Electrician Degree from Manchester Community College Return on Investment

See what the return on investment is for jobs that someone with a Electrician degree from Manchester Community College is likely to work in.

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Approximate Total Payment $86,382
Approximate Total Interest $24,449
Monthly Payment $599.88
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 electrician from manchester community college

Electricians

Projection Rating: B+

Median Annual Wage: $61,590

Percentage of Paycheck to Repay: 11.69%-8.70%

Employment Change: 84.3%

Entry-Level Education: High school diploma or equivalent

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Investing in an Electrician Degree from Manchester Community College is a decision that can lead to significant financial and professional rewards. With the increasing demand for skilled electricians, graduates from this program can expect a strong return on investment (ROI).

One of the key benefits of obtaining your degree from Manchester Community College is the comprehensive curriculum that equips students with practical skills and theoretical knowledge essential for a successful career in the electrical field. This well-rounded education not only prepares graduates for entry-level positions but also opens the door to advanced opportunities, ensuring a steady career trajectory.

The ROI for an electrician degree is particularly compelling when you consider the average salary for electricians in the region. As of 2023, electricians in Manchester and surrounding areas can earn between $50,000 to $80,000 annually, depending on experience and specialization. Additionally, many electricians benefit from job security and the potential for overtime pay, further enhancing their income.

Furthermore, Manchester Community College offers various resources, including job placement services and industry partnerships, which can significantly boost your employability upon graduation. The college’s strong connections with local businesses often lead to internship opportunities, giving students a chance to gain real-world experience while still in school.

In conclusion, an Electrician Degree from Manchester Community College not only provides you with the skills necessary to succeed in the electrical industry but also offers a promising return on your educational investment. With a solid salary potential, job security, and the support of a reputable institution, pursuing your degree here is a smart choice for your future.

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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