Mechanical Engineering Degree from Philadelphia University Return on Investment

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

F D C B A
Approximate Total Payment $244,966
Approximate Total Interest $69,334
Monthly Payment $1701.15
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 philadelphia university

Mechanical engineers

Projection Rating: C+

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 20.51%-15.26%

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: 15.62%-11.62%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

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The pursuit of a Mechanical Engineering degree from Philadelphia University is not just an academic choice; it’s an investment in your future. As one of the leading institutions in the region, Philadelphia University offers a robust curriculum that equips students with the necessary skills and knowledge to thrive in a competitive job market. But what does this mean in terms of return on investment (ROI)?

According to recent studies, graduates with a Mechanical Engineering degree often experience substantial salary increases compared to those with only a high school diploma or an associate degree. The average starting salary for mechanical engineers is significantly higher than many other fields, making this degree a financially sound choice. In fact, graduates from Philadelphia University have reported starting salaries that are above the national average, reflecting the quality of education and the demand for skilled engineers.

Moreover, the hands-on experience and industry connections provided by Philadelphia University enhance the employability of its graduates. The university's strong partnerships with local industries mean that students have access to internships and co-op opportunities that can lead to full-time positions upon graduation. This practical experience is invaluable and contributes to a higher ROI, as students are often able to secure employment before they even complete their degree.

In addition to immediate financial benefits, a Mechanical Engineering degree opens doors to a variety of career paths, from aerospace to renewable energy. This versatility means that graduates can pivot to different industries, further increasing their earning potential over time. The demand for engineers, particularly in innovative fields, is projected to grow, ensuring that job opportunities will remain abundant.

Investing in a Mechanical Engineering degree at Philadelphia University is not just about the immediate salary; it’s about long-term career growth and stability. With competitive salaries, robust job placement rates, and a diverse range of career opportunities, the ROI of this degree is compelling. Graduates not only gain a respected qualification but also join a network of professionals who are shaping the future of technology and engineering.

In conclusion, choosing to pursue a Mechanical Engineering degree from Philadelphia University is a strategic move for those looking to maximize their career potential and financial security. With a focus on practical experience and industry relevance, students are well-prepared to enter a thriving job market, making this degree a worthwhile investment for your future.

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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