Loyola University Maryland has been ranked No. 64 of more than 850 colleges and universities for return on investment in a new report by compensation database website PayScale.com.
PayScale found that Loyola’s 30-year net return on investment, or ROI, is $542,000, second in Maryland to Johns Hopkins University. The median salary for a Loyola graduate with 5-9 years of work experience is $70,526; for 20 or more years of work experience, it’s $102,659.
ROI for each school in the report is based on the total income that a graduate will earn after graduation in 30 years of working, minus both what he or she would have earned as a high school graduate and the cost of college (tuition, room and board, books and supplies). The calculation does not include financial aid. PayScale generated the rankings using data collected from employees who successfully completed a PayScale survey. Only graduates who are employed full-time and paid with either an hourly wage or an annual salary were included. Also, only employees who possess a bachelor's degree and no higher degrees were included.
PayScale ranked Loyola No. 78 in 2011 and No. 108 in 2010. Loyola’s complete 2012 profile is available here, and PayScale’s full list of ranked schools is available here.