Music Degree from University of Memphis Return on Investment
See what the return on investment is for jobs that someone with a Music degree from University of Memphis is likely to work in.
Top job projections for graduates in music from university of memphis
Music directors and composers
Projection Rating: B
Median Annual Wage: $62,590
Percentage of Paycheck to Repay: 14.43%-10.74%
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: 15.33%-11.41%
Employment Change: 2.1%
Entry-Level Education: No formal educational credential
The decision to pursue a Music Degree from the University of Memphis is not just about passion for music; it's also an investment in your future. Understanding the return on investment (ROI) of this degree can help you make an informed choice that aligns with your career aspirations.
The University of Memphis offers a comprehensive music program that equips students with essential skills in performance, composition, and music education. Graduates from this program have gone on to enjoy successful careers in various fields, including music performance, teaching, music therapy, and music production. This diverse range of career paths enhances the ROI of your degree, as it opens doors to numerous opportunities in the music industry and beyond.
According to recent statistics, graduates with a Music Degree from the University of Memphis report competitive starting salaries and strong job placement rates. The music industry is continuously evolving, and the skills you acquire during your studies will keep you relevant and in demand. With the right networking and experience, many alumni have seen their initial investments pay off significantly over time.
Additionally, the University of Memphis provides access to state-of-the-art facilities and experienced faculty, which enhances your learning experience and prepares you for real-world challenges. The connections made through university events and performances can lead to internships and job opportunities, further maximizing your ROI.
In conclusion, a Music Degree from the University of Memphis can yield substantial returns through a combination of skill development, career opportunities, and professional connections. If you are passionate about music and dedicated to building a successful career, this degree may be one of the best investments you can make.
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.