MCPHS University doesn’t have the prestige or name recognition of schools like Stanford, MIT and Harvard University, but a new study gives it bragging rights over those and other schools in an important area: better long-term payoff for graduates.
A Georgetown University Center on Education and the Workforce ranking places MCPHS, which is based in Boston and has a downtown Worcester campus, third nationally at 30- and 40-year payoff — which Georgetown measures as net present value, a measure of costs and future earnings.
The net present value for MCPHS graduates at 30 years is $1.8 million and at 40 years is $2.4 million. Only two other schools, both also with pharmacy programs, rated higher: Albany College of Pharmacy & Health Sciences in New York and St. Louis College of Pharmacy in Missouri.
It’s a longer-term payoff for MCHPS graduates. The 10-year net present value for the school ranks only 93rd of the 4,500 schools rated by Georgetown.
Massachusetts Institute of Technology landed fourth nationally at the 40-year mark, Babson College in Wellesley was seventh, and Harvard University was eighth. Worcester Polytechnic Institute was 28th.
