Mechanical Engineering Degree from University of Illinois at Urbana – Champaign Return on Investment

See what the return on investment is for jobs that someone with a Mechanical Engineering degree from University of Illinois at Urbana – Champaign is likely to work in.

F D C B A
Approximate Total Payment $146,682
Approximate Total Interest $41,516
Monthly Payment $1018.62
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 university of illinois at urbana - champaign

Mechanical engineers

Projection Rating: B

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 12.28%-9.14%

Employment Change: 32.1%

Entry-Level Education: Bachelor's degree

Aerospace engineers

Projection Rating: A-

Median Annual Wage: $130,720

Percentage of Paycheck to Repay: 9.35%-6.96%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

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Investing in a Mechanical Engineering Degree from the University of Illinois at Urbana-Champaign is a decision that can yield significant returns. Known for its rigorous curriculum and innovative research opportunities, this program equips students with the skills and knowledge necessary to excel in a competitive job market.

One of the most compelling aspects of pursuing a mechanical engineering degree at UIUC is the impressive return on investment (ROI). Graduates from this esteemed institution often land high-paying jobs in various industries, including automotive, aerospace, and manufacturing. According to recent statistics, the average starting salary for UIUC mechanical engineering graduates is significantly higher than the national average for engineering degrees, demonstrating the program’s effectiveness in preparing students for lucrative careers.

In addition to strong earning potential, the University of Illinois at Urbana-Champaign offers extensive networking opportunities through its robust alumni network and partnerships with leading companies. This access to industry professionals can lead to internships, mentorships, and job placements, further enhancing the ROI of your degree.

Moreover, the university’s commitment to cutting-edge research and development means that students are not only learning theoretical concepts but also applying them in real-world projects. This hands-on experience is invaluable and makes graduates highly sought after in the job market.

Overall, a mechanical engineering degree from the University of Illinois at Urbana-Champaign represents a smart investment in your future. With strong job prospects, competitive salaries, and a rich educational experience, you can be confident that your time and resources are well spent.

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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