Naval Architecture and Marine Engineering Degree from Massachusetts Maritime Academy Return on Investment

See what the return on investment is for jobs that someone with a Naval Architecture and Marine Engineering degree from Massachusetts Maritime Academy is likely to work in.

F D C B A
Approximate Total Payment $111,315
Approximate Total Interest $31,506
Monthly Payment $773.02
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 naval architecture and marine engineering from massachusetts maritime academy

Marine engineers and naval architects

Projection Rating: A-

Median Annual Wage: $100,270

Percentage of Paycheck to Repay: 9.25%-6.88%

Employment Change: 0.8%

Entry-Level Education: Bachelor's degree

Mechanical engineers

Projection Rating: A-

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 9.32%-6.94%

Employment Change: 32.1%

Entry-Level Education: Bachelor's degree

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

The decision to pursue a degree in Naval Architecture and Marine Engineering from Massachusetts Maritime Academy (MMA) is not just an academic choice; it’s an investment in your future. With a comprehensive curriculum that combines theoretical knowledge and hands-on experience, MMA equips students with the skills necessary to excel in the maritime industry.

One of the most compelling aspects of an MMA degree is its strong return on investment (ROI). Graduates often secure lucrative positions in a variety of fields, including shipbuilding, offshore engineering, and marine transportation. According to recent alumni surveys, the average starting salary for graduates in Naval Architecture and Marine Engineering ranges from $70,000 to $90,000, significantly above the national average for new college graduates.

Furthermore, the demand for skilled professionals in the maritime sector is on the rise. As global trade continues to expand and environmental regulations become more stringent, companies are in need of innovative engineers who can design sustainable and efficient vessels. This demand translates into excellent job security and numerous career advancement opportunities for MMA graduates.

Additionally, the Massachusetts Maritime Academy boasts strong industry connections, providing students with unparalleled internship and networking opportunities. These connections not only enhance the educational experience but also increase the likelihood of securing high-paying positions upon graduation. The robust alumni network further supports career growth, as former students often assist one another in finding job opportunities and professional development resources.

Investing in a Naval Architecture and Marine Engineering degree from MMA is about more than just financial returns; it’s about embarking on a fulfilling career that contributes to the advancement of maritime technology and sustainability. With state-of-the-art facilities and a faculty comprised of industry experts, MMA prepares students to be leaders in their field, ensuring that your investment pays off in both personal and professional growth.

In conclusion, the ROI of a Naval Architecture and Marine Engineering degree from Massachusetts Maritime Academy is compelling. With high starting salaries, strong job security, and ample opportunities for career advancement, this degree is a smart investment for anyone looking to make a significant impact in the maritime industry.

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!