How to get the option value using the text inside the dropdown?

How to get the option value using the text inside the dropdown?

I would like to get the option value using the text value inside the dropdown.
 
If you look at the code below, I want to retrieve the value "javaAndJ2ee" into var Opt. Not working though.
 
<script>
$(document).ready(function(){
var Opt = $('#modifyType option[text="JAVA AND J2EE"]').val();


//Do Processing
});
</script>



<body>
<select id="modifyType">
<option value="java">JAVA</option>
<option value="javaAndJ2ee">JAVA AND J2EE</option>
</select>
</body>





 
Can you please provide some input on this.