Business Administration and Management Degree from Springfield Technical Community College Return on Investment

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

F D C B A
Approximate Total Payment $65,741
Approximate Total Interest $18,607
Monthly Payment $456.54
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 springfield technical community college

Administrative services managers

Projection Rating: A-

Median Annual Wage: $106,470

Percentage of Paycheck to Repay: 5.15%-3.83%

Employment Change: 16%

Entry-Level Education: Bachelor's degree

Management analysts

Projection Rating: A-

Median Annual Wage: $99,410

Percentage of Paycheck to Repay: 5.51%-4.10%

Employment Change: 107.9%

Entry-Level Education: Bachelor's degree

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The Business Administration and Management Degree from Springfield Technical Community College (STCC) offers an exceptional return on investment (ROI) for students looking to advance their careers in the dynamic world of business. This degree equips graduates with essential skills in management, finance, marketing, and operations, making them highly sought after by employers.

One of the standout features of STCC’s program is its affordability. With lower tuition rates compared to many four-year institutions, students can earn a quality education without accumulating significant debt. This cost-effectiveness translates into a faster path to a rewarding career, enhancing the overall ROI.

Graduates of the Business Administration and Management program often see a significant increase in their earning potential. According to recent statistics, individuals with this degree can earn up to 30% more than those without a higher education credential. This increase in salary, combined with the lower cost of education, makes the financial outlook for STCC graduates exceptionally bright.

Moreover, the program offers practical, hands-on experience through internships and real-world projects, allowing students to build valuable connections in the business community. These opportunities not only enhance learning but also improve employability, further maximizing the ROI.

Additionally, STCC provides robust career support services, including job placement assistance and resume workshops. This support ensures that graduates are well-prepared to enter the job market, increasing their chances of securing high-paying positions right out of college.

In summary, pursuing a Business Administration and Management Degree from Springfield Technical Community College is a smart investment for your future. With its affordable tuition, high earning potential, and comprehensive support services, STCC graduates can expect a strong return on their educational investment, positioning themselves for long-term success in the business world.

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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