Industrial Engineering Degree from New Jersey Institute of Technology Return on Investment

See what the return on investment is for jobs that someone with a Industrial Engineering degree from New Jersey Institute of Technology is likely to work in.

F D C B A
Approximate Total Payment $142,340
Approximate Total Interest $40,287
Monthly Payment $988.47
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 industrial engineering from new jersey institute of technology

Industrial engineers

Projection Rating: B+

Median Annual Wage: $99,380

Percentage of Paycheck to Repay: 11.94%-8.88%

Employment Change: 40.9%

Entry-Level Education: Bachelor's degree

Logisticians

Projection Rating: B

Median Annual Wage: $79,400

Percentage of Paycheck to Repay: 14.94%-11.12%

Employment Change: 45.8%

Entry-Level Education: Bachelor's degree

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Investing in an Industrial Engineering Degree from the New Jersey Institute of Technology (NJIT) offers substantial returns that extend well beyond the classroom. As one of the leading institutions in New Jersey, NJIT provides a comprehensive curriculum that equips students with essential skills in optimization, systems design, and project management, making graduates highly sought after in the job market.

The return on investment (ROI) for obtaining an Industrial Engineering degree from NJIT is impressive. Graduates typically enjoy higher starting salaries compared to their peers in other disciplines. According to recent data, NJIT graduates in industrial engineering can expect starting salaries that are significantly above the national average, reflecting the high demand for skilled professionals in this field.

Moreover, NJIT's strong industry connections and robust career services ensure that students have access to internships and job placements, further enhancing their employability. Many alumni have successfully transitioned into leading roles within renowned companies, benefiting from the extensive network that NJIT fosters.

In addition to financial benefits, an Industrial Engineering degree from NJIT offers a pathway to diverse career opportunities. Graduates find themselves in various sectors, including manufacturing, healthcare, logistics, and technology, allowing them to choose a career path that aligns with their interests and goals.

Furthermore, NJIT emphasizes hands-on learning and real-world applications, providing students with projects and experiences that prepare them for the challenges they will face in their careers. This practical approach not only enhances learning but also increases job readiness, further elevating the ROI of the program.

In summary, pursuing an Industrial Engineering degree from the New Jersey Institute of Technology is a strategic decision that promises a strong return on investment. With competitive salaries, a wealth of career opportunities, and a strong support system, NJIT graduates are well-positioned to achieve their professional aspirations and contribute meaningfully to their industries.

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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