The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.
Median earnings of all students 3 years after graduation.
EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.
The total debt accrued by the median student at the time of graduation.
The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.
A master's degree in engineering is your ticket to faster career advancement or leadership and research roles in an engineering firm or government organization. Taking 1-2 years to complete, this degree can lead to anywhere from $5,000 to $25,000 more in annual earnings compared to the bachelor’s degree in engineering. Explore the best engineering masters programs below.
Our master’s in engineering rankings cover 143 of the 290 universities available, accounting for 85% of total student conferrals. Three years after completing their degree, graduates earn a weighted average salary of $93,141.
The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.
Median earnings of all students 3 years after graduation.
EarningsPlus: - $1,270
EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.
Debt:$29,155
The total debt accrued by the median student at the time of graduation.
Debt to earnings:0.36
The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.
#2 in Illinois|#97 in Engineering nationally
Northern Illinois University
Dekalb, Illinois
Economic score:0.42
The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.
Median earnings of all students 3 years after graduation.
EarningsPlus: + $3,620
EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.
Debt:$38,478
The total debt accrued by the median student at the time of graduation.
Debt to earnings:0.44
The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.
#3 in Illinois|#106 in Engineering nationally
Northwestern University
Evanston, Illinois
Economic score:0.46
The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.
Median earnings of all students 3 years after graduation.
EarningsPlus: + $22,286
EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.
Debt:$66,217
The total debt accrued by the median student at the time of graduation.
Debt to earnings:0.54
The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.
#4 in Illinois|#109 in Engineering nationally
Illinois Institute of Technology
Chicago, Illinois
Economic score:0.47
The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.
Median earnings of all students 3 years after graduation.
EarningsPlus: - $3,555
EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.
Debt:$37,859
The total debt accrued by the median student at the time of graduation.
Debt to earnings:0.45
The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.
#5 in Illinois|#118 in Engineering nationally
University of Illinois Chicago
Chicago, Illinois
Economic score:0.55
The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.
Median earnings of all students 3 years after graduation.
EarningsPlus: - $15,897
EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.
Debt:$37,173
The total debt accrued by the median student at the time of graduation.
Debt to earnings:0.47
The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.
#6 in Illinois|#130 in Engineering nationally
Loyola University Chicago
Chicago, Illinois
Economic score:0.98
The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.
Median earnings of all students 3 years after graduation.
EarningsPlus: - $13,116
EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.
Debt:$71,692
The total debt accrued by the median student at the time of graduation.
Debt to earnings:0.85
The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.
How long does it take to pay down debt in engineering in Illinois?
Years
Under 6 months
The average debt accrued from a master's degree in engineering is covered by average graduate earnings in under 6 months.
How much do graduates with master's degree in engineering earn in Illinois?
Salary
$84,314
The median master's degree in engineering graduate earns $84,314 3 years after graduating.
How much does a master's degree in engineering cost in Illinois?
Net cost
$14,321
The average annual cost of a master's degree in engineering is $14,321. This is the net cost and considers only students that have received Title IV funds.
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