Mechanical Engineering Degree from Howard University Return on Investment
See what the return on investment is for jobs that someone with a Mechanical Engineering degree from Howard University is likely to work in.
Top job projections for graduates in mechanical engineering from howard university
Mechanical engineers
Projection Rating: B-
Median Annual Wage: $99,510
Percentage of Paycheck to Repay: 17.59%-13.09%
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: 13.39%-9.96%
Employment Change: 4.1%
Entry-Level Education: Bachelor's degree
When considering a Mechanical Engineering degree from Howard University, understanding the return on investment (ROI) is crucial for prospective students. Howard University offers a robust engineering program that equips graduates with the skills and knowledge necessary to excel in the competitive job market.
One of the key factors contributing to the ROI of a Mechanical Engineering degree from Howard University is the high starting salary of graduates. According to recent data, mechanical engineers in the Washington D.C. area can expect to earn a competitive salary, often starting in the mid to high $70,000 range. This earning potential significantly outweighs the average cost of tuition, making the investment in education worthwhile.
Additionally, Howard University has a strong network of alumni and industry connections that can facilitate job placements and internships. Students benefit from access to career fairs, networking events, and mentorship opportunities that enhance their employability. The university’s commitment to diversity and inclusion also enriches the educational experience, preparing students to work in various cultural and professional environments.
Furthermore, the university’s emphasis on hands-on learning through labs and projects allows students to gain practical experience, making them more attractive to employers. This practical approach not only solidifies theoretical knowledge but also enhances problem-solving skills, which are essential in the field of mechanical engineering.
In terms of long-term career growth, a Mechanical Engineering degree from Howard University opens doors to various industries, including aerospace, automotive, energy, and manufacturing. Graduates often find themselves in roles that involve innovation and design, contributing to advancements in technology and sustainability.
When evaluating the ROI of a Mechanical Engineering degree from Howard University, it’s essential to consider not just the immediate financial benefits but also the long-term career opportunities and professional growth. With a solid educational foundation, extensive support, and a vibrant professional network, investing in a Mechanical Engineering degree from Howard University is a smart choice for aspiring 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.