
20 Year Net ROI$837,000
20 Year Net ROI$932,000
20 Year Net ROI$937,000
Total 4 Year Cost$250,000
Total 4 Year Cost$245,000
Grad Rate83%
Time to Graduate5
Loan Amt$26,700
Grant Money Received17%
117.3%N/A14.4%N/A$801,000N/A$987,000N/A$257,000N/A83%4$18,0004%
11Webb Institute(Private)
Annual ROI7.3%
Annual ROIN/A
Annual ROI14.4%
Annual ROIN/A
20 Year Net ROI$801,000
20 Year Net ROIN/A
20 Year Net ROI$987,000
20 Year Net ROIN/A
Total 4 Year Cost$257,000
Total 4 Year CostN/A
Grad Rate83%
Time to Graduate4
Loan Amt$18,000
Grant Money Received4%
1211.9%13.4%15.4%18.6%$783,000$804,000$825,000$846,000$92,200$71,20076%4$30,70018%
12Massachusetts Maritime Academy(In-State)
Annual ROI11.9%
Annual ROI13.4%
Annual ROI15.4%
Annual ROI18.6%
20 Year Net ROI$783,000
20 Year Net ROI$804,000
20 Year Net ROI$825,000
20 Year Net ROI$846,000
Total 4 Year Cost$92,200
Total 4 Year Cost$71,200
Grad Rate76%
Time to Graduate4
Loan Amt$30,700
Grant Money Received18%
13 (tie)8.7%8.4%10.4%10.0%$777,000$768,000$825,000$815,000$180,000$190,00086%5$33,50011%
13 (tie)Georgia Institute of Technology-Main Campus(Out-of-State)
Annual ROI8.7%
Annual ROI8.4%
Annual ROI10.4%
Annual ROI10.0%
20 Year Net ROI$777,000
20 Year Net ROI$768,000
20 Year Net ROI$825,000
20 Year Net ROI$815,000
Total 4 Year Cost$180,000
Total 4 Year Cost$190,000
Grad Rate86%
Time to Graduate5
Loan Amt$33,500
Grant Money Received11%
13 (tie)7.5%7.5%9.7%9.7%$777,000$779,000$858,000$860,000$242,000$240,00086%4$44,40014%
13 (tie)Worcester Polytechnic Institute(Private)
Annual ROI7.5%
Annual ROI7.5%
Annual ROI9.7%
Annual ROI9.7%
20 Year Net ROI$777,000
20 Year Net ROI$779,000
20 Year Net ROI$858,000
20 Year Net ROI$860,000
Total 4 Year Cost$242,000
Total 4 Year Cost$240,000
Grad Rate86%
Time to Graduate4
Loan Amt$44,400
Grant Money Received14%
157.9%N/A10.0%N/A$766,000N/A$836,000N/A$215,000N/A53%5$44,20025%
15Kettering University(Private)
Annual ROI7.9%
Annual ROIN/A
Annual ROI10.0%
Annual ROIN/A
20 Year Net ROI$766,000
20 Year Net ROIN/A
20 Year Net ROI$836,000
20 Year Net ROIN/A
Total 4 Year Cost$215,000
Total 4 Year CostN/A
Grad Rate53%
Time to Graduate5
Loan Amt$44,200
Grant Money Received25%

* N/A indicates school does not have an on campus living option.

Engineers use science and math to solve real-life problems, and engineering graduates’ skillset makes them highly sought after by many employers after graduation. The top engineering schools tend to be highly competitive, but earning a degree from one means you’ll be in high demand and command an equally high salary. With a STEM degree or other degree from a respected engineering school, a student can go on to enjoy a successful career in many fields.

The California Institute of Technology is consistently ranked among the best universities in the world for engineering, technology and the physical sciences, and Caltech — as it’s more commonly known — was founded in 1891. The private, Pasadena-based university is split up into six academic divisions, most of which have an emphasis on science and engineering. Caltech offers 24 majors, or “options,” and six minors, with computer science, electrical engineering and chemical engineering being among the most popular.

One-third of all manned space flights have included graduates of Massachusetts Institute of Technology, or MIT, so it’s easy to see why it’s among the best engineering schools a person can select. Located in Cambridge, the private university provides among the best engineering schools return on investment you can find. Programs offered by its five schools and colleges span many fields, but the physical sciences and engineering are undoubtedly among the most popular. Since its founding in 1861, MIT has produced or been associated with more than 80 Nobel Laureates, 45 Rhodes Scholars, 52 National Medal of Science recipients and two Fields Medalists, so you would be hard-pressed to find a more prestigious engineering school offering this kind of value.

Based in Claremont, California, Harvey Mudd College is a private school with a tiny population of around 800 undergraduate students, but the school punches far above its weight when it comes to ROI. A significant percentage of its students go on to earn PhDs after earning degrees in mathematics, physics, chemistry, biology, computer science and, of course, engineering. Harvey Mudd College offers Bachelor of Science degrees in a variety of science, math and engineering majors, and students can also attend classes at other schools in the Claremont Colleges consortium. Without a doubt, the school offers one of the best values in engineering schools.


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