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Page 1: Usnwr alums

What’s the News About U. S. News 2013 Best College Rankings?

Office of Analytic Support and Institutional Research

November 18, 2013

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America’s Top Colleges

Best Values In Private Colleges

WashingtonMONTHLY

College Guide

Multiple Lenses

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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!

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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%)

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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

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US News and World Report Ranking System 2013Source: USNWR Rankings, September 2013

R. Stiles

Rank

Overall Score

Undergraduate AcademicReputation

(22.5%)

Graduation/Retention

Rank(22.5%)

FacultyResources

Rank(20%)

SelectivityRank

Fall 2011(12.5%)

FinancialResources

Rank(10%)

AlumniGivingRank(5%)

GraduationRate

Performance(7.5%)

SAT/ACT (65%) fall 2011Top 10% of HS class (25%) fall 2011Acceptance rate (10%) fall 2011

Avg 6-year grad rate (80%)for fall 2003 through fall2006 freshmen

Avg fresh ret rate (20%)for fall 2008 through fall2011

Faculty compensation (35%) AY12&AY13 avgClasses < 20 students (30%) fall 2012% terminal degree (15%) AY13 Classes ≥ 50 students (10%) fall 2011% FT faculty (5%) AY13Student/faculty ratio (5%) fall 2012

Note: 66.7 % based on 1 to 5 ratings of presidents, provosts and deans of admissions; 33.3% basedon high school counselors’ ratingsSpring 2013; 2-yr avg for counselors

Note: this indicator reflects the difference between USNWR predicted and actual graduation rates for students entering in fall 2006

Average per-full-time student spending on instruction, research,public service, academic support,student services and instructional support in the 2011-2012 fiscal years.

Average percentageof living alumni withBachelors degreeswho gave during09-10 and 10-11;“A proxy for how satisfiedstudents are with the school.”

In 2013, less weight (-2.5%) on selectivity and within thisparameter, less weight on classrank and more on test scores

More weight (+2.5%)this year

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Peer assessment score

H S counselor assessment score

Average freshman retention rate

Actual Graduation Rate

% of classes under 20 ('12)

% of classes of 50 or more ('12)

Freshmen in top 10% of HS class ('12)

Acceptance rate ('12)

Average alumni giving rate

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

Average Values Within USNWR Bands and Grinnell Values 2013Source: USNWR 2013, September 2013

Top 102nd ten3rd ten4th tenGrinnell

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1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 20130

5

10

15

20

25

30

35

40 3.0

3.1

3.2

3.3

3.4

3.5

3.6

3.7

3.8

3.9

4.0

4.1

4.2

4.3

4.4

USNWR Trends - Grinnell CollegeSource: USNWR Rankings, September, 2013

R. Stiles September 10, 2013

Overall Rank

Grad/retention rank

Faculty resources rank

Selectivity rank

Financial resources rank

Alumni giving rank

Undergrad academic reputation

Year

Ra

nk

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der

gra

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ate

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dex

Note:Military academies included with liberal arts in 2007 - thishas had a negative effect onGrinnell's ranks since then. In2013, only the Naval Academywas ranked higher than Grinnell.

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1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 201240.0%

45.0%

50.0%

55.0%

60.0%

65.0%

70.0%

75.0%

80.0%

85.0%

90.0%

f(x) = 0.00767692307692307 x + 0.754272283272283

f(x) = 0.00547472527472528 x + 0.663010989010989

f(x) = 0.00675904095904096 x + 0.567482517482518

f(x) = 0.00664175824175824 x + 0.517043956043956

f(x) = 0.00268131868131868 x + 0.614175824175824

USNWR Selectivity Trends - Top 10% of HS Class

Top 10Linear (Top 10)11 to 20Linear (11 to 20)21 to 30Linear (21 to 30)31 to 40Linear (31 to 40)GrinnellLinear (Grinnell)

Fres

hmen

in T

op 1

0 Pe

rcen

t of C

lass

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What Grinnell First-Years Say About the Importance of RankingsSource: CIRP Freshman Survey 2012

Rankings are # 10 among 23 “Very Important”

reasons for choosing Grinnell

#1 was “Academic Reputation”

26% of our studentsnoted rankings as one

of the “Very Important”reasons for their

college choice

85% notedacademic reputationas “Very Important”

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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?

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Payscale.com Starting and Mid-Career Salaries - 2013Salaries are for those who have chosen not to complete graduate stud-

ies

Starting SalaryMid-CareerStart AvgMid Avg

Std Dev = $15,109

Std Dev = $6,287

Grinnellsample 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)

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Data Quality Issues:- Biased sample; self-selection, non-representative- Small sample; large confidence intervals

PayScale.com Salary Data - Sample Size and Years of Experience DistributionColorado Grinnell Oberlin

Years of experience n

Mid-Career Median Salary n

Mid-Career Median Salary n

Mid-Career Median Salary

Less than 1 6 45,500$ 3 47,000$ 7 45,000$ 1 through 4 35 41,645$ 36 39,995$ 47 48,796$ 5 through 9 23 54,496$ 22 69,466$ 27 64,394$ 10 through 19 23 71,899$ 19 85,552$ 18 81,077$ Greater than 20 10 68,550$ 9 93,000$ 13 103,042$ Total n 97 89 112

"Typical Starting Salary" 41,800$ 44,000$ 38,800$ "Typical Mid-Career Salary" 80,500$ 77,400$ 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

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CAUTIONS ABOUT RANKINGS

“U.S. News' College Rankings Are Terrible -- But It's Not (Completely) Their Fault”

Tom AllisonPolicy and Research Manager, Young Invincibles

Huffington PostSeptember 6, 2013

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USNWR FORBES WASH MO KIPLINGERSAmherst Pomona Carleton SwarthmoreSwarthmore Swarthmore Swarthmore PomonaBowdoin Amherst Pomona Washington and LeePomona Bowdoin Grinnell AmherstCarleton Washington and Lee Reed BowdoinDavidson Davidson Macalester DavidsonWashington and Lee Carleton Oberlin ColoradoGrinnell Oberlin Amherst GrinnellMacalester Grinnell Davidson CarletonOberlin Reed Colorado MacalesterColorado Colorado Washington and Lee OberlinReed Macalester Bowdoin Reed

RATING SYSTEMS SUMMARY

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QUESTIONS?

For more information:http://www.library.illinois.edu/sshel/specialcollections/rankings/index.html

http://www.huffingtonpost.com/tom-allison/us-news-college-rankings_b_3874833.html


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