Est. Earnings (1yr)
$77,828
Est. from MA median (11 programs)
Est. Median Debt
$26,400
Est. from MA median (7 programs)

Analysis

Harvard's mechanical engineering program faces an unusual problem: it's harder to evaluate than peer programs because reported data is too limited to publish. Based on comparable mechanical engineering programs in Massachusetts, graduates might expect around $78,000 in first-year earnings—respectable, but trailing MIT's $84,000 and Olin's $88,000 for the same degree. The estimated $26,400 debt load sits right at the state median, producing a healthy 0.34 debt-to-earnings ratio that suggests manageable repayment.

What makes this tricky is the uncertainty premium. You're paying Harvard prices and banking on Harvard prestige, but the earnings signal from similar Massachusetts programs suggests mechanical engineering may not be where that premium delivers maximum value. MIT and Olin graduates demonstrably out-earn the state median by meaningful margins. Whether Harvard's 3% admit rate and world-class brand translate to similar advantages in mechanical engineering careers remains an open question when the school's own outcomes data is too sparse to publish.

The fundamentals look sound—strong estimated earnings, reasonable debt—but parents should recognize they're making this investment without the outcome transparency available at peer institutions where mechanical engineering is a larger, more established program.

Where Harvard University Stands

Earnings vs. debt across all mechanical engineering bachelors's programs nationally

Compare to Similar Programs in Massachusetts

Mechanical Engineering bachelors's programs at peer institutions in Massachusetts (13 total in state)

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Harvard UniversityCambridge$59,076$77,828*—$26,400*—
Franklin W Olin College of EngineeringNeedham$64,458$87,590*$96,456—*—
Massachusetts Institute of TechnologyCambridge$60,156$83,957*$98,644$11,334*0.13
Northeastern UniversityBoston$63,141$80,255*$91,235$25,893*0.32
Tufts UniversityMedford$67,844$78,441*$83,448$16,500*0.21
Worcester Polytechnic InstituteWorcester$59,070$78,182*$83,729$27,000*0.35
National Median—$70,744*—$24,755*0.35
* Estimated from similar programs

Career Paths

Occupations commonly associated with mechanical 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

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

Mechanical Engineers

Perform engineering duties in planning and designing tools, engines, machines, and other mechanically functioning equipment. Oversee installation, operation, maintenance, and repair of equipment such as centralized heat, gas, water, and steam systems.

$102,320/yrJobs growth:Bachelor's degree

Fuel Cell Engineers

Design, evaluate, modify, or construct fuel cell components or systems for transportation, stationary, or portable applications.

$102,320/yrJobs growth:Bachelor's degree

Automotive Engineers

Develop new or improved designs for vehicle structural members, engines, transmissions, or other vehicle systems, using computer-assisted design technology. Direct building, modification, or testing of vehicle or components.

$102,320/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:

Cost Estimators

Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.

$77,070/yrJobs growth:Bachelor's degree
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 Harvard University, approximately 16% 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.