Analysis
USC's Computer Engineering program graduates with remarkably low debt—just $9,500, far below the national median of $24,500 for this degree—but the earnings picture raises questions worth examining closely. While similar programs in California suggest first-year earnings around $76,000, USC's reported fourth-year figure of $115,102 shows strong mid-career trajectory. That puts graduates well ahead of the national median ($79,000) by year four, though notably behind several UC campuses and Cal Poly SLO, where grads typically earn $96,000-$112,000 even in their first year out.
The debt-to-earnings ratio of 0.13 is excellent by any standard, meaning graduates could theoretically pay off their loans in under two months of gross income. This largely reflects USC's generous financial aid rather than low tuition—22% of students receive Pell grants, suggesting the university invests heavily in making attendance affordable. For families who qualify for significant aid, this is genuinely one of the best debt outcomes in the state.
The caveat: if your family doesn't qualify for substantial aid at a school where full-pay approaches $90,000 annually, out-of-pocket costs could dwarf that $9,500 median debt figure. Run USC's net price calculator before assuming you'll see similar costs. For students who can attend affordably, the combination of minimal debt and strong mid-career earnings makes this a solid investment, even if first-year outcomes appear to lag some public alternatives.
Where University of Southern California Stands
Earnings vs. debt across all computer engineering bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| University of Southern California | — | $115,102 | — |
| Santa Clara University | $103,804 | $159,782 | +54% |
| University of California-San Diego | $96,256 | $126,160 | +31% |
| California Polytechnic State University-San Luis Obispo | $111,560 | $122,307 | +10% |
| University of California-Davis | $96,418 | $120,745 | +25% |
Compare to Similar Programs in California
Computer Engineering bachelors's programs at peer institutions in California (31 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $68,237 | $75,692* | $115,102 | $9,500 | — | |
| $11,075 | $111,560* | $122,307 | $20,556 | 0.18 | |
| $59,241 | $103,804* | $159,782 | $24,666 | 0.24 | |
| $15,247 | $96,418* | $120,745 | $12,804 | 0.13 | |
| $15,265 | $96,256* | $126,160 | $18,497 | 0.19 | |
| $14,965 | $91,387* | $114,658 | $14,410 | 0.16 | |
| National Median | — | $78,952* | — | $24,500 | 0.31 |
Career Paths
Occupations commonly associated with computer engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Computer Hardware Engineers
Software Developers
Software Quality Assurance Analysts and Testers
Computer Network Architects
Telecommunications Engineering Specialists
Database Architects
Data Warehousing Specialists
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 Southern California, approximately 22% 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 19 similar programs in CA. Actual outcomes may vary.