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  • 1. Whats the News About U. S. News 2013 Best College Rankings? Office of Analytic Support and Institutional Research November 18, 2013

2. Multiple LensesAmericas Top CollegesWashington MONTHLY College GuideBest Values In Private Colleges 3. INTROSPECTION The CIRP Freshman Survey National Survey of Student EngagementStudent Satisfaction Inventory Workplace Climate Surveys The Presidents Survey of Faculty HERI Faculty Survey And more! 4. USNWR HEADLINES Grinnells Overall Rank - Up by 5 from #22 to #17Other 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/retentionOther 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. StilesMore weight (+2.5%) this yearUndergraduate 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 2011Note: 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 counselorsIn 2013, less weight (-2.5%) on selectivity and within this parameter, less weight on class rank and more on test scoresRank Overall ScoreGraduation 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 2011Alumni 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 ten20.0%0.0%Grinnell 8. USNWR Trends - Grinnell College Source: USNWR Rankings, September, 2013 R. Stiles September 10, 2013Year Overall Rank1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 201304.4Grad/retention rank4.3 5Faculty resources rank4.2 Selectivity rank4.1 10Financial resources rank153.9Rank3.8 203.7 3.6253.5 3.430 3.3 353.2 3.1403.0Undergraduate academic reputation index4.0 Alumni giving rank Undergrad academic reputationNote: 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 + 0.75485.0%80.0%Freshmen in Top 10 Percent of Class75.0%y = 0.005x + 0.663Top 10 11 to 2070.0%21 to 30 y = 0.006x + 0.567 y = 0.002x + 0.61465.0%31 to 40 Grinnell Linear (Top 10)y = 0.006x + 0.51760.0%Linear (11 to 20) Linear (21 to 30) Linear (31 to 40)55.0%Linear (Grinnell)50.0%45.0%40.0% 19992000200120022003200420052006200720082009201020112012 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 choice85% 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 CollegeUSNWR RankPayScale RankColorado31291Grinnell17366Oberlin25218Are PayScale.com data credible? What are the implications of these rankings for Grinnell? 12. $120,000Harvey 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 WoosterPayscale.com Starting and Mid-Career Salaries - 2013 Salaries are for those who have chosen not to complete graduate studies$160,000$140,000Grinnell- 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)$100,000Std Dev = $15,109$80,000 Starting SalaryMid-Career$60,000Start AvgMid Avg$40,000Std 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 nn"Typical Starting Salary" "Typical Mid-Career Salary"6 35 23 23 10 97GrinnellMid-Career Median Salary n $ 45,500 $ 41,645 $ 54,496 $ 71,899 $ 68,550$ $41,800 80,5003 36 22 19 9 89Oberlin Mid-Career Median Salary n $ 47,000 $ 39,995 $ 69,466 $ 85,552 $ 93,000$ $44,000 77,4007 47 27 18 13 112Mid-Career Median Salary $ 45,000 $ 48,796 $ 64,394 $ 81,077 $ 103,042$ $38,800 83,900167 "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 valuesData 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 ReedFORBES Pomona Swarthmore Amherst Bowdoin Washington and Lee Davidson Carleton Oberlin Grinnell Reed Colorado MacalesterWASH MO Carleton Swarthmore Pomona Grinnell Reed Macalester Oberlin Amherst Davidson Colorado Washington and Lee BowdoinKIPLINGERS Swarthmore Pomona Washington and Lee Amherst Bowdoin Davidson Colorado Grinnell Carleton Macalester Oberlin Reed 16. 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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