Analysis
Chicago's prestigious reputation doesn't guarantee chemical engineering graduates the highest earnings in Illinois. Based on four comparable programs in the state, first-year earnings hover around $71,000—well below Northwestern's $80,700 and trailing UIUC's $77,400. With estimated debt of $25,900, the financial picture remains manageable (about 37% of first-year income), but parents should recognize they're not paying for a clear earnings advantage in this field.
The gap between Chicago's 5% admission rate and its middling engineering outcomes reveals an important truth: elite university prestige doesn't always translate across all majors. Chemical engineering is a field where program-specific resources—labs, industry partnerships, regional placement networks—matter as much as selectivity. The fact that two Illinois public universities outperform Chicago's estimated outcomes suggests that for this particular major, institutional reputation alone isn't driving results.
For families considering Chicago specifically for chemical engineering, the estimated $26,000 in debt is reasonable, but the earnings trajectory makes this less about exceptional returns and more about accessing Chicago's broader academic environment. If your child is set on chemical engineering as a career path, the data suggests looking hard at programs with demonstrated placement success in the field, regardless of overall institutional prestige.
Where University of Chicago Stands
Earnings vs. debt across all chemical engineering bachelors's programs nationally
Compare to Similar Programs in Illinois
Chemical Engineering bachelors's programs at peer institutions in Illinois (5 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $66,939 | $70,983* | — | $25,918* | — | |
| $65,997 | $80,709* | $100,444 | $16,500* | 0.20 | |
| $16,004 | $77,440* | $93,416 | $22,850* | 0.30 | |
| $51,763 | $64,526* | $86,454 | $26,747* | 0.41 | |
| $14,338 | $58,377* | $77,771 | $23,875* | 0.41 | |
| National Median | — | $72,974* | — | $23,250* | 0.32 |
Career Paths
Occupations commonly associated with chemical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Chemical Engineers
Bioengineers and Biomedical Engineers
Engineering Teachers, Postsecondary
Engineers, All Other
Energy Engineers, Except Wind and Solar
Mechatronics Engineers
Microsystems Engineers
Photonics Engineers
Robotics Engineers
Nanosystems Engineers
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 University of Chicago, approximately 14% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 4 similar programs in IL. Actual outcomes may vary.