McNeese State University’s College of Engineering ranks third among all public and private institutions in the nation with the greatest lifetime return on investment for its engineering majors, according to the 2015 College ROI Report by PayScale, Inc., the world's leading provider of on-demand compensation data and software.
Depending on whether financial aid is or isn’t included in the ROI calculations, McNeese graduates have a 20-year net ROI of between $1,079,600 (no aid) or $1,104,600 (with aid). Rice University ranked at the top with a lifetime ROI of $1,168,400 followed by University of California –Berkeley at $1,103,100.
“McNeese has received a lot of national attention over the past four years for its outstanding academic programs and affordability,” said Dr. Philip Williams, McNeese president, “and this announcement by PayScale that the McNeese College of Engineering now ranks third among all engineering schools in the nation in terms of career return on investment - topping all engineering programs in the state of Louisiana - is especially good news.
“In 2014, U.S. News and World Report, widely considered to be the foremost authority on college rankings, ranked McNeese in Tier One in the Best Regional Universities-South category and it has also ranked McNeese in the top 50 among the top public schools in the southern region for a fourth consecutive year,” Williams added.
“We are continuously moving along an upward trajectory,” he said. “These rankings are due to the dedication of our faculty and staff. They are experts in their fields who care deeply about the students and who embrace our campus culture of ‘Excellence With a Personal Touch.’ Our faculty and staff are truly outstanding.”
With over $77 billion in economic development projects in progress or announced in Southwest Louisiana, Williams said that McNeese is in a prime position to provide graduates that will be in high demand for the expanding industrial facilities and for the increased need for graduates in engineering, business, health care, allied health services, education, agriculture, criminal justice, recreation, tourism and entertainment that the economic and population growth will require.
“Success and recognition as an engineering professional have more to do with the program quality than the university name. The McNeese engineering program is nationally accredited by the Accreditation Board for Engineering and Technology and our faculty work closely with area industry to ensure that our graduates are well prepared and job ready on day one,” according to Dr. Nikos Kiritsis, dean of the college of engineering.
He pointed out that McNeese is the only university in the University of Louisiana System to have a model chemical plant to train future engineers and current area industry employees and that McNeese engineering students have won several national competitions within the last year.
(Pictured above: A team of McNeese State University mechanical engineering students won first place in the “Robots for Relief” student design competition at the American Society of Mechanical Engineers regional conference hosted by Texas Tech University at Lubbock. The winning design team and its faculty advisers are from left: Benjamin Pearce, Dr. Ning Zhang, Nabin Dhakal, Jeevan Rai, Alper Unluer and Dr. Zhuang Li.)
To see all of the rankings visit www.payscale.com/college-roi/major/engineering.