Chemistry Degree from University of Michigan – Dearborn Return on Investment

See what the return on investment is for jobs that someone with a Chemistry degree from University of Michigan – Dearborn is likely to work in.

F D C B A
Approximate Total Payment $89,595
Approximate Total Interest $25,358
Monthly Payment $622.19
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 chemistry from university of michigan - dearborn

Chemists

Projection Rating: A-

Median Annual Wage: $84,680

Percentage of Paycheck to Repay: 8.82%-6.56%

Employment Change: 6.6%

Entry-Level Education: Bachelor's degree

Materials scientists

Projection Rating: A-

Median Annual Wage: $106,160

Percentage of Paycheck to Repay: 7.03%-5.23%

Employment Change: 0.8%

Entry-Level Education: Bachelor's degree

Chemical technicians

Projection Rating: B

Median Annual Wage: $56,750

Percentage of Paycheck to Repay: 13.16%-9.79%

Employment Change: 3.2%

Entry-Level Education: Associate's degree

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When considering a Chemistry Degree from the University of Michigan – Dearborn, one of the most crucial factors to evaluate is the return on investment (ROI). This degree not only equips students with a solid foundation in chemistry but also opens doors to numerous lucrative career opportunities in various fields such as pharmaceuticals, environmental science, and education.

Graduates of the University of Michigan – Dearborn are highly sought after due to the school's strong emphasis on practical experience and research. This hands-on approach ensures that students are well-prepared for the workforce, making them competitive candidates in the job market. On average, chemistry graduates can expect a starting salary that is significantly above the national average for bachelor's degrees, which enhances the ROI of their educational investment.

Additionally, the University of Michigan – Dearborn offers a range of resources to support career development, including internships, networking events, and partnerships with local industries. These connections can lead to job placements and further enhance earning potential after graduation.

The ROI of a Chemistry Degree is also reflected in the potential for career advancement. With further education or specialized training, graduates can pursue advanced positions that offer even higher salaries and greater job security. Fields such as chemical engineering, biochemistry, and forensic science are just a few areas where a chemistry degree can lead to rewarding career paths.

In summary, investing in a Chemistry Degree from the University of Michigan – Dearborn can provide substantial returns through competitive salaries, a wealth of career opportunities, and the potential for professional growth. For students looking to make a significant impact in the sciences, this degree offers a valuable pathway to success.

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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