Machine Tool Technology Degree from Moraine Park Technical College Return on Investment
See what the return on investment is for jobs that someone with a Machine Tool Technology degree from Moraine Park Technical College is likely to work in.
Top job projections for graduates in machine tool technology from moraine park technical college
Machinists
Projection Rating: B+
Median Annual Wage: $50,840
Percentage of Paycheck to Repay: 11.01%-8.19%
Employment Change: 5%
Entry-Level Education: High school diploma or equivalent
Tool and die makers
Projection Rating: A-
Median Annual Wage: $61,490
Percentage of Paycheck to Repay: 9.11%-6.78%
Employment Change: -5.8%
Entry-Level Education: Postsecondary nondegree award
Investing in your education is a crucial decision, and a Machine Tool Technology Degree from Moraine Park Technical College offers a substantial return on investment (ROI). With a focus on hands-on training and industry-relevant skills, this program equips students with the knowledge needed to excel in the ever-evolving manufacturing sector.
Graduates of the Machine Tool Technology program can expect to enter a robust job market where skilled machinists are in high demand. According to recent labor statistics, the manufacturing industry is projected to experience significant growth, translating into numerous job opportunities for qualified technicians. This demand not only enhances job security but also leads to competitive salaries, making the ROI of this degree particularly appealing.
Moreover, Moraine Park Technical College emphasizes real-world experience, offering access to state-of-the-art equipment and facilities. Students benefit from instruction by experienced professionals who understand the industry's current trends and requirements. This practical training ensures that graduates are job-ready, reducing the time and cost associated with further training once they enter the workforce.
Financially, the cost of obtaining a Machine Tool Technology Degree at Moraine Park is often offset by the potential earnings of graduates. Many employers are willing to pay a premium for skilled machinists, and with the average salary for graduates in this field being significantly higher than the national average, the investment in education pays off quickly.
In addition to the direct financial benefits, earning a degree can also lead to opportunities for advancement. Many companies prefer to promote from within, offering higher-level positions and increased salaries to those who have demonstrated commitment to their professional development through education.
Overall, a Machine Tool Technology Degree from Moraine Park Technical College is a smart investment for anyone looking to build a career in manufacturing. With strong job placement rates, competitive salaries, and opportunities for advancement, the ROI of this program is clear. Take the first step towards a rewarding career in machining today!
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.