LIM Ranks in Top 10% of “Value-Added” Colleges
November 17, 2015
A recent study that measures colleges’ contributions to undergraduate student outcomes identified LIM College as being in the top 10% of four-year colleges in the nation.
The report from the Brookings Institution, titled, “Using earnings data to rank colleges: A value-added approach updated with College Scorecard data,” was released on October 29 and ranked 3,173 two-and-four-year institutions. Each received a “value-added” score based on alumni earnings.
Jonathan Rothwell, the study’s author, states on the Brookings website, “Value-added measures attempt to isolate the contribution of the college to student outcomes, as distinct from what one might predict based on student characteristics or the level of degree offered. It is not a measure of return on investment, but rather a way to compare colleges on a more equal footing, by adjusting for the relative advantages or disadvantages faced by diverse students pursuing different levels of study across different local economies.”
Rothwell also notes, “The value-added measures here help fill an information void and can be used to inform strategies to improve college quality and help identify schools that are contributing the most to student economic advancement.”
Data used in the study was drawn from the U.S. Department of Education’s College Scorecard database, which was designed to allow the public to see how well institutions throughout the country are serving their students. According to the College Scorecard, the median salary of LIM students 10 years after entering college is 42% higher than the national average.
Says LIM College President Elizabeth S. Marcuse, “The results of this study are a testament to the value of LIM’s longstanding practice of combining academic study in business principles with real-world experience and career-building activities. We remain committed to providing our students with resources and opportunities that will allow them to develop into accomplished professionals.”