CSU and CSULB have a long and proud tradition in providing affordable educational access to diverse and underserved populations. We do an excellent job of attracting and preparing a diverse student body that has a high ratio of underserved and first-generation, college-bound students. That part of the story is well-known. But the part of the story that's not as well known-especially when it comes to the College of Engineering-is the tremendous value of that education, and how efficiently we produce graduates who go on to solid and fulfilling careers with tremendous earning power.
In Payscale.com's latest College ROI Report, the CSULB College of Engineering ranks seventh in Best Value Colleges for Engineering Careers. And that ranking improves to fourth if housing is not considered. For the average engineering school, graduates' 20-year net ROI is about $680,000, according to Payscale.com. However, 20-year net ROI for CSULB engineering graduates exceeds that: $743,400, with annual ROI of 12 percent.
Those rankings not only illustrate the economic payoff of an engineering degree, but also underscore how efficiently our College is producing engineers who go on to promising careers, advancing technological innovation and adding to a robust regional economy. As further evidence of the College's efficiency, it ranked fourth in the ratio of BS graduates to faculty in the most recent American Society of Engineering Education (ASEE) statistics.
To put it in system engineering terms, let's look at input (access and inclusion), output (successful graduates with high earning power) and the level of performance (as evidenced by the ratio of graduates to faculty). We have achieved high productivity by offering excellent engineering education enabled by: attracting insightful and dedicated faculty to work with students, some of whom may need extra attention; providing a supportive environment where faculty can teach and students can learn; and monitoring metrics to continually improve programs and student success.
This fall, the College of Engineering-CSULB's third-largest college-is celebrating its highest enrollment-some 4,800 students in nine programs in five departments. As we continue to expand and evolve, the College of Engineering will remain steadfastly dedicated to the mission of developing innovators who design and implement practical solutions to meet the ever-changing societal challenges of today and tomorrow.