Est. Earnings (1yr)
$82,798
Est. from MA median (11 programs)
Est. Median Debt
$26,000
Est. from MA median (6 programs)

Analysis

Olin College's engineering selectivity (22% admission rate, 1540 average SAT) suggests outcomes should rival MIT or Northeastern, but without reported graduate data, we're left estimating from Massachusetts state medians. Those benchmarks—roughly $83,000 in first-year earnings against $26,000 in debt—match what schools like Wentworth and Western New England produce, not what you'd expect from an institution attracting students at near-Ivy academic levels.

The debt-to-earnings ratio of 0.31 looks manageable on paper, and electrical engineering typically offers strong long-term prospects regardless of where you study it. But for families choosing between Olin and schools with transparent outcomes, the comparison is stark: MIT graduates in this field earn $117,000 their first year, Worcester Poly graduates clear $90,000, and even these schools serve students with similar credentials. The estimation based on state peers may undersell Olin's actual performance—or it may not. Without data, that's a $35,000 question mark.

The strategic issue is clarity. When peer institutions publish outcomes showing engineering graduates thriving, prospective families can evaluate return on investment with confidence. Here, you're betting that Olin's innovative curriculum and tight-knit community translate to results that exceed what the estimates suggest, despite paying roughly the same debt burden as programs with proven track records.

Where Franklin W Olin College of Engineering Stands

Earnings vs. debt across all electrical, electronics and communications engineering bachelors's programs nationally

Compare to Similar Programs in Massachusetts

Electrical, Electronics and Communications Engineering bachelors's programs at peer institutions in Massachusetts (17 total in state)

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Franklin W Olin College of EngineeringNeedham$64,458$82,798*—$26,000*—
Massachusetts Institute of TechnologyCambridge$60,156$117,345*$172,897$11,935*0.10
Northeastern UniversityBoston$63,141$92,222*$95,290$24,835*0.27
Worcester Polytechnic InstituteWorcester$59,070$89,897*$91,694$26,977*0.30
Western New England UniversitySpringfield$46,430$83,808*—$26,000*0.31
Wentworth Institute of TechnologyBoston$41,010$82,962*$91,287$26,000*0.31
National Median—$77,710*—$24,989*0.32
* Estimated from similar programs

Career Paths

Occupations commonly associated with electrical, electronics and communications engineering graduates

Architectural and Engineering Managers

Plan, direct, or coordinate activities in such fields as architecture and engineering or research and development in these fields.

$167,740/yrJobs growth:Bachelor's degree

Biofuels/Biodiesel Technology and Product Development Managers

Define, plan, or execute biofuels/biodiesel research programs that evaluate alternative feedstock and process technologies with near-term commercial potential.

$167,740/yrJobs growth:Bachelor's degree

Computer Hardware Engineers

Research, design, develop, or test computer or computer-related equipment for commercial, industrial, military, or scientific use. May supervise the manufacturing and installation of computer or computer-related equipment and components.

$155,020/yrJobs growth:Bachelor's degree

Aerospace Engineers

Perform engineering duties in designing, constructing, and testing aircraft, missiles, and spacecraft. May conduct basic and applied research to evaluate adaptability of materials and equipment to aircraft design and manufacture. May recommend improvements in testing equipment and techniques.

$134,830/yrJobs growth:Bachelor's degree

Electrical Engineers

Research, design, develop, test, or supervise the manufacturing and installation of electrical equipment, components, or systems for commercial, industrial, military, or scientific use.

$118,780/yrJobs growth:Bachelor's degree

Electronics Engineers, Except Computer

Research, design, develop, or test electronic components and systems for commercial, industrial, military, or scientific use employing knowledge of electronic theory and materials properties. Design electronic circuits and components for use in fields such as telecommunications, aerospace guidance and propulsion control, acoustics, or instruments and controls.

$118,780/yrJobs growth:Bachelor's degree

Radio Frequency Identification Device Specialists

Design and implement radio frequency identification device (RFID) systems used to track shipments or goods.

$118,780/yrJobs growth:Bachelor's degree

Engineering Teachers, Postsecondary

Teach courses pertaining to the application of physical laws and principles of engineering for the development of machines, materials, instruments, processes, and services. Includes teachers of subjects such as chemical, civil, electrical, industrial, mechanical, mineral, and petroleum engineering. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Engineers, All Other

All engineers not listed separately.

Energy Engineers, Except Wind and Solar

Design, develop, or evaluate energy-related projects or programs to reduce energy costs or improve energy efficiency during the designing, building, or remodeling stages of construction. May specialize in electrical systems; heating, ventilation, and air-conditioning (HVAC) systems; green buildings; lighting; air quality; or energy procurement.

Mechatronics Engineers

Research, design, develop, or test automation, intelligent systems, smart devices, or industrial systems control.

Microsystems Engineers

Research, design, develop, or test microelectromechanical systems (MEMS) devices.

About This Data

Source: U.S. Department of Education College Scorecard (October 2025 release)

Population: Graduates who received federal financial aid (Title IV grants or loans). At Franklin W Olin College of Engineering, approximately 13% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.

Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.

Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.

Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 11 similar programs in MA. Actual outcomes may vary.