Anyone with a mind for business has the same question about university: What’s the return on my investment? 28,400 in college student debt, will that stake pay back in a lifetime of higher earnings? Economists agree that a college degree pays off generally, but new research from PayScale has even better news for students planning on majoring in business: You don’t have to go to a expensive private school to reap the biggest return. Actually, you’re better off at circumstances college often.
The best profits on return for business majors? An education at the University of California-Berkeley (which overall ranks as the 13th best college value in MONEY’s Best Colleges list). Apparently the road to business success is lined with Birkenstocks. 1,133,100 return on investment over twenty years. Precocious young investors might see those amounts a different way: That’s a 12.2% annualized ROI. All the best discovering that type or kind of come back in the currency markets. And nine more public schools make the very best 25 list: University of Virginia, University of North Carolina, Rutgers, University of Washington, UCLA, SUNY at Binghamton, Georgia Institute of Technology, University of California-San Diego, and Cal Poly.
Why do open public institutions fare so well? “It’s likely a combo of lower tuition costs and location,” Lydia Frank of PayScale creates within an email. “You’ll notice that lots of the public colleges that rank well on that list are positioned in places like California where incomes have a tendency to be higher.