Posted on Friday, August 19, 2011
SmartMoney has recognized Hobart and William Smith as an exceptional investment, listing the Colleges as 10th in its ranking of "Colleges that Help Grads Get Top Salaries" in the category of private colleges.
"This is a strong indication of the power of a Hobart and William Smith degree and a clear measure of the many ways our graduates go on to lead lives of consequence," says President Mark D. Gearan. "Accolades like these are a result of extraordinary teaching, the generosity of our alums who support our students in their career searches, and the hard work being conducted by the staff at the Salisbury Center for Career Services."
The success of many recent graduates to land key jobs is tied to the comprehensive program offered by the Salisbury Center for Career Services at Hobart and William Smith. As early as their first semester, HWS students explore how their interests, values and skills translate into a career. The Salisbury Center aids students in finding research opportunities, internships, job placements or graduate study. The HWS Career Network is also key to the success, with more than 5,000 alums volunteering to talk to students about their career paths, provide networking opportunities within their field, serve as mentors, refer students to hiring personnel within their organization, as well as provide internships and entry-level jobs.
In the ranking, SmartMoney collected median pay figures for two sets of alums from each school: recent grads (who've been out of school for an average of two years) and midcareer types (an average of 15 years out). For each school, they divided the median alumnus salary by tuition and fees (assuming they paid full price at then-current rates), averaged the results and, finally, converted that result to a percentage figure. The outcome is a measure of return on (tuition) investment that they've dubbed the Payback Score.
Hobart and William Smith garnered a Payback Score of 79, the median score of non-Ivy private colleges. A list of the full rankings can be found here: http://www.hws.edu/news/images/smartmoney9-2011.jpg
This is one of several recent national accolades. Also this month, the Princeton Review again included Hobart and William Smith as among the country's best institutions for undergraduate education in its 2012 edition of its annual college guide, "The Best 376 Colleges." Hobart and William Smith were also ranked among the best 100 schools in the nation, according to Forbes magazine. The publication named HWS among "America's Top Colleges," its annual ranking of the 650 best undergraduate institutions. Last year, Hobart and William Smith were named to the President's Higher Education Community Service Honor Roll by the Corporation for National and Community Service, the highest federal recognition a college or university can receive for its commitment to volunteering, service-learning and civic engagement. In recent years, Hobart and William Smith have also been listed in The Princeton Review's "Colleges with a Conscience: An Engaged Student's Guide to College," which ranked HWS as one of best institutions for service learning and civic engagement.
Launched in 1992, SmartMoney, The Wall Street Journal Magazine, offers personal finance and investing analysis, advice and tools; it is owned by Dow Jones & Company.