Engineering Degree from University of Alaska Anchorage Return on Investment
See what the return on investment is for jobs that someone with a Engineering degree from University of Alaska Anchorage is likely to work in.
Top job projections for graduates in engineering from university of alaska anchorage
Engineers, all other
Projection Rating: A-
Median Annual Wage: $111,970
Percentage of Paycheck to Repay: 5.11%-3.80%
Employment Change: 8%
Entry-Level Education: Bachelor's degree
Engineering technologists and technicians, except drafters, all other
Projection Rating: A-
Median Annual Wage: $73,500
Percentage of Paycheck to Repay: 7.78%-5.79%
Employment Change: 3.1%
Entry-Level Education: Associate's degree
When considering an engineering degree from the University of Alaska Anchorage (UAA), evaluating the return on investment (ROI) is crucial for prospective students. UAA’s engineering programs are designed to equip students with the skills and knowledge needed to excel in various engineering fields, including civil, mechanical, and electrical engineering. But how does this translate into financial benefits after graduation?
The ROI of an engineering degree from UAA can be assessed through several key factors:
- Tuition Costs: UAA offers competitive tuition rates compared to other institutions, making it an affordable option for students seeking a quality education without incurring excessive debt.
- Job Placement Rates: Graduates from UAA's engineering programs benefit from strong job placement rates, with many students securing employment shortly after graduation. This reflects the university's strong industry connections and internship opportunities that enhance employability.
- Average Starting Salaries: Engineering graduates from UAA often command impressive starting salaries. According to recent data, the average starting salary for UAA engineering graduates is higher than the national average for similar programs, showcasing the value of the degree.
- Long-Term Career Growth: Engineering careers are known for their stability and growth potential. With a degree from UAA, graduates are well-positioned to advance in their careers, often leading to increased salaries and promotions over time.
- Alaska’s Unique Opportunities: Studying in Alaska provides unique opportunities in fields such as environmental engineering and renewable energy, which are increasingly in demand. Graduates can leverage this local expertise for regional job prospects.
In conclusion, an engineering degree from the University of Alaska Anchorage represents a solid investment in your future. With manageable tuition costs, strong job placement rates, competitive starting salaries, and promising career growth potential, students can expect a favorable return on their educational investment. As you consider your options, remember that the skills gained from UAA's engineering programs will not only prepare you for a rewarding career but also contribute positively to your financial 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.