Analysis
Penn Engineering's biomedical program produces exceptional early-career outcomes, with graduates earning $93,310 in their first year—significantly above Pennsylvania's median of $70,601 and ranking in the 95th percentile nationally. Even among the state's competitive biomedical programs, Penn graduates out-earn peers at Drexel ($74,860) and Lehigh ($72,440) by substantial margins. The debt picture is equally impressive: at $15,593, graduates carry roughly half the state median ($27,000) and well below the national average ($23,246).
The catch? These figures represent a small cohort of fewer than 30 graduates, so individual outcomes may vary more than these numbers suggest. Still, the fundamental math works strongly in graduates' favor. With a debt-to-earnings ratio of just 0.17, typical graduates could theoretically pay off their loans in under two months of gross pay. Earnings also grow steadily, reaching $105,728 by year four—a 13% gain that suggests strong career trajectory rather than a ceiling effect.
For families who can navigate Penn's 6% admission rate, this program combines prestige with practical financial returns. The low debt load is particularly noteworthy at an elite private institution, likely reflecting generous financial aid (though only 16% of students receive Pell grants, indicating limited economic diversity). If your student has the credentials to gain admission, the investment case here is straightforward.
Where University of Pennsylvania Stands
Earnings vs. debt across all biomedical/medical engineering bachelors's programs nationally
Earnings Distribution
How University of Pennsylvania 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 Pennsylvania | $93,310 | $105,728 | +13% |
| Massachusetts Institute of Technology | $70,696 | $116,182 | +64% |
| University of Pittsburgh-Pittsburgh Campus | $67,627 | $91,369 | +35% |
| Drexel University | $74,860 | $88,294 | +18% |
| Lehigh University | $72,440 | $84,975 | +17% |
Compare to Similar Programs in Pennsylvania
Biomedical/Medical Engineering bachelors's programs at peer institutions in Pennsylvania (12 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $66,104 | $93,310 | $105,728 | $15,593 | 0.17 | |
| $60,663 | $74,860 | $88,294 | $30,697 | 0.41 | |
| $62,180 | $72,440 | $84,975 | $26,000 | 0.36 | |
| $53,638 | $68,762 | — | $27,000 | 0.39 | |
| $21,524 | $67,627 | $91,369 | $27,000 | 0.40 | |
| $22,082 | $54,415 | — | $27,000 | 0.50 | |
| 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 University of Pennsylvania, approximately 16% 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 20 graduates with reported earnings and 28 graduates with debt data. Small samples may not be representative.