Manufacturing Engineering Degree from Illinois Institute of Technology Return on Investment

See what the return on investment is for jobs that someone with a Manufacturing Engineering degree from Illinois Institute of Technology is likely to work in.

F D C B A
Approximate Total Payment $260,080
Approximate Total Interest $73,611
Monthly Payment $1806.11
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 manufacturing engineering from illinois institute of technology

Manufacturing Engineers

Projection Rating: C-

Median Annual Wage: $85,000

Percentage of Paycheck to Repay: 25.50%-18.97%

Employment Change: 2%

Entry-Level Education: Bachelor's degree

Industrial engineers

Projection Rating: C+

Median Annual Wage: $99,380

Percentage of Paycheck to Repay: 21.81%-16.23%

Employment Change: 40.9%

Entry-Level Education: Bachelor's degree

Don't see the job you're looking for? Click here.

The Manufacturing Engineering Degree from the Illinois Institute of Technology (IIT) stands out as a premier choice for aspiring engineers seeking a lucrative and rewarding career in the manufacturing sector. With the rapid advancement of technology and the ever-evolving landscape of manufacturing processes, obtaining a degree in this field not only equips students with essential skills but also offers a significant return on investment (ROI).

One of the key benefits of pursuing a Manufacturing Engineering Degree at IIT is the robust curriculum that combines theoretical knowledge with practical applications. Students engage in hands-on projects, internships, and collaborations with industry leaders, ensuring they are well-prepared to meet the demands of the workforce. Graduates emerge with in-demand skills in automation, robotics, quality control, and process optimization, making them highly attractive to employers.

The ROI of an IIT Manufacturing Engineering Degree is further enhanced by the university's strong industry connections and alumni network. Graduates often find themselves in positions at leading manufacturing firms, where they can command competitive salaries and enjoy opportunities for career advancement. According to recent statistics, IIT graduates in engineering fields report an average starting salary significantly above the national average, underscoring the financial benefits of this degree.

Moreover, the Illinois Institute of Technology is located in Chicago, a hub for manufacturing and technology industries. This geographic advantage allows students access to internships and job placements with top-tier companies, further increasing their chances of securing high-paying positions post-graduation.

In addition to immediate job placement and salary potential, investing in a Manufacturing Engineering Degree from IIT also paves the way for long-term career growth. With the manufacturing sector continually evolving, professionals with advanced engineering skills are positioned to take on leadership roles, driving innovation and efficiency in their organizations.

Ultimately, the Manufacturing Engineering Degree from the Illinois Institute of Technology is not just an educational credential; it is a strategic investment in your future. With a combination of high earning potential, extensive hands-on experience, and a supportive professional network, graduates can expect a strong return on their educational investment, making this degree a compelling choice for future engineers.

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.

Get your personalized projection here!