Music Performance Degree from Illinois Wesleyan University Return on Investment

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

F D C B A
Approximate Total Payment $253,786
Approximate Total Interest $71,830
Monthly Payment $1762.40
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 performance from illinois wesleyan university

Musicians and singers

Projection Rating: D-

Median Annual Wage: $58,900

Percentage of Paycheck to Repay: 35.91%-26.72%

Employment Change: 2.1%

Entry-Level Education: No formal educational credential

Music directors and composers

Projection Rating: D

Median Annual Wage: $62,590

Percentage of Paycheck to Repay: 33.79%-25.14%

Employment Change: 1.4%

Entry-Level Education: Bachelor's degree

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

The decision to pursue a Music Performance Degree from Illinois Wesleyan University is not just about passion for music; it's also an investment in your future. Understanding the return on investment (ROI) for this degree can illuminate the benefits of choosing IWU for your musical education.

Illinois Wesleyan University offers a comprehensive Music Performance program that equips students with the skills, knowledge, and experience needed to thrive in the competitive music industry. Graduates from this program often find themselves well-prepared for various careers, including performance, teaching, composing, and music therapy. With a strong emphasis on both individual artistry and collaborative experiences, students gain invaluable insights and connections that can enhance their career prospects.

In terms of ROI, IWU graduates report higher average salaries compared to their peers from other institutions. Many alumni have established successful careers, performing with orchestras, teaching at reputable schools, or working in related fields. The robust alumni network and career support services provided by Illinois Wesleyan University further enhance job placement rates and opportunities for mentorship.

Moreover, the university’s location in Bloomington-Normal offers students access to a vibrant arts community, providing numerous performance opportunities and internships that can lead to meaningful employment after graduation. The experiences gained through live performances, masterclasses, and networking events contribute significantly to the overall ROI of the Music Performance Degree.

Ultimately, investing in a Music Performance Degree from Illinois Wesleyan University not only fosters your artistic growth but also lays a solid foundation for a rewarding career in music. With strong faculty support, a rich curriculum, and a focus on practical application, students can look forward to a bright future in the world of music.

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!