Ever since I sent in my $1,000 deposit to Columbia University’s Graduate School of Journalism I’ve been wondering if I made the right choice. I mean, it’s mucho expensivo and I could have chosen CUNY, a good (and cheap) school.
I chose Columbia because advisers, friends, family and bosses all told me that spending the money now would pay off after graduation. I believed them but I was still hesitant. I’m a bit OCD. I like empirical evidence.
And now I have it.
PayScale.com put out a list of the colleges and universities with the biggest Return On Investment (ROI) and Columbia comes in at number 19. Not bad, not bad.
According to the study Columbia’s yearly ROI is 11.3% and in 30 years it’s $1,161,000. Hmm…I could work with that.
Though I can’t help but wonder how accurate this study is. Is it the schools or the students? I mean most of the top 10 are private (many Ivy League) schools, schools that tend to draw a student body who are driven, goal oriented and hardworking. Is the ROI really because of the education or is it the drive of the students…? Or is it that the driven students are challenged and highly educated so they’re more valued in the working world?
The study itself makes it sound like going to these schools is like a magic way to get a great job and make a lot of money. I feel like it’s a combination of the schools along with hardworking students and a vast alumni network.
Columbia, I’m ready. I’m ready to work hard and use what you’re going to offer me. See you on Aug. 10.