Music Degree from University of Maryland – Baltimore County Return on Investment

See what the return on investment is for jobs that someone with a Music degree from University of Maryland – Baltimore County is likely to work in.

F D C B A
Approximate Total Payment $110,649
Approximate Total Interest $31,318
Monthly Payment $768.40
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 university of maryland - baltimore county

Music directors and composers

Projection Rating: B

Median Annual Wage: $62,590

Percentage of Paycheck to Repay: 14.73%-10.96%

Employment Change: 1.4%

Entry-Level Education: Bachelor's degree

Musicians and singers

Projection Rating: B-

Median Annual Wage: $58,900

Percentage of Paycheck to Repay: 15.65%-11.65%

Employment Change: 2.1%

Entry-Level Education: No formal educational credential

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The decision to pursue a music degree from the University of Maryland – Baltimore County (UMBC) is not just an investment in education; it's an investment in your future. Understanding the return on investment (ROI) of a music degree can help prospective students make informed choices about their academic and professional paths.

At UMBC, the music program offers a comprehensive curriculum that combines performance, theory, and technology, ensuring that graduates are well-prepared for a variety of careers in music and related fields. With a strong emphasis on experiential learning, students gain practical skills through performances, internships, and collaborative projects, which significantly enhance their employability.

Graduates of UMBC's music program have found success in diverse career paths, including music education, music therapy, audio engineering, and performance. The university's robust alumni network provides valuable connections that can open doors to job opportunities and professional growth. In fact, many alumni report that their degree has directly contributed to their career advancement, making the investment in a music degree a financially sound decision.

Furthermore, UMBC's location in the vibrant Baltimore-Washington metropolitan area offers students access to a thriving music scene, numerous performance venues, and a wealth of internship opportunities. This exposure not only enriches the educational experience but also increases the potential for post-graduation employment.

Financially, the ROI of a music degree from UMBC is competitive. With a relatively low cost of tuition compared to other institutions, combined with the potential for high earning careers in the music industry, students can expect a favorable return on their investment. Additionally, scholarships and financial aid options are available to help ease the financial burden.

In conclusion, a music degree from the University of Maryland – Baltimore County offers a significant return on investment through quality education, strong career prospects, and access to a vibrant professional network. For those passionate about music, pursuing this degree can be a transformative step towards achieving personal and professional aspirations.

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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