Much has been publicized lately about the so-called “dollar value” benefits of higher education—an additional $10,000 per year in terms of salary increases for each year of college, according to most surveys. This is in addition to, of course, the benefits of a healthier, happier, and longer life for both graduates and their progeny. And even in these trying economic times, those holding college degrees are still experiencing better employment opportunities and significantly lower unemployment rates than those who earned high school degrees or who did not graduate high school.
But better employability and higher salaries are not the only measurements of a college graduate’s success or the only proof that NYIT degrees offer significant value.
The human capital that students create through university study and reinvest throughout their lifetime often benefits their communities at large in the form of reduced crime, a cleaner environment, and new ideas that lead to overall improvements in the socio-political landscape.
Luckily for all of us, unlike cash or credit, human capital never gets depleted. A college degree facilitates lifelong learning, and in the vast majority of circumstances, human capital outpaces most economic indicators.
And though it may seem a challenge to measure just how human capital benefits society, we need look no
further than to you, our alumni, to see how your NYIT education has contributed to the greater good of the world. As you read this issue of NYIT Magazine, you’ll learn about fellow alumni who are diligently guarding against security breaches that could paralyze our global infrastructure or how NYIT graduates have had the flexibility and foresight to prepare for the Internet’s tremendous impact on the music business.
I also encourage you to read profiles of NYIT alumni dedicated to making the world a better place—through their exemplary work in the fields of architecture, medicine, energy, and other professions—and learn all about our new alumni chapters established in China that enhance our global network of NYIT graduates. All in all, with the commencement of 4,450 new NYIT students this past May, NYIT can now tell about 81,500 stories of how human capital benefits the world.
We also see the seeds of this human capital being sown almost every day at our NYIT campuses. Witness the new solar carport prototypes recently unveiled in New York that could effectively minimize the world’s reliance on oil, the first annual Relay for Life at the Old Westbury campus that raised funds for cancer research, or the health fairs in Manhattan and Old Westbury that invited the public to learn about healthy lifestyles.
In the Middle East, we have the new NYIT Park in Amman, Jordan, for underprivileged children and annual NYIT-Bahrain carnival that donates proceeds to a children’s hospital, as well as a new recycling program at that campus which raises funds for charitable purposes.
We look forward to sharing more examples of how students and graduates capitalize on their NYIT degrees and benefit our global society. Please do share your stories, which we look forward to reading in upcoming issues of this magazine, and do consider sharing your time and knowledge, perhaps, with NYIT students who will no doubt benefit from your experience.
Wishing you continued success,
Edward Guiliano, Ph.D.