Mechanical Engineering, Mechanical Technology, Technician Degree from Rochester Institute of Technology Return on Investment

See what the return on investment is for jobs that someone with a Mechanical Engineering, Mechanical Technology, Technician degree from Rochester Institute of Technology is likely to work in.

F D C B A
Approximate Total Payment $238,491
Approximate Total Interest $67,501
Monthly Payment $1656.18
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, mechanical technology, technician from rochester institute of technology

Mechanical engineering technologists and technicians

Projection Rating: D+

Median Annual Wage: $64,020

Percentage of Paycheck to Repay: 31.04%-23.10%

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: 19.97%-14.86%

Employment Change: 32.1%

Entry-Level Education: Bachelor's degree

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

Investing in your education can significantly shape your future, and pursuing a degree in Mechanical Engineering, Mechanical Technology, or a Technician Degree from the Rochester Institute of Technology (RIT) is no exception. RIT is known for its rigorous academic programs and hands-on learning experiences, making it an ideal choice for aspiring engineers and technicians.

One of the most compelling aspects of obtaining a degree from RIT is the impressive return on investment (ROI). Graduates from RIT's Mechanical Engineering and Technology programs are highly sought after in the job market, thanks to the institution's strong emphasis on practical skills and industry connections.

According to recent statistics, RIT graduates enjoy a high employment rate, with many securing jobs shortly after graduation. The average starting salary for RIT Mechanical Engineering graduates is competitive, often exceeding national averages. This financial advantage reflects the value of the education and skills acquired during their studies.

Additionally, RIT’s extensive co-op program allows students to gain real-world experience while still in school. This not only enhances their resumes but also helps them establish professional networks, which can lead to lucrative job offers post-graduation. Many students find that their co-op experiences directly translate into full-time positions, further boosting their ROI.

Moreover, RIT’s focus on innovation and technology ensures that students are well-prepared for the rapidly evolving engineering landscape. With courses covering the latest advancements in mechanical systems, robotics, and sustainable energy, graduates are equipped to meet the demands of modern employers. This adaptability is a key factor in their career success and earning potential.

In summary, the Mechanical Engineering, Mechanical Technology, and Technician Degrees from the Rochester Institute of Technology offer an outstanding return on investment. With a combination of high starting salaries, excellent employment rates, and invaluable hands-on experience, RIT graduates are positioned for a successful and prosperous career in the engineering field. Investing in your education at RIT is not just about gaining a degree; it’s about unlocking a future full of possibilities.

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!