Median Earnings (1yr)
$63,169
5th percentile
Median Debt
$27,000
8% above national median
Debt-to-Earnings
0.43
Manageable
Sample Size
34
Adequate data

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

Illinois Institute of TechnologyOther aerospace, aeronautical and astronautical engineering programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Illinois Institute of Technology graduates compare to all programs nationally

Illinois Institute of Technology graduates earn $63k, placing them in the 5th percentile of all aerospace, aeronautical and astronautical engineering bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Illinois

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

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Illinois Institute of Technology$63,169$74,484$27,0000.43
University of Illinois Urbana-Champaign$75,859$93,533$23,9510.32
National Median$72,210—$25,0000.35

Other Aerospace, Aeronautical and Astronautical Engineering Programs in Illinois

Compare tuition, earnings, and debt across Illinois schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Illinois Urbana-Champaign
Champaign
$16,004$75,859$23,951

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.