Mechanical Engineering Related Technologies Degree from University of Massachusetts – Lowell Return on Investment
See what the return on investment is for jobs that someone with a Mechanical Engineering Related Technologies degree from University of Massachusetts – Lowell is likely to work in.
Top job projections for graduates in mechanical engineering related technologies from university of massachusetts - lowell
Mechanical engineering technologists and technicians
Projection Rating: B-
Median Annual Wage: $64,020
Percentage of Paycheck to Repay: 15.51%-11.54%
Employment Change: 0.8%
Entry-Level Education: Associate's degree
Industrial engineering technologists and technicians
Projection Rating: B-
Median Annual Wage: $62,610
Percentage of Paycheck to Repay: 15.86%-11.80%
Employment Change: 3%
Entry-Level Education: Associate's degree
Investing in your education is one of the most significant decisions you can make for your future, and pursuing a Mechanical Engineering Related Technologies degree from the University of Massachusetts - Lowell is a smart choice with an impressive return on investment (ROI). This program equips students with both foundational engineering principles and advanced technological skills that are in high demand across various industries.
Graduates of the Mechanical Engineering Related Technologies program can expect to enter a job market that offers a wealth of opportunities. The engineering sector is projected to grow steadily, with mechanical engineering jobs expected to increase by 4% over the next decade. This demand translates into competitive salaries, with entry-level positions averaging around $65,000 annually, significantly increasing with experience and specialization.
Moreover, UMass Lowell’s strong connections with industry leaders provide students with invaluable networking opportunities and internships, enhancing their employability and practical experience. Employers recognize the rigorous curriculum and hands-on learning approach of UMass Lowell, making graduates highly sought after in fields such as robotics, aerospace, automotive engineering, and renewable energy.
When considering the total cost of education against potential earnings, the ROI of a Mechanical Engineering Related Technologies degree is substantial. Graduates not only recoup their educational investment quickly but also enjoy long-term career growth and stability. Financial aid options, scholarships, and co-op programs further alleviate the financial burden, making this degree accessible to a diverse range of students.
In conclusion, choosing to study Mechanical Engineering Related Technologies at the University of Massachusetts - Lowell is a strategic investment in your future. With a solid ROI, strong job prospects, and a supportive educational environment, you can feel confident in your decision to pursue this rewarding career path.
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.