Heating, Ventilation, Air Conditioning and Refrigeration Engineering Technology Degree from Ranken Technical College Return on Investment
See what the return on investment is for jobs that someone with a Heating, Ventilation, Air Conditioning and Refrigeration Engineering Technology degree from Ranken Technical College is likely to work in.
Top job projections for graduates in heating, ventilation, air conditioning and refrigeration engineering technology from ranken technical college
Stationary engineers and boiler operators
Projection Rating: B
Median Annual Wage: $67,640
Percentage of Paycheck to Repay: 13.95%-10.38%
Employment Change: 1.4%
Entry-Level Education: High school diploma or equivalent
The Heating, Ventilation, Air Conditioning, and Refrigeration Engineering Technology Degree from Ranken Technical College offers students a robust education that prepares them for a rewarding career in a vital industry. As climate control technologies continue to evolve, the demand for skilled professionals in HVACR is higher than ever. But what can you expect in terms of return on investment (ROI) when you choose this degree?
One of the most compelling aspects of pursuing a degree in HVACR Engineering Technology is the potential for a solid financial return. Graduates typically enjoy competitive salaries, with entry-level positions often starting around $40,000 per year. As you gain experience and further your education, your earning potential can significantly increase, with seasoned professionals earning upwards of $70,000 annually.
Moreover, the job market for HVACR technicians is projected to grow substantially in the coming years. According to the U.S. Bureau of Labor Statistics, employment in this field is expected to grow by 5% from 2021 to 2031, which is faster than the average for all occupations. This growth translates to numerous job opportunities and job security for graduates.
Another factor contributing to the ROI of the HVACR Engineering Technology degree is the relatively low cost of education compared to many four-year degree programs. With a focused curriculum that can often be completed in just two years, students can enter the workforce sooner and start earning a salary without incurring significant student debt.
Additionally, Ranken Technical College emphasizes hands-on training and real-world applications, ensuring that students are not only learning theories but also gaining practical experience that is highly valued by employers. This practical approach helps graduates hit the ground running in their careers, further enhancing their earning potential.
In summary, the Heating, Ventilation, Air Conditioning, and Refrigeration Engineering Technology Degree from Ranken Technical College provides an excellent return on investment through competitive salaries, a growing job market, affordable education, and valuable hands-on experience. By choosing this path, you are not merely investing in a degree; you are investing in a stable and prosperous 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.