Music Performance Degree from University of Wisconsin – Madison Return on Investment

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

F D C B A
Approximate Total Payment $120,221
Approximate Total Interest $34,027
Monthly Payment $834.87
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 wisconsin - madison

Musicians and singers

Projection Rating: B-

Median Annual Wage: $58,900

Percentage of Paycheck to Repay: 17.01%-12.66%

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: 16.01%-11.91%

Employment Change: 1.4%

Entry-Level Education: Bachelor's degree

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Investing in your education is a crucial decision, especially when it comes to pursuing a Music Performance Degree from the University of Wisconsin - Madison. As you contemplate this choice, understanding the return on investment (ROI) is essential. This degree not only provides a solid foundation in musical skills but also opens doors to a variety of career opportunities in the competitive music industry.

The University of Wisconsin - Madison is renowned for its exceptional music program, offering students access to world-class faculty, state-of-the-art facilities, and a vibrant community of passionate musicians. Graduates from this program often find themselves well-prepared for careers as professional performers, music educators, composers, and more.

One of the key factors in evaluating the ROI of a Music Performance Degree is the potential earning power. Graduates can expect to earn competitive salaries in various roles. According to recent data, individuals with a music degree can earn an average starting salary of $45,000 annually, with the potential to increase significantly as they gain experience and establish their careers.

Moreover, the networking opportunities provided by the University of Wisconsin - Madison can be invaluable. Students have the chance to connect with industry professionals, participate in internships, and perform in prestigious venues, all of which can enhance their employability and career prospects.

In addition to financial considerations, pursuing a Music Performance Degree can lead to personal fulfillment and artistic growth. The skills and experiences gained during study not only enrich one’s musical abilities but also foster critical thinking, creativity, and discipline – qualities that are highly sought after in any profession.

Ultimately, the ROI of a Music Performance Degree from the University of Wisconsin - Madison extends beyond mere financial metrics. It encompasses career advancement, personal development, and the opportunity to make a lasting impact in the world of music. By choosing this esteemed program, you are investing in a future that harmonizes passion with profession.

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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