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

See what the return on investment is for jobs that someone with a Music Performance 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 performance from university of maryland - baltimore county

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

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

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Investing in a Music Performance Degree from the University of Maryland, Baltimore County (UMBC) can yield significant returns for aspiring musicians and performers. This comprehensive program not only hones your musical skills but also equips you with essential tools to thrive in the competitive music industry.

With a focus on both practical performance and theoretical knowledge, students benefit from expert faculty, state-of-the-art facilities, and numerous performance opportunities. Graduates of the program often find themselves well-prepared for diverse career paths, including performing artists, music educators, and music producers.

One of the key aspects of the return on investment for a Music Performance Degree from UMBC is the strong network of alumni and industry connections. This network can lead to internships, job placements, and collaborative projects that enhance your career prospects. Additionally, UMBC's commitment to fostering creativity and innovation means that students are encouraged to explore various genres and styles, setting them apart in the job market.

Financially, the investment in a Music Performance Degree can pay off over time. Many graduates report an increase in earning potential, especially when they leverage their skills in high-demand areas such as live performance, teaching, and music therapy. The degree also provides a solid foundation for further education, should you choose to pursue advanced degrees in music or related fields.

In summary, a Music Performance Degree from the University of Maryland, Baltimore County offers not only a rich educational experience but also a valuable return on investment. By combining rigorous training, industry connections, and a supportive community, UMBC prepares its graduates to succeed in the vibrant 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.

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