Median Earnings (1yr)
$63,169
5th percentile
Median Debt
$27,000
8% above national median

Analysis

Illinois Tech's aerospace engineering program lands graduates in the bottom 5th percentile nationally for starting salaries—earning $63,169 versus a $72,210 national median. That's a significant gap in a field where employers typically pay premium wages right out of school. Within Illinois, where only IIT and UIUC offer this major, the program ranks 40th percentile, with UIUC graduates earning nearly $13,000 more initially. The modest $27,000 debt load provides some cushion, but it can't fully offset the earnings disadvantage.

The trajectory offers limited consolation. While earnings do grow to $74,484 by year four—an 18% increase—that's still $3,000 below what peer aerospace programs achieve nationally in year one. For a program at a selective engineering school (1296 average SAT), these outcomes suggest employers aren't valuing IIT's aerospace credentials on par with competitors. The moderate sample size (30-100 graduates) indicates this isn't an anomaly from one or two outliers.

For families paying private school tuition, this is a tough value proposition. Your child could likely access higher-paying aerospace opportunities at UIUC's in-state rates or at other aerospace programs that place graduates closer to industry standards. Unless IIT offers specific research opportunities or industry connections you can't find elsewhere, the financial case here is weak.

Where Illinois Institute of Technology Stands

Earnings vs. debt across all aerospace, aeronautical and astronautical engineering bachelors's programs nationally

Earnings Distribution

How Illinois Institute of Technology graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Illinois Institute of Technology$63,169$74,484+18%
California Polytechnic State University-San Luis Obispo$85,509$101,270+18%
University of Southern California$78,980$97,304+23%
University of Michigan-Ann Arbor$80,225$97,263+21%
University of Illinois Urbana-Champaign$75,859$93,533+23%

Compare to Similar Programs in Illinois

Aerospace, Aeronautical and Astronautical Engineering bachelors's programs at peer institutions in Illinois (2 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Illinois Institute of TechnologyChicago$51,763$63,169$74,484$27,0000.43
University of Illinois Urbana-ChampaignChampaign$16,004$75,859$93,533$23,9510.32
National Median—$72,210—$25,0000.35

Career Paths

Occupations commonly associated with aerospace, aeronautical and astronautical 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

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

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:

Aerospace Engineering and Operations Technologists and Technicians

Operate, install, adjust, and maintain integrated computer/communications systems, consoles, simulators, and other data acquisition, test, and measurement instruments and equipment, which are used to launch, track, position, and evaluate air and space vehicles. May record and interpret test data.

$79,830/yrJobs growth:Associate's degree

Avionics Technicians

Install, inspect, test, adjust, or repair avionics equipment, such as radar, radio, navigation, and missile control systems in aircraft or space vehicles.

$79,140/yrJobs growth:Postsecondary nondegree award
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 Illinois Institute of Technology, approximately 29% 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.

Sample Size: Based on 34 graduates with reported earnings and 31 graduates with debt data. Small samples may not be representative.