Chicago, IL · Private University
Is Illinois Institute of Technology Worth It?
ROI analysis based on real earnings and cost data
Key Numbers
10-Year Earnings
$82,592
median, 10 years after enrollment
In-State Tuition
$51,763
per year
Out-of-State Tuition
$51,763
per year
Total 4-Year Cost
$207,052
tuition only (4 years)
ROI Ratio
1.60x
earnings ÷ annual tuition
Payback Period
4.4 yrs
years to recoup total cost
Graduation Rate
72.4%
6-year graduation rate
Median Debt
$25,000
at graduation
Avg Net Price
$19,353
after aid & scholarships
Earnings vs. Annual Cost
10-year median earnings compared to annual tuition
Illinois Institute of Technology graduates earn $37,592 more than the national median of workers with any education level.
What You'd Actually Pay
Average net price after grants and scholarships, by family income
Source: IPEDS net price data. Actual costs vary based on individual financial circumstances.
Highest-Earning Majors
Top programs at Illinois Institute of Technology ranked by graduate earnings
56 graduates
37 graduates
23 graduates
37 graduates
66 graduates
Earnings shown are 4-year post-graduation medians where available, otherwise 1-year medians.
ROI by Major at Illinois Institute of Technology
All available majors ranked by graduate earnings — your major matters as much as your school.
Your major matters more than your school
At Illinois Institute of Technology, the gap between the highest-earning major (Computer Science: $103,119) and the lowest (Architectural Sciences and Technology: $37,948) is $65,171/yr — bigger than the difference between many schools.
| Major | Earnings | ROI |
|---|---|---|
| Computer ScienceBest ROI | $103,119 | 2.0x |
| Electrical, Electronics and Communications Engineering | $89,107 | 1.7x |
| Computer Engineering | $87,437 | 1.7x |
| Chemical Engineering | $86,454 | 1.7x |
| Mechanical Engineering | $81,421 | 1.6x |
| Computer and Information Sciences, General | $77,873 | 1.5x |
| Aerospace, Aeronautical and Astronautical Engineering | $74,484 | 1.4x |
| Civil Engineering | $74,292 | 1.4x |
| Engineering-Related Fields | $67,250 | 1.3x |
| Biomedical/Medical Engineering | $66,587 | 1.3x |
| Architecture | $61,044 | 1.2x |
| Business Administration, Management and Operations | $58,979 | 1.1x |
| Architectural Sciences and TechnologyLowest(1yr data) | $37,948 | 0.7x |
Earnings are 4-year post-graduation medians where available, otherwise 5-year or 1-year. ROI = earnings ÷ annual tuition.
How It Compares
ROI at similar schools
| School | ROI Ratio | Earnings | Verdict |
|---|---|---|---|
| Illinois Institute of Technology | 1.60x | $82,592 | Good ROI |
| University of Dayton | 1.59x | $75,537 | Good ROI |
| Marist University | 1.69x | $77,819 | Good ROI |
| Rensselaer Polytechnic Institute | 1.65x | $102,051 | Good ROI |
| Drake University | 1.44x | $71,901 | Average ROI |
| Illinois Wesleyan University | 1.27x | $70,871 | Average ROI |
The Bottom Line
Illinois Institute of Technology offers solid financial returns relative to its cost. Graduates earn $82,592 10 years after starting — $37,592 above the national median of $45,000. The investment pays for itself in roughly 4.4 years — faster than most colleges.
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Earnings data from the U.S. Department of Education College Scorecard. Tuition data from IPEDS. ROI calculations are for informational purposes only and reflect median outcomes.