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- 1. What’s the News About U. S. News 2013 Best College Rankings? Office of Analytic Support and Institutional Research November 18, 2013
- 2. Multiple Lenses America’s Top Colleges Washington MONTHLY College Guide Best Values In Private Colleges
- 3. INTROSPECTION The CIRP Freshman Survey National Survey of Student Engagement Student Satisfaction Inventory Workplace Climate Surveys The President’s Survey of Faculty HERI Faculty Survey And more!
- 4. USNWR HEADLINES Grinnell’s Overall Rank - Up by 5 – from #22 to #17 Other Rank Changes (listed in order of magnitude) - Up: Selectivity, faculty resources, financial resources - Down: Alumni giving, academic reputation -but still very high) - No change: Graduation/retention Other Mentions of Grinnell: - Strong commitment to teaching (#3 among liberal arts) Notable undergraduate research Economic diversity (#2 among liberal arts colleges) Best Value college (#7 among liberal arts) Least debt list (#12 among liberal arts) Another New Methodology This Year - Reduced reputational weight (-2.5%) - More graduation/retention weight (+2.5%)
- 5. Sources of US News Data • The Common Data Set - hosted by The College Board - improve sharing and accuracy with standard elements • IPEDS - Integrated Postsecondary Educational Data System - Primary entity for federal collection of data - Covers institution characteristics, finance, financial aid • Campus Offices - Admission - Benefits - Dean - Financial Aid - Registrar - Student Affairs - Treasurer
- 6. US News and World Report Ranking System 2013 Source: USNWR Rankings, September 2013 R. Stiles More weight (+2.5%) this year Undergraduate Academic Reputation (22.5%) Graduation/ Retention Rank (22.5%) Avg 6-year grad rate (80%) for fall 2003 through fall 2006 freshmen Avg fresh ret rate (20%) for fall 2008 through fall 2011 Note: 66.7 % based on 1 to 5 ratings of presidents, provosts and deans of admissions; 33.3% based on high school counselors’ ratings Spring 2013; 2-yr avg for counselors In 2013, less weight (-2.5%) on selectivity and within this parameter, less weight on class rank and more on test scores Rank Overall Score Graduation Rate Performance (7.5%) Faculty Resources Rank (20%) Selectivity Rank Fall 2011 (12.5%) Financial Resources Rank (10%) SAT/ACT (65%) fall 2011 Top 10% of HS class (25%) fall 2011 Acceptance rate (10%) fall 2011 Alumni Giving Rank (5%) Average percentage of living alumni with Bachelors degrees who gave during 09-10 and 10-11; “A proxy for how satisfied students are with the school.” Faculty compensation (35%) AY12&AY13 avg Classes < 20 students (30%) fall 2012 % terminal degree (15%) AY13 Classes ≥ 50 students (10%) fall 2011 % FT faculty (5%) AY13 Student/faculty ratio (5%) fall 2012 Average per-full-time student spending on instruction, research, public service, academic support, Note: this indicator reflects the student services and instructional difference between USNWR support in the 2011-2012 fiscal years. predicted and actual graduation rates for students entering in fall 2006
- 7. Average Values Within USNWR Bands and Grinnell Values 2013 Source: USNWR 2013, September 2013 120.0% 100.0% 80.0% 60.0% Top 10 40.0% 2nd ten 3rd ten 4th ten 20.0% 0.0% Grinnell
- 8. USNWR Trends - Grinnell College Source: USNWR Rankings, September, 2013 R. Stiles September 10, 2013 Year Overall Rank 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 0 4.4 Grad/retention rank 4.3 5 Faculty resources rank 4.2 Selectivity rank 4.1 10 Financial resources rank 15 3.9 Rank 3.8 20 3.7 3.6 25 3.5 3.4 30 3.3 35 3.2 3.1 40 3.0 Undergraduate academic reputation index 4.0 Alumni giving rank Undergrad academic reputation Note: Military academies included with liberal arts in 2007 - this has had a negative effect on Grinnell's ranks since then. In 2013, only the Naval Academy was ranked higher than Grinnell.
- 9. USNWR Selectivity Trends - Top 10% of HS Class 90.0% y = 0.007x + 0.754 85.0% 80.0% Freshmen in Top 10 Percent of Class 75.0% y = 0.005x + 0.663 Top 10 11 to 20 70.0% 21 to 30 y = 0.006x + 0.567 y = 0.002x + 0.614 65.0% 31 to 40 Grinnell Linear (Top 10) y = 0.006x + 0.517 60.0% Linear (11 to 20) Linear (21 to 30) Linear (31 to 40) 55.0% Linear (Grinnell) 50.0% 45.0% 40.0% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
- 10. What Grinnell First-Years Say About the Importance of Rankings Source: CIRP Freshman Survey 2012 Rankings are # 10 among 23 “Very Important” reasons for choosing Grinnell #1 was “Academic Reputation” 26% of our students noted rankings as one of the “Very Important” reasons for their college choice 85% noted academic reputation as “Very Important”
- 11. The PayScale.com Ranking On September 13, 2013 the New York Times published an article in their Business Day Economy section entitled “New Metric for Colleges: Graduates’ Salaries” College USNWR Rank PayScale Rank Colorado 31 291 Grinnell 17 366 Oberlin 25 218 Are PayScale.com data credible? What are the implications of these rankings for Grinnell?
- 12. $120,000 Harvey Mudd Colgate Haverford Washington and Lee Williams Manhattan Swarthmore Carleton Holy Cross Amherst Kenyon Lafayette Bucknell Union Middlebury Dickinson Davidson Pomona Wesleyan Franklin & Marshall Whitman Macalester Colby Bates Gettysburg Reed Lawrence Occidental Depauw Rhodes Vassar Wheaton, IL Oberlin Hamilton Ohio Wesleyan Wheaton, MA Denison Skidmore Colorado Trinity College Wellesley Whittier Trinity University St. Olaf Grinnell St. Lawrence Kalamazoo Beloit Smith Connecticut Bryn Mawr Mount Holyoke Hope Alma Wooster Payscale.com Starting and Mid-Career Salaries - 2013 Salaries are for those who have chosen not to complete graduate studies $160,000 $140,000 Grinnell - sample size = 167 - starting pay is 0.19 std dev below mean ($1,173) - mid-career pay is 0.82 std dev below mean ($12,384) $100,000 Std Dev = $15,109 $80,000 Starting Salary Mid-Career $60,000 Start Avg Mid Avg $40,000 Std Dev = $6,287 $20,000 $0
- 13. PayScale.com Salary Data - Sample Size and Years of Experience Distribution Colorado Years of experience Less than 1 1 through 4 5 through 9 10 through 19 Greater than 20 Total n n "Typical Starting Salary" "Typical Mid-Career Salary" 6 35 23 23 10 97 Grinnell Mid-Career Median Salary n $ 45,500 $ 41,645 $ 54,496 $ 71,899 $ 68,550 $ $ 41,800 80,500 3 36 22 19 9 89 Oberlin Mid-Career Median Salary n $ 47,000 $ 39,995 $ 69,466 $ 85,552 $ 93,000 $ $ 44,000 77,400 7 47 27 18 13 112 Mid-Career Median Salary $ 45,000 $ 48,796 $ 64,394 $ 81,077 $ 103,042 $ $ 38,800 83,900 167 "Starting Employees" have less than 5 years experience; typical is 25 years of age and 2 years experience "Mid-Career Employees" have ten or more years of experience; typical is 42 years of age and 15 years of experience; baccalaureate-level education only Notes: 1. "Typical mid-career salary" is used as the basis for college rankings by PayScale.com; n=167 for Grinnell 2. Years of experience data include those with advanced degrees, thus the higher salary values Data Quality Issues: - Biased sample; self-selection, non-representative - Small sample; large confidence intervals
- 14. CAUTIONS ABOUT RANKINGS “U.S. News' College Rankings Are Terrible -- But It's Not (Completely) Their Fault” Tom Allison Policy and Research Manager, Young Invincibles Huffington Post September 6, 2013
- 15. RATING SYSTEMS SUMMARY USNWR Amherst Swarthmore Bowdoin Pomona Carleton Davidson Washington and Lee Grinnell Macalester Oberlin Colorado Reed FORBES Pomona Swarthmore Amherst Bowdoin Washington and Lee Davidson Carleton Oberlin Grinnell Reed Colorado Macalester WASH MO Carleton Swarthmore Pomona Grinnell Reed Macalester Oberlin Amherst Davidson Colorado Washington and Lee Bowdoin KIPLINGERS Swarthmore Pomona Washington and Lee Amherst Bowdoin Davidson Colorado Grinnell Carleton Macalester Oberlin Reed