Mechanical Engineering Related Technologies Degree from McPherson College Return on Investment

See what the return on investment is for jobs that someone with a Mechanical Engineering Related Technologies degree from McPherson College is likely to work in.

F D C B A
Approximate Total Payment $178,080
Approximate Total Interest $50,403
Monthly Payment $1236.67
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 related technologies from mcpherson college

Mechanical engineering technologists and technicians

Projection Rating: C

Median Annual Wage: $64,020

Percentage of Paycheck to Repay: 23.18%-17.25%

Employment Change: 0.8%

Entry-Level Education: Associate's degree

Industrial engineering technologists and technicians

Projection Rating: C

Median Annual Wage: $62,610

Percentage of Paycheck to Repay: 23.70%-17.64%

Employment Change: 3%

Entry-Level Education: Associate's degree

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

When considering the value of a Mechanical Engineering Related Technologies degree from McPherson College, the return on investment (ROI) is a crucial factor. This specialized program equips students with the skills and knowledge necessary to thrive in a rapidly evolving industry, ensuring they are well-prepared for a variety of career paths.

The ROI of this degree can be seen through several key factors:

  • High Earning Potential: Graduates from McPherson College often secure positions with competitive salaries. The comprehensive curriculum includes hands-on experience and industry-relevant training, making graduates highly sought after by employers.
  • Career Advancement Opportunities: A degree in Mechanical Engineering Related Technologies opens doors to advanced roles in engineering, management, and research. Graduates benefit from a strong alumni network and career services that facilitate job placement.
  • Industry-Relevant Curriculum: The program is designed to meet the current demands of the mechanical engineering field. Students gain practical experience with cutting-edge technologies, preparing them for immediate contributions in the workplace.
  • Strong Job Market: The demand for skilled engineers continues to grow across various sectors including manufacturing, aerospace, and automotive industries. Graduates of McPherson College are well-positioned to take advantage of these opportunities.
  • Personal Development: Beyond financial gains, pursuing a degree in this field fosters critical thinking, problem-solving abilities, and teamwork skills. These attributes enhance employability and prepare graduates for lifelong success.

Investing in a Mechanical Engineering Related Technologies degree from McPherson College not only offers substantial financial rewards but also equips students with the tools they need to impact the engineering field positively. With a focus on real-world applications and a commitment to student success, McPherson College stands out as a premier choice for aspiring engineers.

In conclusion, the ROI of a Mechanical Engineering Related Technologies degree from McPherson College is evident in the high earning potential, diverse career opportunities, and the personal growth it fosters. This investment in education is a strategic step towards a successful and fulfilling career in engineering.

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!