Analysis
University of Memphis mechanical engineering graduates earn $69,386 in their first year and see solid growth to $80,981 by year four—a 17% increase that suggests steady career progression. More importantly, they carry just $27,500 in debt, placing this program in the 5th percentile nationally for student loans. That debt-to-earnings ratio of 0.40 means graduates can reasonably pay down their loans in about five months of gross salary, an unusually favorable position for a state university engineering program.
The Tennessee context matters here. While this program sits at the 60th percentile statewide, the state's mechanical engineering median ($67,121) runs below the national benchmark. Memphis actually outperforms that state median by $2,265 in year one, and its debt load remains competitive. Given the university's 93% admission rate and its mission serving a substantial Pell-eligible population (40%), these outcomes represent genuine value—especially compared to private alternatives like Christian Brothers ($71,112 with likely higher debt) or Tennessee Tech ($66,228).
For families considering affordable mechanical engineering options in Tennessee, Memphis delivers what matters most: manageable debt combined with earnings that support financial independence. The graduates here aren't commanding Silicon Valley salaries, but they're building stable engineering careers without the debt burden that often accompanies bachelor's degrees. That's a smart trade-off for students who qualify.
Where University of Memphis Stands
Earnings vs. debt across all mechanical engineering bachelors's programs nationally
Earnings Distribution
How University of Memphis 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 |
|---|---|---|---|
| University of Memphis | $69,386 | $80,981 | +17% |
| Vanderbilt University | $78,009 | $84,813 | +9% |
| The University of Tennessee-Chattanooga | $66,517 | $81,689 | +23% |
| The University of Tennessee-Knoxville | $65,756 | $80,833 | +23% |
| Tennessee Technological University | $66,228 | $79,608 | +20% |
Compare to Similar Programs in Tennessee
Mechanical Engineering bachelors's programs at peer institutions in Tennessee (11 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,344 | $69,386 | $80,981 | $27,500 | 0.40 | |
| $63,946 | $78,009 | $84,813 | $14,000 | 0.18 | |
| $37,300 | $71,112 | — | $27,000 | 0.38 | |
| $38,824 | $67,725 | — | $27,000 | 0.40 | |
| $10,144 | $66,517 | $81,689 | $24,904 | 0.37 | |
| $10,084 | $66,228 | $79,608 | $20,500 | 0.31 | |
| 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 University of Memphis, approximately 40% 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 47 graduates with reported earnings and 39 graduates with debt data. Small samples may not be representative.