The paper compares the worth of public and private university education. We develop a Public-Private University Worth parity index and provide empirical estimations to lend rigour in testing our main hypothesis that the type of university education does not matter in determining salaries and skills' value-added. Using data from a recent questionnaire survey, our proposed parity index suggests that private university graduates have higher salaries, while public university graduates have better skill gains. Nevertheless, after controlling for variables not captured in the index calculations, our empirical estimations show no strong evidence that type of university education drives salaries and gains in skills' value-added. Our paper fills the gap of empirical works that compare public-private university worth, particularly in the context of Malaysia and countries with a similar public-private university education system. Our findings behove policy-makers to de-emphasise the public-private university divide.