Machine Tool Technology Degree from Sheridan College Return on Investment
See what the return on investment is for jobs that someone with a Machine Tool Technology degree from Sheridan College is likely to work in.
Top job projections for graduates in machine tool technology from sheridan college
Machinists
Projection Rating: B+
Median Annual Wage: $50,840
Percentage of Paycheck to Repay: 10.41%-7.75%
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: 8.61%-6.40%
Employment Change: -5.8%
Entry-Level Education: Postsecondary nondegree award
When considering a degree in Machine Tool Technology from Sheridan College, one of the most important factors to evaluate is the return on investment (ROI). This program not only equips students with the essential skills required in the machining industry but also offers a robust pathway to lucrative career opportunities.
Graduates from the Machine Tool Technology program can expect to enter a field that is in high demand. The skills learned in this program, such as precision machining, CNC operation, and blueprint reading, are highly sought after by employers. According to recent industry reports, machinists and tool and die makers can earn a competitive salary, with many positions offering starting wages that exceed $50,000 annually. As graduates gain experience, their earning potential can increase significantly, making this degree a smart financial investment.
Additionally, Sheridan College's strong connections with local industries provide students with networking opportunities and internships that can lead to job placements immediately upon graduation. This practical experience not only enhances learning but also adds value to the degree, further improving the ROI.
Moreover, the technological advancements in the machining field mean that skilled graduates are consistently needed to operate and maintain the latest machinery. Investing in a Machine Tool Technology degree from Sheridan College prepares students for a future where they are not just employable, but also positioned as leaders in their field.
In conclusion, a Machine Tool Technology degree from Sheridan College offers a compelling return on investment through high earning potential, demand for skilled labor, and valuable industry connections. Choosing to pursue this degree is not just an educational decision; it’s a strategic financial investment into a promising career.
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.