Music Degree from Wayne State University Return on Investment

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

F D C B A
Approximate Total Payment $106,010
Approximate Total Interest $30,004
Monthly Payment $736.18
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 wayne state university

Music directors and composers

Projection Rating: B

Median Annual Wage: $62,590

Percentage of Paycheck to Repay: 14.11%-10.50%

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: 15.00%-11.16%

Employment Change: 2.1%

Entry-Level Education: No formal educational credential

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

When considering a Music Degree from Wayne State University, it's essential to evaluate the potential return on investment (ROI). This degree not only provides a comprehensive education in music theory, performance, and history but also opens doors to a variety of career opportunities in a competitive job market.

Graduates from Wayne State's Music program often find themselves well-prepared for roles in education, performance, music production, and arts administration. The skills acquired during the program—such as critical thinking, creativity, and collaboration—are highly valued across numerous industries. This versatility can lead to increased earning potential and job security.

According to recent statistics, alumni from Wayne State University have reported a significant increase in their earning power post-graduation. Many find employment in prestigious music organizations, schools, and entertainment companies. By investing in a Music Degree from Wayne State, students not only gain knowledge and skills but also expand their professional networks through faculty connections and alumni relations.

Additionally, Wayne State offers various scholarships and financial aid options that can help mitigate the cost of education, further enhancing the ROI for students. With access to cutting-edge facilities and a supportive learning environment, Wayne State cultivates the next generation of musicians and industry leaders.

In conclusion, a Music Degree from Wayne State University represents a strategic investment in your future. With a robust curriculum, strong alumni support, and numerous career pathways, students can confidently expect a rewarding return on their educational investment.

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!