HOBOKEN, N.J., July 15, 2018 /PRNewswire-PRWeb/ -- Among the
nation's top colleges and universities, Stevens Institute of Technology is ranked No. 2 for
the smallest gender gap in earnings among its graduates, with women
out-earning men by 1.6 percent, according to data reported by
Forbes magazine.
The report comes at a time when the gender gap in pay has
remained stagnant or widened in areas across the country, prompting
legislators to take sweeping action against the disparity.
"At a time when the gender gap in pay continues to persist,
Stevens' graduates are bucking the trend," says Susan Metz, executive director for diversity and
inclusion at Stevens. "This is another indicator that Stevens is
getting it right – we prepare our students for successful careers
and deliver a great return on investment for their college
education."
Forbes' ranking, based on data from the U.S. Department of
Education's College Scorecard project, considered the top 117
schools, as defined by the U.S. News & World Report's Best
Colleges rankings (the top 100 universities plus the top 25 liberal
arts schools, minus schools that didn't report data).
It then looked at the average earnings of people who had started
school six years prior, with the majority taking four years to
graduate, and who were now working and no longer in school
full-time.
Data show that during this time period, a male graduate earned
an average of $59,000, while a female
graduate earned 19 percent less with an average salary of
$48,000. That national average
includes data from elite schools, such as Harvard, MIT,
Duke and Stanford.
That wage gap stands in stark contrast to the median pay of
Stevens Institute of Technology
graduates, in which women earned $64,000 and men earned $63,000. The report also highlighted Stevens as
one of just three schools whose female graduates made more than
their male counterparts during this time period, trailing only
Clark University but ahead of
Yale.
Moreover, Stevens is consistently among the nation's elite in
return of investment. Salary consultancy PayScale ranked Stevens
No. 15 in its 2018 College ROI Report, while the Princeton Review
named the university one of the 50 Colleges that Create Futures in
2017.
About Stevens Institute of
Technology-
Stevens Institute of Technology is a
premier, private research university situated in Hoboken, New Jersey overlooking the
Manhattan skyline. Since our
founding in 1870, technological innovation has always been the
hallmark and legacy of Stevens' education and research. Within the
university's three schools and one college, 6,900 undergraduate and
graduate students collaborate closely with faculty in an
interdisciplinary, student-centric, entrepreneurial environment.
Academic and research programs spanning business, computing,
engineering, the arts and other fields actively advance the
frontiers of science and leverage technology to confront our most
pressing global challenges. The university is consistently ranked
among the nation's elite for return on tuition investment, career
services and the mid-career salaries of alumni.
SOURCE Stevens Institute of
Technology (inc)