Get Off My Lawn said:
Industry self-ranking is a shaping play. What's the "right" metric, anyhow? Mean salary 5 years after grad? % of attendees who get a $60k+ job withing a year of departure? Student debt : income ratio 5 years after final class attendance? Do you include those who got their MRS degrees and didn't enter the workforce? Do you include those who flunked out? What about # of workable (conservative) world views produced?
Or... is it largely metric of party affiliation with some prejudices and bribes sprinkled in?
In 2014 Florida set performance metrics for some of their state university funding. They set 3 basic metrics initially. The first year this was in effect, the best performing schools by the metrics they set were USF and UCF. The metrics were:
- Metric 1: The percent of students who graduated with a bachelor's degree that are either employed or continuing their education after one year of graduation.
- Metric 2: The median average full-time salary of undergraduates employed in Florida one year after graduation.
- Metric 3: Average cost per undergraduate to the institution.
In year 1 of this program, there were only two schools that qualified for the highest funding amount. The top two were USF and UCF, and they got a higher payout than UF and FSU, who qualified for the second tier amount.
It created a **** storm because the legislature, a bunch of FSU and UF grads, didn't want to accept USF or UCF in their club or give them the same level of funding. It was immediately obvious they set it up as a way to try and justify giving more funds to only FSU and UF, that's why they had to change the rules so only those two qualified even though their first year they expected FSU and UF to be the best performing by those 3 metrics.
So the legislature changed the rules, and expanded the number of metrics from 3 to 10, and tailored them so that to nobody's surprise, only FSU and UF met the standard for the highest funding level, and everyone else received less.
This change knocked USF and UCF out of the top and moved FSU and UF ahead, but by 2020, USF became the overall leader by the states own 10 metrics. They are not academic measures but more economic based. They involve number of degrees awarded in areas of strategic interest, and cost of attendance as well as other value metrics and graduate success metrics like the original 3.
But it's a clear example of academic prestige not necessarily translating to post graduation success as much as perceived. Some of this may be UF and FSU are more expensive and graduate more liberal arts with on average lower salary. So their average degree cost vs average new grad salary isn't as good as expected when compared to UCF and USF.