U.S. News & World Report’s Best Colleges 2014 Edition has once again named NJIT to the top tier of national universities for its range of undergraduate majors and master's and doctoral degrees. This year, NJIT was ranked 150th out of the 200+ institutions earning the distinction of top national universities. NJIT also ranked 6th in the nation for ethnic diversity.U.S. News uses opinion and statistical data as indicators of academic quality. Among the criteria for scoring institutions of higher education are graduation rates, student retention rates, admissions selectivity, class sizes, faculty resources, student/faculty ratio, reputational ratings, and other measures.
In less than a decade, NJIT has moved from a solid, well-regarded local institution to a top-ranked public university distinguished by excellence in education and research and recognized in New Jersey as a leader in the region’s economic and intellectual development.
NJIT’s evolution continues this year with a cadre of faculty additions totaling more than 30 new professors on campus with exceptional, multidisciplinary expertise in such areas as sustainable design, biomaterials and mechatronics.
More good news:
• The new 214,000 square foot Warren Street Village complex which adds 600 beds to NJIT’s existing housing inventory opened last week. The complex, which was constructed in less than 18 months, includes the six-story Dorman Residential Honors College plus five duplex homes to house 10 or more Greek organizations. It features dining services, a convenience store and fitness center for the university community. The Village is the first phase of the Gateway Project, a multifaceted plan to revitalize and enhance Newark’s University Heights district with improved amenities.
• Some $100 million in new construction– funded in part by grants from the New Jersey Higher Education Bond Act—is transforming NJIT’s Newark campus into the centerpiece of a vibrant campus neighborhood, a state-of-the-art STEM teaching and learning hub, and a major life sciences research center that will support New Jersey’s biotechnology and pharmaceutical industries.
• Much of the funding will transform the Central King Building, the former Central High School, which will be redesigned and renovated to become a hub for STEM education and research and include other centers. Other improvements include a central auditorium and exhibit space in which student projects can be viewed and demonstrated.
• A $13.5 million expansion of the York Center will provide lab space for 50 additional researchers in the “Integrative Life Science and Engineering Laboratory” that will advance NJIT’s commitment to applying tools and technologies from virtually every academic discipline to innovation in the related industries of biotechnology, pharmaceuticals and medical devices.
• NJIT manages and operates Big Bear Solar Observatory, the world’s largest aperture solar telescope.
• The NJIT Enterprise Development Center, the state’s oldest and largest business incubator, supports 90 resident companies with 800 employees, including 300 NJIT students, $82 million in expenditures and $67 million in third-party funding
NJIT continues to demonstrate the value of its educational offerings in science, technology, engineering and mathematics (STEM), according to the latest 2013 PayScale college rankings for return on investment (ROI). NJIT is 6th (top 1 percent) among 437 public universities and 27th (top 2 percent) among 1,511 public and private institutions in the U.S. This ranking continues a history of steady improvement in NJIT’s value. Last year NJIT ranked 9th among public universities and 59th overall; in 2011, NJIT was 14th among public schools and 76th overall.
Other notable rankings include:
• AffordableCollegesOnline.org (ACO) released its “Million Dollar ROI” rankings for 2013, a list of public universities whose graduates out-earn non-degree holders by at least one million dollars during their careers. NJIT has been ranked sixth on the list of institutions that make up the top 1 percent of U.S. colleges as measured by return on investment (ROI).
• Business Insider ranked NJIT third in its recent listing of the 25 “most underrated colleges in America.” The news site plotted the annual ranking by U.S. News and World Report of the best colleges and universities against PayScale's mid-career salary rank to identify outliers--institutions that outperform their U.S. News rating.
• Forbes has named NJIT one of America’s Top Colleges in 2013. The online guide notes that NJIT, established in 1881 offers 125 undergraduate and graduate degree programs and that the majority of science, technology, engineering and math (STEM) majors are undergraduate with almost 3,000 graduate students.
• According to the 2014 Princeton Review, NJIT is one of the country's best institutions for undergraduate education.
• The newest Fiske Guide to Colleges, a selective, subjective, and systematic look at 300 of the best and most interesting colleges and universities in the U.S., Canada and Britain, features NJIT.