First off, congratulations to all who got accepted to the class of 2025! As much as I’d love to see UChicago skyrocket in all sorts of college rankings, prestige in the general public, and popularity among high schoolers, one thing that bothers me as a prospective parent is how low the school’s ROI is compared to its peer institutions (Ivy+) and it seems like a topic that few on this board had ever bothered discussing.
On the payscale college rankings, Uchicago is ranked 222nd in the college ROI report and 72nd in salary. (You can google for the link)
The lowest-ranked ivy, Dartmouth, is ranked #56 with a $668,000 20-year ROI, while Chicago has a 20 year ROI of $436,000, ranked #226, worse than Northwestern, Washington University in St. Louis, Vanderbilt, Rice, Emory, Notre Dame, Berkeley, Georgetown, UCLA or just about every “T20”. For UChicago, this figure seems embarrassingly low for an institution of its caliber.
Top schools on the US News ranking:
MIT #2 $1,123,000
Caltech #11 $919,000
Princeton #15 $879,000
Stanford #18 $840,000
Harvard #19 $821,000
Penn #30 $774,000
Yale #31 $749,000
Columbia #32 $741,000
Duke #60 $659,000
Cornell #44 $701,000
Brown #52 $672,000
Dartmouth #56 $668,000
Johns Hopkins #82 $600,000
Northwestern #174 $481,000
Chicago #226 $436,000
I know there’s a lot of criticism on the Payscale rankings and I personally agree that the self-reporting mechanism is quite inaccurate, but in a more authoritative Georgetown ROI study (also publicly available), the results are about the same. Chicago is ranked #1080 (!) for a 10-year ROI, #151 for a 15-year ROI, #92 for a 20-year ROI, #72 for a 30-year ROI, and #70 for a 40-year ROI of $1,420,000, about the same as George Washington, Lafayette, and Bucknell. The only school we have a decisive advantage over in all metrics is Brown.
Rankings for schools Chicago considers as peers:
Early Career (10-year):
MIT #20 $311,000
Stanford #21 $307,000
Harvard #37 $286,000
Princeton #100 $242,000
Penn #135 $222,000
Yale #145 $218,000
Columbia #175 $208,000
Caltech #205 $200,000
Duke #411 $173,000
Northwestern #579 $162,000
Cornell #623 $160,000
Dartmouth #1016 $146,000
Chicago #1080 $144,000
Johns Hopkins #1338 $136,000
Brown #2094 $112,000
(15-year):
MIT #3 $724,000
Stanford #5 $677,000
Harvard #9 $640,000
Penn #23 $561,000
Yale #33 $546,000
Caltech #34 $539,000
Columbia #36 $537,000
Princeton #36 $537,000
Duke #48 $505,000
Cornell #71 $465,000
Dartmouth #85 $444,000
Northwestern #103 $434,000
Johns Hopkins #118 $425,000
Chicago #151 $412,000
Brown #240 $378,000
Mid Career (20-year):
MIT #4 $1,098,000
Stanford #5 $1,013,000
Harvard #8 $960,000
Penn #16 $868,000
Caltech #19 $846,000
Yale #20 $843,000
Columbia #25 $834,000
Duke #32 $807,000
Princeton #36 $803,000
Cornell #51 $740,000
Dartmouth #58 $713,000
Johns Hopkins #68 $687,000
Northwestern #75 $681,000
Chicago #92 $656,000
Brown #126 $619,000
Late Career (40-year):
MIT #4 $2,273,000
Stanford #5 $2,068,000
Harvard #8 $1,967,000
Penn #16 $1,832,000
Caltech #18 $1,810,000
Yale #21 $1,777,000
Columbia #22 $1,769,000
Duke #24 $1,754,000
Princeton #33 $1,642,000
Cornell #36 $1,607,000
Dartmouth #40 $1,561,000
Johns Hopkins #50 $1,508,000
Northwestern #61 $1,455,000
Chicago #70 $1,420,000
Brown #83 $1,377,000
Why does Chicago rank so low compared to its peer institutions in undergraduate earnings-based rankings? I’d expect this figure to be a lot higher since it’s a historically well-respected institution and lots of famous people have passed through the venerated halls of its Hyde Park campus. I’ve also noticed a dearth of recent UChicago college alumni in prominent and publicly visible positions (government, business, law, tech, media, and entertainment) compared to the ivies after doing a thorough Wikipedia search. I don’t think this is a coincidence anyhow. Any particular thoughts on this? I think this merits a good discussion on this forum.