Engineering Degree from University of Michigan – Ann Arbor Return on Investment

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

F D C B A
Approximate Total Payment $131,840
Approximate Total Interest $37,315
Monthly Payment $915.56
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 engineering from university of michigan - ann arbor

Engineers, all other

Projection Rating: A-

Median Annual Wage: $111,970

Percentage of Paycheck to Repay: 9.81%-7.30%

Employment Change: 8%

Entry-Level Education: Bachelor's degree

Engineering technologists and technicians, except drafters, all other

Projection Rating: B

Median Annual Wage: $73,500

Percentage of Paycheck to Repay: 14.95%-11.12%

Employment Change: 3.1%

Entry-Level Education: Associate's degree

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When considering an engineering degree from the University of Michigan – Ann Arbor, one of the most crucial factors to evaluate is the return on investment (ROI) that this esteemed program offers. The University of Michigan is renowned for its rigorous engineering curriculum, world-class faculty, and state-of-the-art facilities, making it a top choice for aspiring engineers.

Graduates of the University of Michigan's engineering programs often find themselves in high demand in the job market. With a degree from this prestigious institution, you can expect to command a competitive salary right out of college. According to recent statistics, engineering graduates from Michigan have an impressive starting salary, often surpassing the national average. This strong earning potential is a key component of the ROI calculation.

In addition to high starting salaries, the University of Michigan boasts a robust alumni network, providing graduates with valuable connections and job opportunities in various engineering fields. This network, combined with the university's strong reputation, enhances the employability of its graduates, further contributing to the overall ROI.

Moreover, the engineering programs at the University of Michigan focus on practical, hands-on experience through co-op programs, internships, and collaborative projects. These experiences not only enrich the educational journey but also make graduates more attractive to employers, thereby increasing their earning potential and career advancement opportunities.

Investing in an engineering degree from the University of Michigan – Ann Arbor is not just about the immediate financial return; it is also about the long-term benefits of a quality education that prepares students for success in their careers. With a commitment to innovation and excellence, the University of Michigan provides a solid foundation for a bright future in engineering.

In conclusion, the return on investment for an engineering degree from the University of Michigan – Ann Arbor is compelling. With a combination of high starting salaries, extensive career support, and a prestigious reputation, graduates are well-equipped to thrive in the competitive engineering landscape. If you're considering pursuing an engineering degree, the University of Michigan should be at the top of your list.

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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