Bloomberg/Businessweek ranked Georgia Tech number two in the nation, and first in the state of Georgia, in annualized return on investment (ROI) based on the financial return graduates earn from their degree.

According to the survey results compiled by Payscale.com, Georgia Tech graduates receive, on average, a 14.9 percent return on their tuition investment over a 30-year period.

Georgia Tech was one of 24 schools whose graduates earned a net ROI in excess of $1 million over 30 years for their tuition investment. Among this group are CalTech, MIT, Stanford, Harvard and Duke. Tech is on the $1 million net ROI list twice, once for in-state tuition and once for out-of-state tuition.

The return on investment was calculated for more than 850 schools. According to the methodology, the PayScale salary data is self-reported by individuals who use its online pay tools. For each school in the ranking, PayScale collected, on average, about 1,000 pay reports from alumni who graduated with a bachelor’s degree from 1982 to 2011.