Date

12-2016 12:00 AM

Major

Economics, Spanish

College

Liberal Arts and Sciences

Project Advisor

Peter Orazem

Project Advisor's Department

Economics

Description

This project is an economists approach to ranking universities in the United States. The goal of this research was twofold. First, I aimed to assign a market based quality measure to 950 universities. This was accomplished by using NACE data from 2013 to calculate a weighted average of salaries for each university. This is what graduates should receive on average after graduation. We then used PayScale data from 2013 to find out what graduates from each university actually made. The difference between what they should receive and actually receive equals the quality value. Second, I analyzed how specific university attributes affect the institution’s quality value. Using IPEDS we gathered data on both student attributes, and institutional attributes. We measured student attributes by looking at ACT scores, GPA and class rank. Some variables used to measure institution quality included, student enrollment, money spent on research, and diversity. In addition to controlling for student quality, I also controlled for location. The first result from this project is a list of 950 universities in the nation ranked by their market value. Second, we now have a better idea as to what university qualities lead to higher starting salaries for graduates.

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Dec 1st, 12:00 AM

What are the best universities in the nation, and why?

This project is an economists approach to ranking universities in the United States. The goal of this research was twofold. First, I aimed to assign a market based quality measure to 950 universities. This was accomplished by using NACE data from 2013 to calculate a weighted average of salaries for each university. This is what graduates should receive on average after graduation. We then used PayScale data from 2013 to find out what graduates from each university actually made. The difference between what they should receive and actually receive equals the quality value. Second, I analyzed how specific university attributes affect the institution’s quality value. Using IPEDS we gathered data on both student attributes, and institutional attributes. We measured student attributes by looking at ACT scores, GPA and class rank. Some variables used to measure institution quality included, student enrollment, money spent on research, and diversity. In addition to controlling for student quality, I also controlled for location. The first result from this project is a list of 950 universities in the nation ranked by their market value. Second, we now have a better idea as to what university qualities lead to higher starting salaries for graduates.