Gregg Hymowitz and other Binghamton University alumni are pleased to learn that the money spent on their college education was not spent frivolously. According to a list recently published by Investor’s Business Daily, Binghamton ties for ninth in the country for return on investment (the earnings per dollar spent while getting an education). The school tied with the University of California-San Diego for ninth place on the top-ten list. Investor’s Business Daily judged each school on a variety of criteria; the national newspaper looked at students’ net pay for the 30 years after earning a bachelor’s degree and what it cost to earn the degree. Data showed that the 2010 cost to complete a degree at the school is estimated to be $73,700 and graduates average a net income of $712,300 30 years after graduation, meaning that Binghampton grads receive a 12.5 percent return on interest. The Georgia Institute of Technology, which holds the top spot on the IBD list, gives students a 13.9 percent ROI.
“This is yet another indication of the value of a Binghamton University degree,” said President C. Peter Magrath in a statement released by the school. “We continue to shine in rankings that consider academic quality and overall value, but this ranking underscores that Binghamton University educates its students to contribute and be productive members of society once they leave campus.”
Gregg Hymowitz graduated from the State University of New York at Binghamton with a BA, Phi Beta Kappa in 1987 before going on to Harvard Law School. There, he earned his Juris Doctorate and graduated Cum Laude.