Mechanical Engineering, Mechanical Technology, Technician Degree from Michigan Technological University Return on Investment
See what the return on investment is for jobs that someone with a Mechanical Engineering, Mechanical Technology, Technician degree from Michigan Technological University is likely to work in.
Top job projections for graduates in mechanical engineering, mechanical technology, technician from michigan technological university
Mechanical engineering technologists and technicians
Projection Rating: B-
Median Annual Wage: $64,020
Percentage of Paycheck to Repay: 16.65%-12.39%
Employment Change: 0.8%
Entry-Level Education: Associate's degree
Mechanical engineers
Projection Rating: B+
Median Annual Wage: $99,510
Percentage of Paycheck to Repay: 10.71%-7.97%
Employment Change: 32.1%
Entry-Level Education: Bachelor's degree
When considering a career in engineering, understanding the return on investment (ROI) of your degree is crucial. Michigan Technological University offers a comprehensive Mechanical Engineering, Mechanical Technology, and Technician Degree program that not only equips students with essential skills but also provides a strong ROI in today's competitive job market.
The Mechanical Engineering program at Michigan Tech prepares students for a variety of career paths in industries such as automotive, aerospace, energy, and manufacturing. With a focus on hands-on learning, state-of-the-art facilities, and experienced faculty, graduates are well-prepared to tackle real-world engineering challenges. The average starting salary for mechanical engineering graduates from Michigan Tech is above the national average, showcasing the program’s effectiveness and its strong demand in the workforce.
Mechanical Technology students receive a practical education that emphasizes applied engineering principles, making them valuable assets to employers. The skills gained in this program translate directly to the job market, where technicians are in high demand. Graduates often find positions with competitive salaries and growth opportunities, leading to an impressive ROI over time.
Moreover, Michigan Tech's connections with industry partners and a robust career services department help students secure internships and job placements. These experiences not only enhance learning but also significantly boost earning potential post-graduation. The university’s strong alumni network further supports graduates in their career journeys, providing mentorship and job opportunities that contribute to a favorable ROI.
In summary, investing in a Mechanical Engineering, Mechanical Technology, or Technician Degree from Michigan Technological University offers a substantial return on investment. With a combination of rigorous academics, practical experience, and strong industry connections, graduates can look forward to successful careers and a bright financial 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.