Cal State Long Beach was ranked in the top 10% of universities that provide the greatest return on investment (ROI) in the long term from a postsecondary education, according to a recent study by Georgetown University’s Center on Education and the Workforce, “Ranking 4,500 Colleges by ROI (2022).”
Assessing data from the U.S. Department of Education’s College Scorecard, the study evaluated institutions on metrics including tuition, graduation rates, median student debt and median earnings after enrollment.
From these metrics, the Center formulated a net present value (NPV) to rank colleges. The NPV estimates the future earning potential of a student after receiving a bachelor’s degree.
In the study’s most comprehensive benchmark for judging value - 40 years after graduation - a bachelor’s degree from Cal State Long Beach is valued at $1.04 million.
“This study is further evidence of the transformative power of a Beach education,” said Provost Karyn Scissum Gunn. “We are committed to preparing our students to become impactful, passionate leaders in their respective fields.”
A previous ranking places The Beach as No. 3 in the nation for advancing economic and social mobility for its students to graduate into well-paying jobs, according to the latest Social Mobility index by CollegeNET. The Beach moved up two spots from last year’s ranking and from No. 7 in 2019.
Earlier this year, The Beach was elevated to “Doctoral University: High Research Activity (R2)” designation by the Carnegie Classification of Institutions of Higher Education in recognition of the university’s progression from a master’s-level comprehensive institution to one that awards doctorates. The new designation reflects the faculty’s continued commitment to engaging students in undergraduate and graduate research.