Chemical Engineering Degree from Montana State University Return on Investment

See what the return on investment is for jobs that someone with a Chemical Engineering degree from Montana State University is likely to work in.

F D C B A
Approximate Total Payment $95,243
Approximate Total Interest $26,957
Monthly Payment $661.41
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 chemical engineering from montana state university

Chemical engineers

Projection Rating: A-

Median Annual Wage: $112,100

Percentage of Paycheck to Repay: 7.08%-5.27%

Employment Change: 2.1%

Entry-Level Education: Bachelor's degree

Don't see the job you're looking for? Click here.

When considering a Chemical Engineering Degree from Montana State University (MSU), one of the most critical factors to evaluate is the return on investment (ROI). Investing in your education is a significant decision, and understanding the financial benefits that come with a degree in chemical engineering will help you make an informed choice.

Montana State University offers a comprehensive chemical engineering program that combines theoretical knowledge with practical, hands-on experience. Graduates from MSU are well-prepared to enter the workforce, equipped with the skills and knowledge needed to excel in various industries, including pharmaceuticals, energy, and materials science.

The ROI of a chemical engineering degree from MSU is compelling. Graduates often secure lucrative positions shortly after graduation, with starting salaries that reflect the high demand for skilled engineers in the job market. According to recent statistics, chemical engineering graduates from MSU can expect starting salaries that are significantly above the national average for recent college graduates.

In addition to competitive salaries, a degree from MSU opens doors to a multitude of career opportunities. Chemical engineers are sought after in both the public and private sectors, leading to job stability and growth potential. Many graduates advance into management roles or specialize in areas such as process design, environmental engineering, or research and development, further enhancing their earning potential over time.

The cost of obtaining a chemical engineering degree at MSU is also an important consideration. With various financial aid options, scholarships, and work-study programs available, prospective students can significantly reduce their out-of-pocket expenses. This affordability, coupled with the high earning potential post-graduation, makes the ROI of an MSU chemical engineering degree even more attractive.

Furthermore, MSU’s strong industry connections provide students with invaluable networking opportunities, internships, and job placements, which can accelerate their career trajectory. The university's commitment to fostering innovation and research also means that students are at the forefront of technological advancements, making them highly desirable candidates in the job market.

In conclusion, the return on investment for a Chemical Engineering Degree from Montana State University is substantial. With high starting salaries, diverse career paths, financial support options, and a robust alumni network, graduates can look forward to a promising future in the engineering field. If you are considering a career in chemical engineering, MSU is an excellent choice that offers both academic excellence and a strong ROI.

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.

Get your personalized projection here!