Materials Engineering Degree from Illinois Institute of Technology Return on Investment
See what the return on investment is for jobs that someone with a Materials Engineering degree from Illinois Institute of Technology is likely to work in.
Top job projections for graduates in materials engineering from illinois institute of technology
Materials engineers
Projection Rating: C+
Median Annual Wage: $104,100
Percentage of Paycheck to Repay: 20.82%-15.49%
Employment Change: 1.8%
Entry-Level Education: Bachelor's degree
The Materials Engineering degree from the Illinois Institute of Technology (IIT) offers students a comprehensive education that not only equips them with the knowledge and skills needed in the field of materials science but also provides a significant return on investment (ROI) for graduates. With a robust curriculum that blends theoretical concepts with practical applications, students graduate prepared to tackle real-world challenges in various industries.
One of the key factors that contribute to the ROI of an IIT Materials Engineering degree is the institution's strong connections with leading companies and research organizations. These partnerships often lead to internship and job placement opportunities, ensuring that graduates have a competitive edge in the job market. Furthermore, IIT's location in Chicago, a hub for innovation and technology, enhances networking opportunities and exposure to potential employers.
Financially, graduates of the Materials Engineering program can expect a solid starting salary that reflects the high demand for skilled professionals in this field. According to recent data, alumni from IIT report impressive salary figures that surpass national averages for engineering graduates. This financial benefit, combined with the relatively affordable tuition rates at IIT, significantly boosts the overall ROI for students.
Moreover, the interdisciplinary nature of the Materials Engineering program allows graduates to work in diverse sectors, including aerospace, biomedical, electronics, and renewable energy. This versatility not only increases employability but also opens doors to career advancement and higher earning potential over time.
In summary, pursuing a Materials Engineering degree from the Illinois Institute of Technology is a smart investment for aspiring engineers. With a strong curriculum, excellent job placement rates, and a diverse range of career opportunities, students can expect a favorable return on their educational investment, both financially and professionally.
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.