Mechanical Engineering Degree from Loyola Marymount University Return on Investment

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

F D C B A
Approximate Total Payment $287,534
Approximate Total Interest $81,382
Monthly Payment $1996.77
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 loyola marymount university

Mechanical engineers

Projection Rating: C

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 24.08%-17.92%

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: 18.33%-13.64%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

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

Investing in a Mechanical Engineering Degree from Loyola Marymount University (LMU) is a decision that offers substantial returns both in terms of career potential and financial benefits. LMU is renowned for its rigorous engineering programs, which blend theoretical knowledge with practical application, ensuring graduates are well-prepared for the demands of the industry.

One of the key factors contributing to the high return on investment (ROI) of an LMU mechanical engineering degree is the university's strong connections with leading engineering firms. These partnerships often lead to internship opportunities, networking events, and job placements that can significantly enhance a graduate's employability. In fact, many LMU engineering graduates secure lucrative positions shortly after graduation, demonstrating the university's commitment to student success.

According to recent statistics, LMU mechanical engineering graduates enjoy competitive starting salaries that are above the national average for engineering roles. This financial advantage, combined with a growing demand for skilled engineers in various industries—including aerospace, automotive, and renewable energy—makes this degree a smart investment for future professionals.

Moreover, LMU's focus on innovative teaching methods and state-of-the-art facilities ensures that students are learning the most current and applicable skills. The curriculum emphasizes hands-on experience, allowing students to work on real-world projects that enhance their understanding and expertise in mechanical engineering. This practical experience not only enriches their education but also makes them more attractive candidates in the job market.

In addition to direct career benefits, a mechanical engineering degree from LMU fosters critical thinking, problem-solving, and teamwork skills—qualities that are invaluable in any profession. Graduates often find themselves in leadership roles, contributing to their companies' success and advancing their careers even further.

In conclusion, pursuing a Mechanical Engineering Degree from Loyola Marymount University is not just about obtaining a diploma; it’s about investing in a future filled with opportunities. The combination of a strong academic foundation, robust industry connections, and a commitment to student success ensures that graduates experience a significant return on their educational investment, making LMU a top 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.

Get your personalized projection here!