Music Degree from University of Illinois at Chicago Return on Investment

See what the return on investment is for jobs that someone with a Music degree from University of Illinois at Chicago is likely to work in.

F D C B A
Approximate Total Payment $126,812
Approximate Total Interest $35,892
Monthly Payment $880.64
Assumed Loan Type Direct Subsidized
Assumed Repayment Plan Standard Fixed
Assumed Payoff Years 12
Assumed Scholarship Amount $0
Assumed Down Payment $0

Top job projections for graduates in music from university of illinois at chicago

Music directors and composers

Projection Rating: B-

Median Annual Wage: $62,590

Percentage of Paycheck to Repay: 16.88%-12.56%

Employment Change: 1.4%

Entry-Level Education: Bachelor's degree

Musicians and singers

Projection Rating: B-

Median Annual Wage: $58,900

Percentage of Paycheck to Repay: 17.94%-13.35%

Employment Change: 2.1%

Entry-Level Education: No formal educational credential

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When considering a music degree from the University of Illinois at Chicago (UIC), one of the most critical factors to evaluate is the return on investment (ROI) of your educational journey. A music degree not only enriches your artistic and technical skills but also opens numerous career opportunities that can lead to a fulfilling and financially rewarding future.

UIC offers a comprehensive music program that blends theory, performance, and practical experience. Graduates from this program find themselves well-equipped to enter various fields, including music education, performance, music therapy, and sound production. The skills acquired during your studies at UIC can significantly enhance your employability in a competitive job market.

One of the standout features of the UIC music program is its commitment to providing students with hands-on experience through internships, performances, and collaborations with local musicians and organizations. This practical exposure not only helps in building a robust portfolio but also establishes valuable industry connections, further driving up your potential earnings post-graduation.

According to recent data, graduates with music degrees from UIC report a higher average starting salary compared to national averages for music graduates. The strategic location of UIC in Chicago, a vibrant hub for arts and culture, creates additional opportunities for networking and employment in the music industry. Furthermore, the university's strong alumni network can be an invaluable resource for job placement and career advancement.

Investing in a music degree from UIC is not just about the immediate financial return; it’s also about the lifelong benefits of pursuing a passion while gaining skills that are transferable across various industries. The education you receive at UIC will empower you to adapt and thrive in an ever-evolving job market.

In summary, a music degree from the University of Illinois at Chicago offers a promising return on investment. With its rich curriculum, hands-on opportunities, and strong industry connections, UIC prepares its graduates to succeed in a fulfilling career while maximizing their earning potential. If you’re passionate about music and looking for a degree that pays off in more ways than one, UIC could be the perfect choice for you.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.

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