Georgetown University Study Ranks MCPHS #3 in the Country for Value
The Georgetown team assessed the return on investment that universities provide for their students over the long run.
Massachusetts College of Pharmacy and Health Sciences (MCPHS) ranks #3 in the U.S. for the economic value it provides for its students, according to a recent study from Georgetown University's Center for Education and the Workforce.
The study ranks 4,500 colleges and universities by return on investment based on data from the College Scorecard, an online tool created by the U.S. government to help consumers compare the cost and value of higher education institutions. The Georgetown team calculated how much a degree from each college or university is worth, factoring in costs, future earnings, and how long it would take to invest and earn that money instead.
Economists consider the so-called net present value (NPV) at 40 years—a long time horizon—to be one of the most comprehensive benchmarks for judging value. The net present value of an MCPHS degree at 40 years is $2,509,000, earning the University the #3 spot in the ranking.
As a health sciences university, our students benefit from an interprofessional environment across 14 schools representing more than 100 different programs. For 200 years, Massachusetts College of Pharmacy and Health Sciences has had a singular focus on training students for high-paying and rewarding careers in healthcare.