Petroleum Engineering Degree from Missouri University of Science and Technology Return on Investment

See what the return on investment is for jobs that someone with a Petroleum Engineering degree from Missouri University of Science and Technology is likely to work in.

F D C B A
Approximate Total Payment $109,928
Approximate Total Interest $31,113
Monthly Payment $763.39
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 petroleum engineering from missouri university of science and technology

Petroleum engineers

Projection Rating: A-

Median Annual Wage: $135,690

Percentage of Paycheck to Repay: 6.75%-5.02%

Employment Change: 0.5%

Entry-Level Education: Bachelor's degree

Wind Energy Engineers

Projection Rating: B+

Median Annual Wage: $82,000

Percentage of Paycheck to Repay: 11.17%-8.31%

Employment Change: 0.5%

Entry-Level Education: Bachelor's degree

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Investing in your education is one of the most significant decisions you can make for your future, and a Petroleum Engineering Degree from Missouri University of Science and Technology offers an exceptional return on investment (ROI). With the global demand for energy and resources continuously rising, graduates with a degree in petroleum engineering are positioned at the forefront of a dynamic and lucrative industry.

The Missouri University of Science and Technology (Missouri S&T) is renowned for its rigorous academic programs and cutting-edge research in petroleum engineering. Students gain hands-on experience with advanced technologies, making them highly sought after by employers in the oil and gas sector. The university’s strong industry connections and dedicated career services help graduates secure rewarding positions shortly after completing their degree.

According to recent statistics, petroleum engineers earn some of the highest starting salaries compared to other engineering disciplines. Graduates from Missouri S&T can expect competitive salaries, with many entering the workforce with offers exceeding $80,000 annually. This impressive earning potential provides a quick path to recouping educational expenses.

Moreover, the ROI of a petroleum engineering degree extends beyond immediate salary figures. Graduates often experience significant salary growth throughout their careers, with many professionals earning over $150,000 annually within a decade of graduation. The versatility of a petroleum engineering degree also allows graduates to explore various career paths, including roles in renewable energy, environmental consulting, and project management, further enhancing their earning potential.

In addition to financial benefits, pursuing a Petroleum Engineering Degree from Missouri S&T equips students with valuable skills such as problem-solving, critical thinking, and technical expertise. These competencies are not only applicable in the energy sector but also in diverse fields, making graduates adaptable in a constantly evolving job market.

Ultimately, the decision to pursue a petroleum engineering degree at Missouri University of Science and Technology is an investment in your future. With high earning potential, robust career opportunities, and a solid educational foundation, graduates can look forward to a prosperous and fulfilling career in one of the most essential industries in the world.

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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