What's New in Education 2011?

The Marketplace Edge

Robert A. Altenkirch, PhD
President, New Jersey Institute of Technology

At NJIT, we believe that a great education should lead to a great career and despite the recession, our 2010 graduates were still ahead of the curve.

The National Association of Colleges and Employers (NACE) reported that 24 percent of 2010 college graduates had a job waiting for them at graduation, as compared to 42 percent of NJIT graduates. Within six months, some 60 percent are employed, and within a year, 85 percent have jobs, while another 13 percent are enrolled in graduate or professional school. 

NACE reported that the highest salaries went to those with degrees in engineering, information technology and business, and NJIT graduates were no exception, gaining positions at top companies like AT&T, Verizon, and ExxonMobil, as well as top government agencies like ARDEC and the NSA. A Bloomberg Businessweek survey put NJIT in the top 10 percent nationally for return on investment over 30 years, while PayScale.com placed the fifth among state universities for both starting salaries for new graduates and mid-career earnings.

(This op-ed piece appeared in the February 6, 2011, Star-Ledger New Jersey Consumer Outlook - Retail, Education TSL Special Sections Page)