Analisis Rate of Return Investasi Pendidikan di Perguruan Tinggi

Nur Luthfi Ardhian, Sultoni Sultoni, Burhanuddin Burhanuddin

Abstract


Abstract: This research aims to know the feasibility and rate of return of education investment at higher education. The design of this research uses a descriptive-comparative with a quantitative approach. The population consists of 491 respondents at the Department Education Administration, Faculty of Education, State University of Malang. The sample was determined 123 respondents use a purposive random sampling technique. Data were collected used questionnaires in Google Form and analyzed used descriptive-comparative and rate of return techniques. This research shows that the alumni's investment in this Department can be said feasible. Besides, the alumni’s rate of return has differences based on study period and gender.

Abstrak: Penelitian ini ditujukan untuk mengetahui kelayakan dan tingkat pengembalian investasi pendidikan alumni Program Studi Administrasi Pendidikan Fakultas Ilmu Pendidikan Universitas Negeri Malang. Rancangan penelitian ini menggunakan deskriptif-komparatif dengan pendekatan kuantitatif. Populasi terdiri dari 491 orang dan ditetapkan sampel sejumlah 123 orang dengan teknik purposive random sampling. Pengumpulan data menggunakan kuesioner dalam bentuk Google Form, dan dianalisis dengan teknik deskriptif-komparatif serta rate of return. Hasil penelitian ini menunjukkan, bahwa investasi yang dilakukan alumni di Prodi Administrasi Pendidikan FIP UM dapat dikatakan layak. Di samping itu, tingkat pengembalian investasi alumni berbeda berdasarkan masa studi dan jenis kelamin.

Keywords


rate of return; education investment; income; rate of return; investasi pendidikan; pendapatan

Full Text:

PDF

References


Adrian, T.-M., Raluca, S., & Claudia, D. (2010). The Costs and Benefit of Education: A Brief Review. Studies in Business and Economics, Lucian Blaga University of Sibiu, 5(3), 286–293.

Akdon, Kurniady, D. A., & Darmawan, D. (2017). Manajemen Pembiayaan Pendidikan (P. Latifah (ed.)). Bandung: PT Remaja Rosdakarya.

Ardhian, N. L. (2016). Analisis Peluang Money Lost Biaya Pendidikan Mahasiswa Asal Kabupaten Pacitan. Universitas Negeri Malang.

Atmanti, H. D. (2005). Investasi Sumber Daya Manusia melalui Pendidikan. Dinamika Pembangunan, 2(1), 30–39. https://eprints.undip.ac.id/16864

Becker, G. S., Hubbard, W. H. J., & Murphy, K. M. (2010). Explaining the Worldwide Boom in Higher Education of Women. Journal of Human Capital, 4(3), 203–241. https://doi.org/10.1086/657914

Bourne, C., & Dass, A. (2003). Private and Social Rates of Return to Higher Education in Science and Technology in a Caribbean Economy. Education Economics, 11(1), 1–10. https://doi.org/10.1080/0964529032000089553

Brennan, J. (2010). Employability of university graduates and graduate outcomes. International Encyclopedia of Education, 354–359. https://doi.org/10.1016/B978-0-08-044894-7.00826-5

Burhanuddin, Sahertian, P. A., Effendi, A. R., Setyadin, B., & Bafadal, I. (1996). Relevansi Program Studi S-1 Jurusan Administrasi Pendidikan FIP dengan Lapangan Kerja. Ilmu Pendidikan, 23(2).

Coley, A., & Burgess, B. (2003). Gender Differences in Cognitive and Affective Impulse Buying. Journal of Fashion Marketing and Management, 7(3), 282–295. https://doi.org/10.1108/13612020310484834

Dumauli, M. T. (2015). Estimate of The Private Return on Education in Indonesia: Evidence from Sibling Data. International Journal of Educational Development, 42, 14–24. https://doi.org/10.1016/j.ijedudev.2015.02.012

Ebrahimi, M., & Keshavarz, A. (2015). CCHP Evaluation Criteria. Combined Cooling, Heating and Power, 93–102. https://doi.org/10.1016/b978-0-08-099985-2.00003-2

El-Tahir, Y., & El-Otaibi, D. (2014). Internal Rate of Return: A suggested Alternative Formula and its Macro-economics Implications. Journal of American Science, 10(11), 1545–1003.

Enrico, A., Aron, R., & Oktavia, W. (2013). The Factors that Influenced Consumptive Behavior: A Survey of University Students in Jakarta. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2357953

Fattah, N. (2008). Pembiayaan Pendidikan: Landasan Teori dan Studi Empiris. Jurnal Pendidikan Dasar, 9(April), 417–436. https://doi.org/10.4324/9780203463383

Fattah, N. (2012). Ekonomi dan Pembiayaan Pendidikan. PT Remaja Rosdakarya.

Gong, X., Van Soest, A., & Zhang, P. (2005). The effects of the gender of children on expenditure patterns in rural China: A semiparametric analysis. Journal of Applied Econometrics, 20(4), 509–527. https://doi.org/10.1002/jae.780

Irianto, A. (2011). Pendidikan sebagai Investasi dalam Pembangunan Suatu Bangsa. Prenada Media Group.

Jafari, P., & Aliesmaili, A. (2013). Factors Influencing the Selection of a University by High School Students. Journal of Basic and Applied Scientific Research, 3(1), 696–703.

Julianto, D., & Utari, P. A. (2016). Analisa Pengaruh Tingkat Pendidikan terhadap Pendapatan Individu di Sumatera Barat. Ikraith Ekonomika, 2(2), 122–131.

Khanal, S. (2018). Gender discrimination in education expenditure in Nepal: Evidence from living standards surveys. Asian Development Review, 35(1), 155–174. https://doi.org/10.1162/adev_a_00109

Kromydas, T. (2017). Rethinking higher education and its relationship with social inequalities: Past knowledge, present state and future potential. Palgrave Communications, 3(1), 1–11. https://doi.org/10.1057/s41599-017-0001-8

Kurniawati, L., Nurrochmah, S., & Katmawanti, S. (2016). Hubungan Antara Tingkat Pendidikan, Status Pekerjaan, dan Tingkat Pendapatan dengan Usia Perkawinan PErtama Wanita di Kelurahan Kotalama Kecamatan Kedungkandang Kota Malang. Preventia : The Indonesian Journal of Public Health, 1(2), 210. https://doi.org/10.17977/um044v1i2p210-219

Mardiana, C. F. (2017). 63% Orang Indonesia Bekerja Tak Sesuai Jurusan. DetikFinance. https://finance.detik.com/berita-ekonomi-bisnis/d-3620313/63-orang-indonesia-bekerja-tak-sesuai-jurusan

Muhson, A., Wahyuni, D., & Mulyani, E. (2012). Analisis Relevansi Lulusan Perguruan Tinggi. Jurnal Economia, 8(1). https://journal.uny.ac.id/index.php/economia/article/view/800

Patrick, M., & French, N. (2016). The internal rate of return (IRR): projections, benchmarks and pitfalls. Journal of Property Investment and Finance, 34(6), 664–669. https://doi.org/10.1108/JPIF-07-2016-0059

Pertiwi, P. (2015). Analisis Faktor-Faktor Yang Mempengaruhi Pendapatan Tenaga Kerja Di Daerah Istimewa Yogyakarta [Universitas Gadjah Mada]. https://dspace.uii.ac.id/handle/123456789/7697

Potelienė, S., & Tamasauskiene, Z. (2014). The Rate of Return to Investment in Education: A case Study of Lithuania. Wroclaw Review of Law, Administration % Economics, 4(2), 41–55. https://doi.org/10.1515/wrlae-2015-0014

Psacharopoulos, G. (1994a). Returns to Investment in Education: A Global Update. World Development, 22(9), 1325–1343. https://doi.org/10.1016/0305-750X(94)90007-8

Psacharopoulos, G. (1994b). Returns to Investment in Education:A Global Update. World Development, 22(9), 1325–1343.

Psacharopoulos, G., & Patrinos, H. A. (2018). Returns to Investment in Education: A Decennial Review of the Global Literature. Education Economics, 26(5), 445–458. https://doi.org/10.1080/09645292.2018.1484426

Purnastuti, L., Wahyuni, D., & Mustofa. (2015). Analisis Tingkat Pengembalian Investasi Pendidikan di Daerah Istimewa Yogyakarta. Prosiding Seminar Nasional, 797–806.

Reniers, G., Talarico, L., & Paltrinieri, N. (2016). Cost-Benefit Analysis of Safety Measures. In Dynamic Risk Analysis in the Chemical and Petroleum Industry: Evolution and Interaction with Parallel Disciplines in the Perspective of Industrial Application. Elsevier Inc. https://doi.org/10.1016/B978-0-12-803765-2.00016-0

Sari, D. (2014). Analisis Perbandingan Expenditure Mahasiswa Strata I Universitas Negeri Malang dan Universitas Negeri Surabaya. Universitas Negeri Malang.

Sari, D. E., Tiara, Narimo, S., & Saputra, R. C. (2020). The Effect of Financial Literacy and Pocket Money on Consumer Behavior of Universitas Muhammadiyah Surakarta (UMS) Students. International Journal of Scientific and Technology Research, 9(2), 4235–4237.

Setyadin, B. (2009). Pendidikan Gratis dan Problematikanya. FIP Universitas Negeri Malang.

Stark, A. (2007). Which Fields Pay, Which Fields Don’t? An Examination of the Returns to University Education in Canada by Detailed Field of Study. Economic Studies and Policy Analysis Division, February, 197–208.

Suhardan, D., Riduwan., & Enas. (2014). Ekonomi dan Pembiayaan Pendidikan. Bandung: Alfabeta.

Supriadi, D. (2003). Satuan Biaya Pendidikan Dasar dan Menengah, Rujukan Bagi Penentuan Kebijakan Pembiayaan Pendidikan Pada Era Otonomi dan Manajemen Berbasis Sekolah. Bandung: PT Remaja Rosdakarya.

Tirumalai, A., & Kumari, B. (2017). Factors that Influence Undergraduate Students ’ Choice of a University : A Case of Botho University in Botswana. International Journal of Learning and Development, 7(2). https://doi.org/10.5296/ijld.v7i2.10577

Trostel, P., Walker, I., & Wooley, P. (2002). Estimates of The Economic Return to Schooling for 28 Countries. Labour Economics, 9(2002), 1–16. https://doi.org/10.1016/S0927-5371(01)00052-5




DOI: http://dx.doi.org/10.17977/jptpp.v6i3.14615

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 Nur Luthfi Ardhian, Sultoni Sultoni, Burhanuddin Burhanuddin

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.


JPtpp is accredited “Rank 3” as a scientific journal under the decree of the Directorate General of Research Enhancement and Development, Ministry of Research, Technology, and Higher Education, dated December 7, 2022, No: 225/E/KPT/2022, effective for five years from Volume 7 Issue 8, 2022 until Volume 12 Issue 7, 2027. Link to download


Jurnal Pendidikan: Teori, Penelitian, & Pengembangan

Journal of Education: Theory, Research, and Development

Graduate School Of Universitas Negeri Malang

Lisensi Creative Commons

JPtpp is licensed under Creative Commons Attribution-ShareAlike 4.0 International License