Music Degree from Northeastern University Return on Investment

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

F D C B A
Approximate Total Payment $292,401
Approximate Total Interest $82,759
Monthly Payment $2030.56
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 northeastern university

Music directors and composers

Projection Rating: D-

Median Annual Wage: $62,590

Percentage of Paycheck to Repay: 38.93%-28.97%

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: 41.37%-30.78%

Employment Change: 2.1%

Entry-Level Education: No formal educational credential

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Investing in a music degree from Northeastern University offers a remarkable return on investment (ROI) for aspiring musicians and industry professionals. With its strong emphasis on experiential learning, Northeastern not only provides a solid academic foundation but also equips students with practical skills that are highly sought after in today’s competitive job market.

The music program at Northeastern integrates rigorous coursework with real-world opportunities, such as internships and co-op placements, allowing students to gain hands-on experience while they study. This unique approach significantly enhances employability, as students graduate with both theoretical knowledge and practical skills that employers value.

According to recent data, graduates from Northeastern's music program report higher starting salaries compared to their peers from other institutions. The university’s extensive alumni network and strong industry connections further facilitate job placement in various sectors, including music production, performance, education, and arts administration.

Moreover, Northeastern's location in Boston, a vibrant hub for the arts and music, provides students with unparalleled access to live performances, networking events, and collaborations with renowned artists and organizations. This immersive environment fosters creativity and innovation, giving students an edge in their future careers.

When considering the cost of tuition versus potential earnings, a music degree from Northeastern University proves to be a wise investment. Graduates not only leave with a degree but also with a rich portfolio of experiences that significantly enhance their marketability and career prospects.

In summary, pursuing a music degree at Northeastern University not only nurtures artistic talent but also translates into tangible financial benefits, making it a smart choice for students dedicated to thriving in the music industry.

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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