Median Earnings (1yr)
$65,386
20th percentile
40th percentile in Illinois
Median Debt
$27,000
9% above national median

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

School1 Year4 YearsGrowth
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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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Illinois Institute of TechnologyChicago$51,763$65,386$81,421$27,0000.41
University of Illinois Urbana-ChampaignChampaign$16,004$80,187$87,705$20,5000.26
Northwestern UniversityEvanston$65,997$75,253$92,129$15,3340.20
Bradley UniversityPeoria$39,680$71,746$81,887$27,0000.38
University of Illinois ChicagoChicago$14,338$69,871$77,381$21,5000.31
Southern Illinois University-CarbondaleCarbondale$13,244$69,454$80,996$24,2500.35
National Median—$70,744—$24,7550.35

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 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.