Music Degree from Fordham University Return on Investment

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

F D C B A
Approximate Total Payment $298,069
Approximate Total Interest $84,364
Monthly Payment $2069.92
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 music from fordham university

Music directors and composers

Projection Rating: D-

Median Annual Wage: $62,590

Percentage of Paycheck to Repay: 39.69%-29.53%

Employment Change: 1.4%

Entry-Level Education: Bachelor's degree

Musicians and singers

Projection Rating: F

Median Annual Wage: $58,900

Percentage of Paycheck to Repay: 42.17%-31.38%

Employment Change: 2.1%

Entry-Level Education: No formal educational credential

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Investing in a music degree from Fordham University offers students a unique blend of artistic growth and practical skills, positioning graduates for a successful career in the competitive music industry. With its rigorous curriculum and esteemed faculty, Fordham provides an enriching educational experience that translates into a strong return on investment (ROI) for students.

Fordham University's music program emphasizes both performance and theory, equipping students with the necessary tools to excel as musicians, composers, and educators. Graduates often find themselves in high-demand roles across various sectors, including education, music production, and entertainment management. This versatility enhances the ROI of a music degree, as it opens doors to numerous career paths.

The financial benefits of earning a music degree from Fordham can be significant. Alumni frequently report increased earning potential compared to those without a degree, especially when combined with internships and networking opportunities provided through the university. Additionally, Fordham's location in New York City places students at the heart of a vibrant cultural scene, allowing them to gain invaluable hands-on experience and connections in the music industry.

Moreover, Fordham's commitment to student support services, including career counseling and job placement assistance, further enhances the ROI of its music degree. By helping students navigate their career options and providing resources for job searching, Fordham ensures that graduates are well-prepared to enter the workforce.

In summary, pursuing a music degree from Fordham University is not just an investment in education but a strategic move toward a fulfilling and financially rewarding career. With a strong curriculum, excellent faculty, and robust support systems, students can expect a high return on investment that extends beyond the classroom and into their professional lives.

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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