Mechanical Engineering Degree from Illinois Institute of Technology Return on Investment
See what the return on investment is for jobs that someone with a Mechanical Engineering degree from Illinois Institute of Technology is likely to work in.
Top job projections for graduates in mechanical engineering from illinois institute of technology
Mechanical engineers
Projection Rating: C+
Median Annual Wage: $99,510
Percentage of Paycheck to Repay: 21.78%-16.21%
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: 16.58%-12.34%
Employment Change: 4.1%
Entry-Level Education: Bachelor's degree
The Mechanical Engineering degree from the Illinois Institute of Technology (IIT) is not just an academic credential; it’s a strategic investment in your future. With a curriculum that combines cutting-edge technology, hands-on experience, and a strong foundation in engineering principles, graduates are well-prepared to meet the demands of the job market.
When considering the return on investment (ROI) of an IIT Mechanical Engineering degree, there are several factors to take into account:
- High Earning Potential: Graduates from IIT typically enjoy competitive salaries. The average starting salary for mechanical engineers in the Chicago area is significantly above the national average, making the financial commitment worthwhile.
- Strong Job Placement Rates: IIT boasts an impressive job placement rate, with many graduates securing positions in top-tier companies before graduation. This high demand for IIT graduates in engineering fields enhances the ROI of your degree.
- Alumni Network: Being part of the IIT community means access to a vast network of successful alumni. This network can be invaluable for mentorship and job opportunities, further increasing your ROI.
- Industry Connections: The program’s partnerships with leading industries and organizations provide students with internship opportunities that can lead to full-time positions, ensuring a smoother transition from education to employment.
- Skill Development: The curriculum emphasizes problem-solving, critical thinking, and technical skills, all of which are highly sought after by employers. These competencies not only enhance employability but also prepare you for leadership roles in your career.
Investing in a Mechanical Engineering degree from Illinois Institute of Technology is a decision that can yield significant returns. With a focus on innovation, collaboration, and real-world applications, IIT prepares you to excel in a competitive job market and achieve your career goals. Start your journey toward a rewarding career in engineering today!
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.