Small School, Big ROI

NEW YORK, May 1, 2013 /PRNewswire/ -- The Polytechnic Institute of New York University (NYU-Poly) has been ranked third among all schools in the nation in PayScale's 2013 College ROI Report, which links the cost of attending over 1,000 colleges to median alumni salaries. The small engineering and applied sciences school in Brooklyn, New York, regularly lists among PayScale's top ten schools for the mid-career salary potential of baccalaureate alumni.

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In its newest survey, PayScale calculates that NYU-Poly graduates earn more than $1.6 million over 30 years, yielding an average 7.6 percent return on their educational investment of $214,000.  PayScale reports NYU-Poly's mid-career graduates average $117,000 per year, and that starting salaries average $56,800. All its calculations apply to alumni holding four-year degrees.

Engineering schools and research universities dominate the list, accounting for all of the top 12 places. NYU-Poly ranks behind only Harvey Mudd College and the California Institute of Technology.

The earnings potential is important for many NYU-Poly graduates: About half of its students receive federal Pell Grants for low-income families, and 38 percent of incoming students report that they are the first in their families to attend college.

"From its founding in 1854, Poly has been committed to educating outstanding students who have gone onto Nobel prizes and inventions that have changed our lives forever," said NYU-Poly President Katepalli Sreenivasan. "This latest PayScale ranking demonstrates that innovation in engineering education, which is a hallmark of Poly, is fulfilling and financially fruitful. This success owes itself in part to the excellent education the students receive at Poly and in part to the determined motivation of the students to succeed. I hope that this ranking–and those of the other research and engineering colleges–serve as a beacon to students in primary and secondary schools to consider fulfilling careers in the STEM subjects–science, technology, engineering and mathematics."

About Polytechnic Institute of New York University

The Polytechnic Institute of New York University (formerly the Brooklyn Polytechnic Institute and the Polytechnic University, now widely known as NYU-Poly) is an affiliated institute of New York University, soon to be its School of Engineering. NYU-Poly, founded in 1854, is the nation's second-oldest private engineering school. It is presently a comprehensive school of education and research in engineering and applied sciences, rooted in a 159-year tradition of invention, innovation and entrepreneurship. It remains on the cutting edge of technology, innovatively extending the benefits of science, engineering, management and liberal studies to critical real-world opportunities and challenges, especially those linked to urban systems, health and wellness, and the global information economy. In addition to its programs on the main campus in New York City at MetroTech Center in downtown Brooklyn, it offers programs around the globe remotely through NYUe-Poly. NYU-Poly is closely connected to engineering in NYU Abu Dhabi and NYU Shanghai and to the NYU Center for Urban Science and Progress (CUSP) also at MetroTech, while operating two incubators in downtown Manhattan and Brooklyn. For more information, visit www.poly.edu.

SOURCE Polytechnic Institute of New York University

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