Mechanical Engineering Degree from Old Dominion University Return on Investment
See what the return on investment is for jobs that someone with a Mechanical Engineering degree from Old Dominion University is likely to work in.
Top job projections for graduates in mechanical engineering from old dominion university
Mechanical engineers
Projection Rating: A-
Median Annual Wage: $99,510
Percentage of Paycheck to Repay: 8.85%-6.59%
Employment Change: 32.1%
Entry-Level Education: Bachelor's degree
Aerospace engineers
Projection Rating: A-
Median Annual Wage: $130,720
Percentage of Paycheck to Repay: 6.74%-5.02%
Employment Change: 4.1%
Entry-Level Education: Bachelor's degree
The Mechanical Engineering Degree from Old Dominion University (ODU) offers a compelling return on investment (ROI) for students pursuing a career in one of the most versatile and in-demand engineering fields. With a curriculum designed to equip students with both theoretical knowledge and practical skills, ODU's program prepares graduates for a successful career in various industries, including aerospace, automotive, manufacturing, and energy.
Investing in a mechanical engineering degree is not just about the cost of tuition; it’s about the potential for a rewarding career and financial stability. Graduates from ODU can expect to see a significant increase in earning potential compared to those without a degree. According to recent data, the average starting salary for mechanical engineering graduates is competitive, often exceeding $70,000 annually, with experienced professionals earning upwards of $100,000 or more.
In addition to high starting salaries, mechanical engineers enjoy strong job growth prospects. The U.S. Bureau of Labor Statistics projects that employment for mechanical engineers will grow by 4% from 2020 to 2030, highlighting the ongoing demand for skilled professionals in this field. By choosing ODU, students not only gain a quality education but also position themselves favorably in a competitive job market.
Furthermore, ODU's mechanical engineering program offers access to cutting-edge research opportunities, industry partnerships, and internships that enhance students' learning experiences and employability. These practical experiences are invaluable, providing students with real-world applications of their studies and making them more attractive to potential employers.
When evaluating the return on investment of a mechanical engineering degree from Old Dominion University, it’s essential to consider the long-term benefits: a solid salary, job stability, and opportunities for advancement in a dynamic field. With ODU's strong reputation and commitment to student success, investing in a mechanical engineering degree here is a strategic move that can lead to a prosperous future.
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.