Engineering Degree Return on Investment

Select an institution that offers degrees in Engineering and see the return on investment for jobs in that field.

Abilene Christian University Alabama A & M University Arizona State University – Polytechnic Arizona State University – Tempe Arizona Western College Arkansas State University – Main Campus Arkansas Tech University Auburn University Ball State University Baylor University Beloit College Benedictine College Berkshire Community College Bob Jones University Bossier Parish Community College Boston University Brown University Bunker Hill Community College California Baptist University California Institute of Technology California Polytechnic State University – San Luis Obispo California State Polytechnic University – Pomona California State University – Chico California State University – East Bay California State University – Fresno California State University – Long Beach California State University – Los Angeles California State University – Northridge Carl Albert State College Carnegie Mellon University Case Western Reserve University Central Arizona College City Colleges of Chicago – Harry S Truman College Clackamas Community College Claremont McKenna College Clemson University Colby Community College College of Staten Island CUNY Collin County Community College District Colorado School of Mines Colorado State University – Fort Collins Colorado State University – Pueblo Cornell University Corning Community College CUNY Borough of Manhattan Community College CUNY Bronx Community College CUNY Kingsborough Community College CUNY Queensborough Community College Dartmouth College Delaware County Community College Drexel University East Carolina University Elizabethtown College Embry – Riddle Aeronautical University – Daytona Beach Fort Lewis College George Fox University George Mason University Gonzaga University Grand Valley State University Hampton University Harvey Mudd College Indiana University – Purdue University – Fort Wayne Indiana University – Purdue University – Indianapolis Jackson College Jackson State University James Madison University Jamestown Community College John Brown University Johns Hopkins University Johnson & Wales University – Providence Keiser University – Ft Lauderdale Laramie County Community College Lawrence Technological University Lehigh Carbon Community College Lehigh University Linn – Benton Community College Lone Star College System Louisiana Tech University Loyola Marymount University Marquette University Massachusetts Maritime Academy McNeese State University Mercer University Miami University – Oxford Michigan State University Michigan Technological University Milwaukee School of Engineering Minnesota State University – Mankato Mississippi State University Missouri University of Science and Technology Montana State University Morgan State University Morrisville State College New Jersey Institute of Technology New Mexico State University – Carlsbad New Mexico State University – Main Campus North Carolina A & T State University Northampton County Area Community College Northeast Community College Northeast Mississippi Community College Northeastern University Northern Arizona University Northern New Mexico College Northern Virginia Community College Northwestern University Oberlin College Ohio Northern University Ohio State University – Main Campus Ohio State University Agricultural Technical Institute Ohio University – Main Campus Oklahoma State University – Main Campus Old Dominion University Olivet Nazarene University Oral Roberts University Oregon Institute of Technology Oregon State University Park University Philadelphia University Portland State University Prairie View A & M University Prince George’s Community College Purdue University – Calumet Campus Purdue University – Main Campus Robert Morris University Rochester Institute of Technology Rose – Hulman Institute of Technology Rowan University Saint Augustine’s University Saint Louis University Saint Mary’s College of California Saint Michael’s College San Diego State University San Francisco State University San Jacinto Community College San Jose State University Santa Clara University Seattle Pacific University Sheridan College Smith College Snow College South Texas College Southern Adventist University Southern Illinois University – Carbondale Southern Methodist University Southern University and A & M College Springfield Technical Community College St Thomas University Stanford University Stony Brook University SUNY at Albany Swarthmore College Temple University Tennessee Technological University Texas Christian University Texas Tech University Thomas Nelson Community College Trinity College Tufts University University at Buffalo University of Alabama at Birmingham University of Alabama in Huntsville University of Alaska Anchorage University of Alaska Fairbanks University of Arizona University of Arkansas University of California – Berkeley University of California – Davis University of California – Irvine University of California – Los Angeles University of California – San Diego University of Cincinnati – Main Campus University of Colorado Boulder University of Colorado Colorado Springs University of Colorado Denver/Anschutz Medical Campus University of Connecticut University of Dayton University of Denver University of Georgia University of Hartford University of Illinois at Chicago University of Illinois at Urbana – Champaign University of Iowa University of Kansas University of Louisiana at Lafayette University of Maryland – College Park University of Massachusetts – Lowell University of Memphis University of Michigan – Ann Arbor University of Minnesota – Twin Cities University of Mississippi University of Missouri – Columbia University of Nebraska – Lincoln University of Nevada – Las Vegas University of Nevada – Reno University of New Haven University of New Mexico – Los Alamos Campus University of New Mexico – Main Campus University of North Carolina at Asheville University of North Carolina at Charlotte University of North Dakota University of Northwestern – St Paul University of Oklahoma – Norman Campus University of Pennsylvania University of Pittsburgh – Pittsburgh Campus University of South Florida – Main Campus University of Southern California University of Southern Indiana University of the Pacific University of Utah University of Vermont University of Virginia – Main Campus University of Washington – Seattle Campus University of Wisconsin – Madison University of Wisconsin – Milwaukee University of Wisconsin – Platteville Virginia Commonwealth University Wake Forest University Washington State University Washington University in St Louis Wayne State University Weber State University West Virginia University Western Illinois University Western Michigan University Worcester Polytechnic Institute Wright State University – Main Campus York College Pennsylvania

When considering an engineering degree, one of the most crucial factors to evaluate is its return on investment (ROI). With the rising costs of higher education, understanding the financial implications of obtaining an engineering degree is essential for prospective students. This article delves into the various aspects that contribute to ROI, including average salaries, job stability, and potential career growth in the engineering field.

Engineering graduates are among the highest paid professionals, with starting salaries often exceeding $70,000 per year, depending on the specialization. Fields such as electrical, computer, and petroleum engineering typically offer even higher average salaries. This initial earning potential makes an engineering degree a lucrative investment when compared to other disciplines.

Job stability is another critical component of the ROI equation. With technology and infrastructure continually evolving, the demand for skilled engineers remains robust. According to the Bureau of Labor Statistics, engineering jobs are projected to grow by 4% over the next decade, translating to job security for graduates. This long-term demand helps ensure that the investment in an engineering degree pays off over time.

Additionally, many engineering roles offer opportunities for advancement, resulting in potential salary increases over the course of a career. Working in engineering often provides a clear path for professional growth, with roles such as senior engineer, project manager, or even executive positions becoming attainable as one gains experience and expertise.

However, it's vital to consider the cost of obtaining an engineering degree. Tuition fees can vary significantly between public and private institutions, and the amount of student debt incurred can impact the overall ROI. Researching scholarship opportunities, financial aid, and part-time work options can help mitigate these costs, enhancing the potential return on investment.

In summary, investing in an engineering degree can yield significant financial returns, making it a prudent choice for students interested in stable and rewarding careers. By carefully weighing the costs against the potential earnings and career prospects, students can make informed decisions that align with their long-term financial goals.

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.