College: Does paying more guarantee you a better education?

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The best universities in the world are a frequent source of discussion, but the same names are always included in the list. How much do you have to pay to enter?

Education: Does paying more guarantee you a better education?

Studying at the best university in the world does not guarantee you having one of the best salaries as a professional. At least that comparison can be made taking into account the QS World University Ranking 2019 and a study conducted by Forbes magazine in mid-August of the previous year to schools in the United States.

Leer en español: Universidad: ¿Pagar más te garantiza una mejor educación?

The most recent ranking of the best universities on the planet ranks first, and for the seventh consecutive year, the Massachusetts Institute of Technology (MIT). The list is obtained by weighting the academic reputation, based on surveys of 70 thousand experts in higher education (40%), the prestige of employability of graduates, according to a survey carried out for employers (10%), the teacher-student ratio (20 %), the citations produced during the last five years by the members of the institution (20%) and the ratio of international teaching staff / international students (5%).

The podium is complemented by two other American universities: Stanford University and Harvard University. The North Americans are fighting side by side with the United Kingdom, since the Americans have five universities, while the British four, being the best ranked the Oxford University (5).

But, studying at the best university in the world guarantees you the best salaries? Although you will not have the best remuneration, the truth is that they are among the best paid on the planet. According to Forbes magazine, taking into account the salary of the alumni, the student debt, the experience of the students, the professional achievements of the graduates, the academic success and the graduation rate, Harvard is the best educational center in the country. In the second place is Yale and in third place is Stanford.

Read also: Do you want to earn a lot of money? This is what you should study

How much is the investment?

If you do not have a scholarship, to study in the best university in the world according to the QS ranking, you will have to pay about 47 thousand dollars a year for any programs, according to a report presented by the newspaper El Mercurio de Chile. In the second place, Harvard is located, with a tariff close to 45 thousand dollars a year, a value that resembles the Stanford educational programs, installed in the third place.

Although the values are above what an average student could pay, there is no need to scrutinize the ranking to find something more comfortable in Latin America. In place 73 is the University of Buenos Aires (UBA), the best in the region; followed by the National Autonomous University of Mexico (UNAM), ranked 113, the University of Sao Paulo in Brazil (118), the Pontificia Universidad Católica de Chile (132) and the Technological and Higher Studies Institute of Monterrey - Mexico, in box 178. The best ranked in Colombia is the University of Los Andes (272).

The 10 best in the world

1. Massachusetts Institute of Technology (MIT) - United States
2. Stanford University - United States
3. Harvard University - United States
4. California Institute of Technology (Caltech) - United States
5. University of Oxford - United Kingdom
6. University of Cambridge - United Kingdom
7. ETH Zurich - Swiss Federal Institute of Technology - Switzerland
8. Imperial College London - United Kingdom
9. University of Chicago - United States
10. UCL (University College London) - United Kingdom


LatinAmerican Post | Jorge Hernández

Translated from: 'Universidad: ¿Pagar más te garantiza una mejor educación?'