Music Performance Degree from Drake University Return on Investment

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

F D C B A
Approximate Total Payment $223,210
Approximate Total Interest $63,176
Monthly Payment $1550.07
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 performance from drake university

Musicians and singers

Projection Rating: D+

Median Annual Wage: $58,900

Percentage of Paycheck to Repay: 31.58%-23.50%

Employment Change: 2.1%

Entry-Level Education: No formal educational credential

Music directors and composers

Projection Rating: C-

Median Annual Wage: $62,590

Percentage of Paycheck to Repay: 29.72%-22.11%

Employment Change: 1.4%

Entry-Level Education: Bachelor's degree

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When considering a Music Performance Degree from Drake University, it's essential to evaluate the return on investment (ROI) this program offers. A degree in music performance not only nurtures your artistic talents but also opens up numerous career opportunities in the diverse field of music.

Drake University is renowned for its exceptional music program, providing students with comprehensive training in performance, theory, and music education. Graduates from this esteemed institution often find themselves in high-demand positions across various sectors, including performance, education, and music therapy.

One of the key factors contributing to a strong ROI is the university's dedicated faculty. The experienced professors at Drake are not only skilled musicians but also industry professionals who provide valuable insights and connections. This network can be instrumental in helping graduates secure jobs in competitive markets.

Moreover, the state-of-the-art facilities and comprehensive curriculum ensure that students receive a well-rounded education. From solo performances to collaborative projects, Drake's music program emphasizes practical experience, which is crucial in building a successful career.

In terms of financial considerations, graduates with a Music Performance Degree from Drake University often see a favorable salary trajectory. While initial earnings may vary, many alumni report increased earning potential as they gain experience and establish themselves in the industry. Additionally, the skills acquired during the program, such as discipline, teamwork, and creativity, are highly valued by employers in various fields, further enhancing career prospects.

Investing in a Music Performance Degree from Drake University is not just about the immediate financial returns; it's about cultivating a passion that can lead to a fulfilling career. With the right skills, connections, and experiences gained through this program, students are well-equipped to thrive in the vibrant world of music.

In conclusion, the Music Performance Degree from Drake University offers a robust return on investment, merging artistic passion with professional opportunity. Whether you aspire to perform, teach, or innovate within the music industry, Drake provides the foundation needed to turn your dreams into reality.

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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