Mechanical Engineering Degree from Drexel University Return on Investment

See what the return on investment is for jobs that someone with a Mechanical Engineering degree from Drexel University is likely to work in.

F D C B A
Approximate Total Payment $284,438
Approximate Total Interest $80,505
Monthly Payment $1975.26
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 mechanical engineering from drexel university

Mechanical engineers

Projection Rating: C

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 23.82%-17.72%

Employment Change: 32.1%

Entry-Level Education: Bachelor's degree

Aerospace engineers

Projection Rating: B-

Median Annual Wage: $130,720

Percentage of Paycheck to Repay: 18.13%-13.49%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

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The pursuit of a Mechanical Engineering degree from Drexel University is not just an academic endeavor; it's a strategic investment in your future. With a robust curriculum that combines theoretical knowledge with practical experience, Drexel stands out as a leader in engineering education. But what does this mean for your return on investment (ROI)?

Graduates of Drexel's Mechanical Engineering program are equipped with the skills and expertise that employers crave. The university's strong industry connections and co-op programs provide students with invaluable hands-on experience, setting them apart in a competitive job market. According to recent statistics, Drexel engineering graduates enjoy high starting salaries, often exceeding the national average for engineering degrees.

Moreover, the demand for mechanical engineers continues to grow across various sectors, including aerospace, automotive, and renewable energy. This demand translates into a wealth of career opportunities and job security for graduates. Investing in a Mechanical Engineering degree from Drexel University not only enhances your earning potential but also opens doors to a wide range of fulfilling career paths.

In addition to financial benefits, the comprehensive education you receive at Drexel prepares you to tackle real-world challenges. With a focus on innovation and sustainability, students learn to design and improve systems that make a tangible impact on society. This hands-on approach ensures that you graduate not just with a degree, but with the confidence and capability to drive change in your field.

Ultimately, the ROI of a Mechanical Engineering degree from Drexel University is significant. The combination of high starting salaries, strong job placement rates, and the ability to make a difference in the world makes this degree a wise investment for your future. Choose Drexel University for your Mechanical Engineering education and watch your career soar.

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.

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