In the July 15th edition of the Wall Street Journal one of the hot topics is the value of the graduate degree. The Journal’s weekly podcast is also about the value of graduate school. With the post-Covid economy, an obvious question many are asking is Is a Graduate Degree Worth the Debt? According to the Wall Street Journal’s analysis, the answer depends upon the program you choose. Some programs result in high salaries; some in low debt. Especially effective programs produce strong salary outcomes with low debit. They have very low debt to salary ratios.
CICS comes out on top in the debt to income analysis of Master’s programs by the Wall Street Journal. The relative ratios and rankings are reflected in the graphs from the WSJ below:
Dr. Dennis Trinkle, director of CICS notes, that “like its top ITERA and US News and World Report Ranking, the WSJ report is further evidence of the incredible impact and value of a CICS degree.” It is important to note that WSJ states that “[the tool] Shows median debt for graduates in roughly 2015 and 2016, compared to median income two years later. Data isn’t available for programs with few graduates. Figures are only for graduates who borrowed federal loans“. These numbers were established before the CICS online program became available to students across the country. Historically, some of our graduates leave the central Indiana area, a point to consider with the median earnings, but with the addition of the online program for mid-level career professional, students can access the program from anywhere. We have also seen many of our online students transition into new roles during their degree program.
Using the 2015/2016 data, CICS graduates borrowing from the federal loan program reported a .22 income to debt-ratio, the lowest ratio for any program listed. The highly positive ratio shows the powerful combination of CICS graduates high salary potential and low debt in earning the degree.
CICS, for over 35 years, has been a professional degree, not a purely academic degree. We believe in a holistic approach to creating tomorrow’s tech leadership. We are proud of the value that we are able to offer thanks to the stewardship of Ball State University. But, we especially thank our faculty, ranked #1 nationally in two areas on the 2021 US News and World Report rankings. We take pride in our low score category in the same ranking, the admissions requirements for students. We do not require qualifying exams or specific majors. We are confident in the transformative professional program we have and we have over 2,000 alumni who believe in it too.