College Selection the Smart Way: Exploiting Hot Industries, Careers, Regions, Job Clusters and other filters to greatly improve Return on Education Investment, by Rajkamal Rao
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College Selection the Smart Way: Exploiting Hot Industries, Careers, Regions, Job Clusters and other filters to greatly improve Return on Education Investment, by Rajkamal Rao
Best Ebook Online College Selection the Smart Way: Exploiting Hot Industries, Careers, Regions, Job Clusters and other filters to greatly improve Return on Education Investment, by Rajkamal Rao
Going to college is all about pursuing one’s interests and expanding intellectual curiosity, but students need to consider college the same way as people would any other investment - like buying shares of a company’s stock, a car or even a home. Students and families need to carefully analyze what they are likely to get for what they put in, that is, they need to estimate their financial Return on Investment (ROI), in addition to the emotional benefits that a college degree provides. This book shows you that an outcome-based approach can significantly improve ROI versus the traditional methods of choosing colleges based on college rankings, “fit” and other “feel-good” factors. We present simple research tools to help in every aspect of college selection: the location and region you choose, the colleges you eliminate, what you study, how long you take to graduate, how you limit costs (and borrowing), what career you pursue, whether or not you get an internship, which industry you choose to work in and how soon you can get a meaningful job after graduation. Each of these outcomes impacts your ROI. We know, because, we have been perfecting these techniques in the field for over 3 years. For example, we look at US Bureau of Labor Statistics data to select states and regions with low unemployment rates and high GDP growth numbers because we know that students who graduate from such states have a better chance at promising careers. We explore ONET and the US Occupational Handbook to find growing careers in upward-trending industries - so that students can pursue an appropriate education. We look at the SEC's Edgar database to find company concentrations and job clusters - the premise is that if you are educated at a college nearby, you will become a local candidate with specific skills and thereby become a candidate for an internship or a job. Studies have shown that companies like to support local communities. We explain how articulation agreements between two and four year colleges are an under-exploited avenue to get into premier schools via the back door, often at a huge discount. We take strong positions against colleges which aggressively recruit students using commission based recruiting agents (mostly international students). We ask students to stay away from colleges with low graduation rates or with high student debt. We introduce students to innovative ways to finalize schools including using social media tools. But at the core, we use reliable financial analysis tools like ROI, Net Present Value and Internal Rate of Return; and reputed websites that are employed by professionals in government and industry everyday. The only difference is that we adapt these tools to researching colleges. A White House Fact Sheet from Sep 2015 says: "With college costs and student debt on the rise, the choices that American families make when searching for and selecting a college have never been more important. Yet, students struggle to find clear, reliable data on critical questions of college affordability and value, such as whether they are likely to graduate, find middle-class jobs, and pay off their loans." This book squarely addresses the concerns of the White House and delivers a lot more through many examples and case studies to illustrate how to select colleges which provide the biggest bang for the buck.
College Selection the Smart Way: Exploiting Hot Industries, Careers, Regions, Job Clusters and other filters to greatly improve Return on Education Investment, by Rajkamal Rao- Amazon Sales Rank: #3112630 in eBooks
- Published on: 2015-09-30
- Released on: 2015-09-30
- Format: Kindle eBook
Where to Download College Selection the Smart Way: Exploiting Hot Industries, Careers, Regions, Job Clusters and other filters to greatly improve Return on Education Investment, by Rajkamal Rao
Most helpful customer reviews
0 of 0 people found the following review helpful. The writer has done an excellent job analyzing and summarizing various factors that ought to ... By Amazon Customer Wow! The writer has done an excellent job analyzing and summarizing various factors that ought to be considered while applying to graduate schools. One thought kept re-occurring to me while reading this book - If only I had access to such a valuable comprehensive source before applying to grad school!! Using the Return On Investment (ROI) approach to research colleges is an effective means to make college selection. Also, the book identifies various resources available online that can be very useful. I would happily recommend this book as a must read for anyone who is considering studying in the US.
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