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Edited on Thu Aug-06-09 08:51 PM by Scooter24
You know, I love lists. Especially ones based on such fundamentally flawed methodology where you are either laughing your ass off, or scratching your head wondering just how the statisticians were able to come up with such a mess of formula. Anyways, I’ll play devil’s advocate here and give my opinion on this.
Let’s take a look at the formula used at Forbes here-
25% Student Evaluations of course and instructors from RateMyProfessors.com 25% Post-Graduate Success- Determined by enrollment-adjusted entries in Who’s Who in America and average salaries of graduates by Payscale.com
20% Estimated Average Student Debt after 4 years 15% Four-Year Graduation Rate (of which 50% is actual graduation rate, other 50% predicted rate) 15% Number of Students or Faculty (adjusted) who won nationally competitive awards like Rhodes Scholarships or Nobel Prizes. --------------- So one quarter of the ranking is made up by student opinion as based on a website in which anyone can enter an anonymous ranking. Really now?
Another quarter based on post-graduate success. What defines success? Too broad of definition to determine any statistic worth mentioning unless their definition of success is determined by an entry into the “Who’s Who” publication, then that’s just laughable. I suppose they didn’t take into account how many of the West Point students were leaving the military at their earliest chance. Looking at the latest data in 2007, 54% of the Class of 2000 and 46% of the Class of 2001 had already left the service. I suppose for over half the students, the draw here isn’t military service but instead is the free ride at the taxpayer’s expense.
20% Estimated Average Student Debt after 4 years. Looking at the top 2 on the US News rankings, students at Harvard and Princeton both have a relatively low debt load compared to tuition. Harvard students leave with an average of about $8500 and Princeton just over $4300. This is low because both institutions have such large endowments, $30+ Billion and $10+ Billion respectively, which gives them the ability to provide students with grants to cover tuition in place of loans. But I suppose greater weight was given to West Point (as pointed out) because the taxpayer is paying for all their tuition, room and board, medical expenses, and also provides them with an $895/month stipend. I suppose this model leaves out the fact that these students are under contract for 8 years of their lives, 5 active/3 reserve, of which their earnings are much more limited to a scale than the private sector.
15% Four-Year Graduation Rate… I’m sure it’s high amongst all the top tier colleges. I bet it would be higher among the other top colleges if those institutions were paying their students $895/month as well. But I digress…
15% Award Winners. Harvard has the most Nobel winners on faculty (32 in all). Nobel winners by university affiliation (including graduates, attendee or researcher, and academic staff before, after, or at the time of the award.)
Cambridge- 83 U. of Chicago- 82 Columbia- 78 Harvard- 74 MIT- 72 U. of Paris- 59 Oxford- 57 Stanford- 50 U. of California Berkeley- 44 … West Point- 0
As for Rhodes Scholars… I give them props, they are a solid 4th here.
Harvard- 323 Yale- 217 Princeton- 192 West Point- 85
I think even more telling is this statement from the Rhode’s Trust’s website which states-
“We hesitate to publish this due to the ease in which these statistics are misused and misinterpreted, but we do so as lists like this are now widely available but frequently inaccurate.
Please keep in mind though that the Rhodes Scholarship competition has never been a national one, so state and institutional comparisons are not particularly relevant or meaningful.”
I suppose Forbes researchers missed that statement in bold lettering on their statistics page. Moving on…
Let’s take a look at Marshall Scholars-
Harvard- 242 Princeton- 117 Yale- 104 Stanford- 76 MIT- 54 Brown- 43 West Point- 33
Not bad, not bad. Another decade and they might overtake Brown for 6th place. Another century and a few prayers and they might catch MIT. The rapture will be here and gone before they even think of catching Harvard.
I’m not going to even bother with the Truman Scholars.
In closing, judging by the tone of the article, it appears that greater influence was placed on these rankings due to financial incentives. Not surprising since after all this is Forbes. Look at what the academy offers- No tuition, free room and board, paid medical and dental costs, and $895 a month stipend? Obviously West Point is very attractive in this light. What the formula leaves out though is that eight year labor contract you must sign to enjoy those benefits. Given the financially bad times fallen upon many, this article, its tone, and its conclusion isn’t a surprise. However, when you assign the label “Best” to something, I would have expected more than a result where 50% of the score was based on online student opinions and success determined by a biography in a “who’s who” book.
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And just for giggles…. Let’s take a look at the US News methodology which ranks West Point 14th among Liberal Arts colleges due their lack of any formal graduate or research program.
25% Peer Assessment- The U.S. News ranking formula gives greatest weight to the opinions of those in a position to judge a school's undergraduate academic excellence. The peer assessment survey allows the top academics we consult—presidents, provosts, and deans of admissions—to account for intangibles such as faculty dedication to teaching.
20% Retention- The higher the proportion of freshmen who return to campus the following year and eventually graduate, the better a school is apt to be at offering the classes and services students need to succeed. This measure has two components: six-year graduation rate (80 percent of the retention score) and freshman retention rate (20 percent).
20% Faculty Resources- Research shows that the more satisfied students are about their contact with professors, the more they will learn and the more likely it is they will graduate. We use six factors from the 2007-08 academic year to assess a school's commitment to instruction. Class size has two components: the proportion of classes with fewer than 20 students (30 percent of the faculty resources score) and the proportion with 50 or more students (10 percent of the score). In our model, a school benefits more for having a large proportion of classes with fewer than 20 students and a small proportion of large classes. Faculty salary (35 percent) is the average faculty pay, plus benefits, during the 2006-07 and 2007-08 academic years, adjusted for regional differences in the cost of living (using indexes from the consulting firm Runzheimer International). We also weigh the proportion of professors with the highest degree in their fields (15 percent), the student-faculty ratio (5 percent), and the proportion of faculty who are full time (5 percent).
15% Student Selectivity- A school's academic atmosphere is determined in part by the abilities and ambitions of the student body. We therefore factor in test scores of enrollees on the Critical Reading and Math portions of the SAT or Composite ACT score (50 percent of the selectivity score); the proportion of enrolled freshmen who graduated in the top 10 percent of their high school classes or (for institutions in the universities-master's and baccalaureate colleges) the top 25 percent (40 percent); and the acceptance rate, or the ratio of students admitted to applicants (10 percent).
10% Financial Resources- Generous per-student spending indicates that a college can offer a wide variety of programs and services. U.S. News measures financial resources by using the average spending per student on instruction, research, student services, and related educational expenditures in the 2006 and 2007 fiscal years. Spending on sports, dorms, and hospitals doesn't count, only the part of a school's budget that goes toward educating students.
5% Graduation Rate Performance- This indicator of "added value" shows the effect of the college's programs and policies on the graduation rate of students after controlling for spending and student characteristics such as the proportion receiving Pell grants and test scores. We measure the difference between a school's six-year graduation rate for the class that entered in 2001 and the rate we predicted for the class. If the actual graduation rate is higher than the predicted rate, the college is enhancing achievement.
5% Alumni Giving Rate- This reflects the average percentage of living alumni with bachelor's degrees who gave to their school during 2005-06 and 2006-07, which is an indirect measure of student satisfaction.
Finally- I leave you with this quote from West Point’s Director of Terrorism on just how they are able to succeed to the top-
"If you really look at Brown University or Boston College or Stanford, their number one mission is likely not to teach. It's to bring research dollars to the campus … to write the next book that will get them on CNN," James Forest, West Point director of terrorism, told Forbes. "Pressure to be that kind of new academic star isn't there (at West Point)."
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