Business Administration and Management Degree from Drake University Return on Investment

See what the return on investment is for jobs that someone with a Business Administration and Management degree from Drake University is likely to work in.

F D C B A
Approximate Total Payment $223,210
Approximate Total Interest $63,176
Monthly Payment $1550.07
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 business administration and management from drake university

Administrative services managers

Projection Rating: B-

Median Annual Wage: $106,470

Percentage of Paycheck to Repay: 17.47%-13.00%

Employment Change: 16%

Entry-Level Education: Bachelor's degree

Management analysts

Projection Rating: B-

Median Annual Wage: $99,410

Percentage of Paycheck to Repay: 18.71%-13.92%

Employment Change: 107.9%

Entry-Level Education: Bachelor's degree

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Investing in your education is a significant decision, and understanding the return on investment (ROI) of a Business Administration and Management degree from Drake University is crucial for prospective students. Drake University, located in Des Moines, Iowa, offers a comprehensive program that equips students with essential skills in leadership, finance, marketing, and strategic planning. But how does this translate into financial and career benefits?

First and foremost, the ROI of a Drake University degree is reflected in the earning potential of its graduates. According to recent statistics, alumni with a Business Administration and Management degree from Drake enjoy competitive salaries that often exceed regional averages. With a strong emphasis on experiential learning, students engage in internships and networking opportunities that enhance their employability upon graduation.

Moreover, Drake’s robust career services support students in securing positions with top companies across various industries. Graduates often report seamless transitions into the workforce, with many landing jobs within months of graduation. The university's strong connections with local businesses and national corporations provide an invaluable advantage in job placement.

Additionally, the skills acquired through the program prepare students for leadership roles, driving long-term career growth. Graduates find themselves well-equipped to climb the corporate ladder, with many reporting promotions and increased responsibilities within a few years of entering the job market.

Another aspect to consider is the cost of the degree versus the lifetime earnings it generates. While tuition and fees are an important factor, Drake University’s commitment to student success and its high job placement rates contribute to a favorable ROI. Many graduates find that their initial investment in education pays off significantly over time, leading to financial stability and career fulfillment.

In conclusion, a Business Administration and Management degree from Drake University offers a strong return on investment by combining a quality education, high earning potential, and excellent job placement rates. For those looking to advance their careers and enhance their earning potential, Drake University stands out as a solid choice in higher education.

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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