Analysis
Michigan Tech's biomedical engineering program doesn't lead the state in starting salaries—it ranks below Michigan-Ann Arbor and Lawrence Tech initially—but the trajectory tells a different story. Graduates see 35% earnings growth by year four, reaching $86,435, which significantly outpaces the typical pattern for this major. That $27,000 median debt sits right at Michigan's state median but represents exceptionally good value: you're looking at roughly 5 months of first-year salary to cover the debt, placing this program in the 95th percentile nationally for affordability.
The moderate sample size (30-100 graduates) means these numbers reflect actual outcomes but could shift year to year. Still, the combination of reasonable debt and strong earnings momentum is hard to ignore. Starting at $63,831 puts graduates just slightly below the national median, but by year four they've pulled well ahead of where most biomedical engineering grads end up. For context, Michigan Tech serves a primarily non-Pell student body (82%), suggesting families are paying out of pocket for what appears to be solid career preparation.
The value proposition here is straightforward: you're trading a middle-of-the-pack starting salary for strong upward mobility and minimal debt burden. If your child can handle the rigor and doesn't need to maximize year-one earnings, this program delivers better than its 40th percentile state ranking would suggest.
Where Michigan Technological University Stands
Earnings vs. debt across all biomedical/medical engineering bachelors's programs nationally
Earnings Distribution
How Michigan Technological University 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 |
|---|---|---|---|
| Michigan Technological University | $63,831 | $86,435 | +35% |
| Massachusetts Institute of Technology | $70,696 | $116,182 | +64% |
| Northwestern University | $68,592 | $108,516 | +58% |
| University of Pennsylvania | $93,310 | $105,728 | +13% |
| University of Michigan-Ann Arbor | $70,307 | $84,138 | +20% |
Compare to Similar Programs in Michigan
Biomedical/Medical Engineering bachelors's programs at peer institutions in Michigan (7 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $18,392 | $63,831 | $86,435 | $27,000 | 0.42 | |
| $17,228 | $70,307 | $84,138 | $20,000 | 0.28 | |
| $41,872 | $64,298 | — | $27,000 | 0.42 | |
| $14,944 | $38,593 | — | $31,000 | 0.80 | |
| National Median | — | $64,660 | — | $23,246 | 0.36 |
Career Paths
Occupations commonly associated with biomedical/medical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Bioengineers and Biomedical Engineers
Engineering Teachers, Postsecondary
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 Michigan Technological University, approximately 18% 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 61 graduates with reported earnings and 64 graduates with debt data. Small samples may not be representative.