University of Scranton Degree Ranks in Top 7 Percent A comprehensive analysis of the return on investment (ROI) of college degrees at more than 4,500 colleges in the United States shows the value gains of liberal arts education during the lifetime of a career. The analysis also ranks the ROI of a degree from The University of Scranton among the top 6.1 percent of colleges in the country after 40 years, among the top 7 percent after 30 years and among the top 11 percent after 20 years. The analysis by the Georgetown University Center on Education and the Workforce calculated the 40-year net present value of a University of Scranton degree is $1.133 million, which ranked No. 276 of 4,500 colleges in the nation (top 6.1 percent). The 30-year net present value for a Scranton degree was calculated at $842,000, which ranked at No. 310 in the nation (top 7 percent); and the 20-year net present value of a degree was $488,000, which ranked at No. 489 in the country (top 11 percent). The Center ranked 4,500 colleges based on the net value of the degrees at 10, 20, 30 and 40 years after enrollment using data from the expanded College Scorecard. The analysis, published online in the spring of 2022, looked at the net cost of attendance, which includes tuition, fees, books and supplies, and living expenses, minus aid received from all sources. The Center then calculated the net present value of a degree, which is “a metric that includes costs, future earnings and the length of time it would take to invest and earn a certain amount of money over a fixed horizon.” The analysis found that “bachelor’s degrees from private colleges, on average, have higher ROI than degrees from public colleges 40 years after enrollment. Community colleges and many certificate programs have the highest returns in the short term, 10 years after enrollment, though returns from bachelor’s degrees eventually overtake those of most two-year credentials.” In addition, the analysis showed “the median ROI of liberal arts colleges is nearly $200,000 higher than the median for all colleges. Further, the 40-year median ROI of liberal arts institutions ($918,000) is close to those of four-year engineering and technology-related schools ($917,000), and four-year business and management schools ($913,000).” Scranton has been recognized for its value in other national rankings such as U.S. News & World Report and The Economist. Most recently, Money magazine ranked the University at No. 268 among its selection of just 623 of the nation’s best values for a college education.
University of Scranton to Offer First Ph.D. Degree The University of Scranton’s Board of Trustees have approved the change of the doctoral business administration degree to a Ph.D. in Accounting degree beginning with the 2022-2023 academic year. The curriculum and degree requirements will remain the same. This is the first Ph.D. degree to be offered at Scranton. The business doctoral degree, which the University began in 2017 and graduated its first cohort of students in 2021, has already been internationally recognized when in 2019 the Association to Advance Collegiate Schools of Business (AACSB International) listed the program among the “Innovations and Best Practices in Canada, Latin America and the United States.” The program was recognized for providing a non-traditional research doctoral degree in accounting that “promotes diversity and practice relevance by providing a flexible path for experienced practitioners to gain the knowledge and credentials required to succeed in tenure-track positions at AACSB-accredited institutions.” “The doctoral program was developed in direct response to calls made by the Pathways Commission to transform experienced accounting professionals into exceptional academics and teachers capable of producing original-practice relevant research grounded in the ethical foundation of Scranton’s Jesuit identity,” said Douglas M. Boyle, D.B.A., C.P.A., C.M.A., professor and chair of the University’s Accounting Department and Ph.D. program director “As co-chair of the Implementation Phase of Pathways, the Accounting Ph.D. at The University of Scranton is exactly what we hope institutions would strive to create,” said Mark Higgins, Ph.D., Dean of the Kania School of Management. “We wanted institutions to create terminal degrees that align with an institutions mission and this program does that by incorporating Jesuit values and producing graduates that are capable of publishing in relevant practiced based research in quality journals.” The first and second cohorts of doctoral graduates and faculty have already co-authored and published more than 20 manuscripts in internationally recognized refereed journals with six of the publications winning awards from the Institute of Management Accountants (IMA), including two Lybrand Competition Medals and the Curtis C. Verschoor Ethics Article of the Year. Gregory Kogan ’22 and Joy Chacko ’21 were awarded the Institute of Internal Auditors Michael J. Barrett Doctoral Dissertation Award for their respective years. Scranton’s accounting professors in the program have received numerous awards for teaching and have also been recognized internationally for their research. The 2021 Brigham Young University Accounting Report Update, which annually ranks accounting programs and faculty throughout the world based on their success in publishing in top-tier accounting journals, placed the Accounting Department at The University of Scranton as the fourth most prolific department in the world for accounting education research (excluding cases) over the most recent six-year period. The department was also ranked internationally for all methods, audit and experimental accounting research. With respect to authorships of individual accounting faculty in the area of accounting education reported in the 2021 Update: Dr. Douglas Boyle, was ranked No. 7; and James F. Boyle, D.B.A., C.P.A., associate professor and director of the MAcc program, and Brian W. Carpenter, Ph.D., professor, ranked No. 18 (tied). The doctoral program, housed in the University’s Kania School of Management, also engages renowned scholars from other institutions to advise and serve on dissertation committees. These esteemed faculty members include George W. Krull, Jr., Ph.D., external global strategic advisor for the doctoral program, Dr. Krull served as a partner in the executive office of Grant Thornton LLP and was the firm’s chief learning officer. He has served as an executive-in-residence and professor of accounting at Bradley University where he was awarded emeritus status in 2011. During his distinguished career, Dr. Krull has served with the American Accounting Association (AAA), the Association to Advance Collegiate Schools of Business (AACSB) International, the American Institute of Certified Public Accountants and the Pathways Commission. He was a member of the AACSB International’s Blue Ribbon Committee on Accreditation Quality and has served four terms on the AACSB’s Accounting Accreditation Committee. In 2014, Dr. Krull was recognized as one of one hundred distinguished graduates of Spears School at Oklahoma State during its centennial anniversary celebration, and in 2015 he was inducted into the Spears School Hall of Fame. In 2016, he received the American Accounting Association Outstanding Service AwarStudents currently enrolled in the program and students entering the program for fall 2023 will receive a Ph.D. degree. Students currently enrolled in the program and students entering the program for fall 2023 will receive a Ph.D. degree. For additional information about Scranton’s first Ph.D. program, visit the program’s webpage or contact the Accounting Department at the University at 570-941-4047 or Caitlyn Hollingshead.
The University of Scranton Offers New Online Master’s Degree Specialization The University of Scranton’s online Master of Science in Health Informatics degree will offer a specialization in data analytics, beginning in the fall 2021 semester. Applications are currently being accepted for the program. The curriculum for the master’s degree in health informatics was designed by Scranton faculty, who are active leaders and experts in this burgeoning field. The health informatics program’s mission is to “promote excellence in the Jesuit tradition by preparing graduates in the interdisciplinary field of health informatics to use data, information, knowledge and wisdom to improve health.” Health informatics, data analytics and their associated tools have seen a rapid increase in importance in healthcare due to the current COVID-19 pandemic. This increase comes after a period of amplified interest in big data analysis in healthcare, in an effort to improve patient outcomes and efficiency. A 2019 Leadership survey conducted by the Healthcare Information and Management Systems Society (HIMSS) shows that executive-level leaders at both health information technology vendors and hospitals are now seeing clinical and business analytics as a higher priority than in the past. As a result, the demand for health informaticians who have data analytics, data mining and data visualization skills is increasing. Another HIMSS analysis shows one of the top five job growth areas for health informatics was found to be analytics consultant. Burning Glass Technologies, a job market analysis company, projects positions for health information managers and directors will grow 20.5 percent through 2029, which is more than four times the national average. Master’s-educated professionals in this position earn up to $106,000 annually. The online program with a data analytics specialization includes three courses that are offered by Scranton’s Operations and Information Management Department, requiring the completion of a total of 39-41 credits for the master’s degree in health informatics with this specialization. Two one-credit modules in statistics and management science are also required, but may be waived depending on the student’s background. The additional courses students will take for data analytics specialization will provide an overview of descriptive, predictive and prescriptive analytics, data mining and data visualization. Graduates will be prepared to turn health data into actionable information. Applicants to the graduate program must meet admission requirements. For additional information, visit the Master of Science degree in Health Informatics webpage or contact Margarete L. Zalon, Ph.D., professor of nursing and director of the University’s online Master of Science in Health Informatics Program at Margarete.zalon@scranton.edu or 570-941-7655.
