Music Therapy Degree from Southern Methodist University Return on Investment

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

F D C B A
Approximate Total Payment $307,313
Approximate Total Interest $86,980
Monthly Payment $2134.12
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 therapy from southern methodist university

Music Therapists

Projection Rating: F-

Median Annual Wage: $62,000

Percentage of Paycheck to Repay: 61.96%-46.10%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Recreational therapists

Projection Rating: F

Median Annual Wage: $57,120

Percentage of Paycheck to Repay: 44.83%-33.36%

Employment Change: 0.7%

Entry-Level Education: Bachelor's degree

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

Investing in a Music Therapy degree from Southern Methodist University (SMU) is not just a step towards a fulfilling career; it’s a strategic financial decision that promises a significant return on investment (ROI). With the growing recognition of music therapy as an effective therapeutic approach, graduates from SMU are well-positioned to capitalize on this demand.

SMU’s Music Therapy program offers comprehensive training that combines music education, psychology, and clinical practice. This interdisciplinary approach ensures that graduates are equipped with the skills needed to excel in various settings, from hospitals and schools to private practices and community programs. The blend of practical experience and theoretical knowledge not only enhances employability but also justifies the investment in your education.

According to recent statistics, music therapists can earn a competitive salary, with many professionals reporting annual incomes that exceed national averages. Additionally, the increasing awareness of mental health and wellness has led to a surge in the demand for qualified music therapists, ensuring a robust job market for SMU graduates.

Moreover, SMU’s strong alumni network and industry connections provide valuable opportunities for internships and employment, further enhancing the ROI of your degree. The university’s commitment to student success is evident through its dedicated career services, which assist students in navigating their career paths and securing positions in the field.

In conclusion, a Music Therapy degree from Southern Methodist University represents a wise investment in your future. With high earning potential, a growing job market, and comprehensive support from the university, graduates can expect a favorable return on their educational investment. Choose SMU for a brighter, more rewarding career in music therapy.

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!