net return on investment over a period of 20 years is $887,000, the tenth-highest among US colleges.
Caltech offers Army and Air Force ROTC in cooperation with the University of Southern California.
=== Graduate program ===
Admission to Caltech's graduate study is highly competitive, with faculty evaluating factors such as academic preparation, research experience, scientific interests, and recommendations from teachers or mentors. A key aspect of the admission process is the matching of faculty and an applicant's research interests. Historically, many programs required applicants to submit GRE scores. However, in recent years, many departments have made the GRE optional or no longer require it at all.
The graduate instructional programs emphasize doctoral studies and are dominated by science, technology, engineering, and mathematics fields. The institute offers graduate degree programs for the Master of Science, Engineer's Degree, Doctor of Philosophy, BS/MS and MD/PhD, with the majority of students in the …
