Houghton, MI · Private University
Is Michigan Technological University Worth It?
ROI analysis based on real earnings and cost data
Key Numbers
10-Year Earnings
$78,198
median, 10 years after enrollment
In-State Tuition
$18,392
per year
Out-of-State Tuition
$41,340
per year
Total 4-Year Cost
$165,360
tuition only (4 years)
ROI Ratio
1.89x
earnings ÷ annual tuition
Payback Period
3.8 yrs
years to recoup total cost
Graduation Rate
68.7%
6-year graduation rate
Median Debt
$24,990
at graduation
Avg Net Price
$15,729
after aid & scholarships
Earnings vs. Annual Cost
10-year median earnings compared to annual tuition
Michigan Technological University graduates earn $33,198 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 Michigan Technological University ranked by graduate earnings
88 graduates
80 graduates
88 graduates
61 graduates
111 graduates
Earnings shown are 4-year post-graduation medians where available, otherwise 1-year medians.
ROI by Major at Michigan Technological University
All available majors ranked by graduate earnings. Your major matters as much as your school.
Your major matters more than your school
At Michigan Technological University, the gap between the highest-earning major (Computer Engineering: $94,603) and the lowest (Biology, General: $39,967) is $54,636/yr, bigger than the difference between many schools.
| Major | Earnings | ROI |
|---|---|---|
| Computer EngineeringBest ROI | $94,603 | 2.3x |
| Computer Science | $90,596 | 2.2x |
| Electrical, Electronics and Communications Engineering | $89,146 | 2.2x |
| Biomedical/Medical Engineering | $86,435 | 2.1x |
| Chemical Engineering | $86,338 | 2.1x |
| Mechanical Engineering | $82,648 | 2.0x |
| Materials Engineering | $80,921 | 2.0x |
| Computer/Information Technology Administration and Management | $79,637 | 1.9x |
| Mechanical Engineering Related Technologies/Technicians | $76,003 | 1.8x |
| Civil Engineering | $75,832 | 1.8x |
| Engineering-Related Fields(1yr data) | $68,919 | 1.7x |
| Geological/Geophysical Engineering(1yr data) | $63,658 | 1.5x |
| Environmental/Environmental Health Engineering | $62,544 | 1.5x |
| Clinical/Medical Laboratory Science/Research and Allied Professions | $61,235 | 1.5x |
| Management Information Systems and Services(1yr data) | $60,266 | 1.5x |
| Forestry | $53,543 | 1.3x |
| Biology, GeneralLowest | $39,967 | 1.0x |
Earnings are 4-year post-graduation medians where available, otherwise 5-year or 1-year. ROI = earnings ÷ annual tuition.
The Bottom Line
Michigan Technological University offers solid financial returns relative to its cost. Graduates earn $78,198 10 years after starting, $33,198 above the national median of $45,000. The investment pays for itself in roughly 3.8 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.