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
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
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Illinois Institute of Technology | $65,386 | $81,421 | +25% |
| Northwestern University | $75,253 | $92,129 | +22% |
| University of Illinois Urbana-Champaign | $80,187 | $87,705 | +9% |
| Bradley University | $71,746 | $81,887 | +14% |
| Southern Illinois University-Carbondale | $69,454 | $80,996 | +17% |
Compare to Similar Programs in Illinois
Mechanical Engineering bachelors's programs at peer institutions in Illinois (10 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $51,763 | $65,386 | $81,421 | $27,000 | 0.41 | |
| $16,004 | $80,187 | $87,705 | $20,500 | 0.26 | |
| $65,997 | $75,253 | $92,129 | $15,334 | 0.20 | |
| $39,680 | $71,746 | $81,887 | $27,000 | 0.38 | |
| $14,338 | $69,871 | $77,381 | $21,500 | 0.31 | |
| $13,244 | $69,454 | $80,996 | $24,250 | 0.35 | |
| National Median | — | $70,744 | — | $24,755 | 0.35 |
Career Paths
Occupations commonly associated with mechanical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Aerospace Engineers
Mechanical Engineers
Fuel Cell Engineers
Automotive Engineers
Engineering Teachers, Postsecondary
Cost Estimators
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.