Median Earnings (1yr)
$65,386
20th percentile (40th in IL)
Median Debt
$27,000
9% above national median
Debt-to-Earnings
0.41
Manageable
Sample Size
66
Adequate data

Analysis

Illinois Institute of Technology's mechanical engineering program charges more but delivers less than its in-state peers. Starting at $65,386, graduates earn about $4,000 below the Illinois median for mechanical engineers and roughly $5,000 below the national benchmark. That's 40th percentile within Illinois—meaning six other programs in the state produce better outcomes—including all the major public universities like U of I Urbana-Champaign ($80k) and UIC ($70k).

The $27,000 debt load is actually reasonable—lower than both state and national averages—but the earnings gap matters more. When your first job pays $65k instead of $70k, that difference compounds over time. The 25% earnings growth to $81k by year four is solid and suggests the degree does open doors eventually, but you're still playing catch-up to what graduates from other Illinois programs earned right out of the gate.

For a private institution with a 1296 average SAT and relatively selective admissions, these outcomes feel underwhelming. If your child has the credentials for IIT, they likely qualify for U of I Urbana-Champaign or UIC—both offering stronger earning potential at lower in-state tuition. Unless IIT is providing substantial merit aid or other compelling reasons to attend, the flagship public options appear to be the smarter financial bet for mechanical engineering.

Where Illinois Institute of Technology Stands

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

Illinois Institute of TechnologyOther mechanical 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 $65k, placing them in the 20th percentile of all mechanical 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

Mechanical Engineering bachelors's programs at peer institutions in Illinois (10 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Illinois Institute of Technology$65,386$81,421$27,0000.41
University of Illinois Urbana-Champaign$80,187$87,705$20,5000.26
Northwestern University$75,253$92,129$15,3340.20
Bradley University$71,746$81,887$27,0000.38
University of Illinois Chicago$69,871$77,381$21,5000.31
Southern Illinois University-Carbondale$69,454$80,996$24,2500.35
National Median$70,744—$24,7550.35

Other Mechanical 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$80,187$20,500
Northwestern University
Evanston
$65,997$75,253$15,334
Bradley University
Peoria
$39,680$71,746$27,000
University of Illinois Chicago
Chicago
$14,338$69,871$21,500
Southern Illinois University-Carbondale
Carbondale
$13,244$69,454$24,250

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 66 graduates with reported earnings and 63 graduates with debt data. Small samples may not be representative.