Rankings / By Major
Best Colleges for Electrical Engineering
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When considering a major in electrical engineering, students and families often look to find the best colleges that will equip them for success. The average earnings for graduates in this field are $94,941, making it a significant choice for those looking to maximize their future income while pursuing their passion in technology and innovation.
What sets the top schools apart in this list are their impressive graduation rates, manageable debt levels, and strong post-graduation earnings. For example, the institutions featured here not only offer rigorous academic programs but also demonstrate high completion rates, with an average of 87%. This data highlights the effectiveness of these programs in preparing students for rewarding careers in engineering.
Take, for instance, the Massachusetts Institute of Technology and Georgia Institute of Technology. MIT graduates enjoy an average earning of $143,372, which is significantly higher than Georgia Tech's $102,772. However, Georgia Tech has a higher debt load at $21,672 compared to MIT's $14,768, illustrating a trade-off between potential earnings and financial burden that students need to consider carefully.
Key Findings
Massachusetts Institute of Technology graduates earn an average of $143,372.
Princeton University boasts a 97% graduation rate with a low net price of $6,128.
Georgia Tech graduates face an average debt of $21,672, the highest among the top five schools.
The average earnings for electrical engineering graduates across all schools on this list is $94,941.
Quick Numbers
How We Ranked
Composite score + program concentration bonus for Engineering
Read our full methodology →Earnings vs. Cost
Each dot is a ranked school. Up = higher earnings. Right = higher cost. Top-left is the best value.
Graduation Rates
Longer bars = higher graduation rate.
Top 3
Massachusetts Institute of Technology
Cambridge, MA
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Princeton University
Princeton, NJ
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Georgia Institute of Technology-Main Campus
Atlanta, GA
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Full Rankings
Massachusetts Institute of Technology
Cambridge, MA · 4,535 students · Private nonprofit
Princeton University
Princeton, NJ · 5,709 students · Private nonprofit
Georgia Institute of Technology-Main Campus
Atlanta, GA · 18,785 students · Public
Stanford University
Stanford, CA · 7,554 students · Private nonprofit
California Institute of Technology
Pasadena, CA · 987 students · Private nonprofit
Johns Hopkins University
Baltimore, MD · 5,693 students · Private nonprofit
The Cooper Union for the Advancement of Science and Art
New York, NY · 842 students · Private nonprofit
Carnegie Mellon University
Pittsburgh, PA · 7,304 students · Private nonprofit
Rice University
Houston, TX · 4,776 students · Private nonprofit
New Mexico Institute of Mining and Technology
Socorro, NM · 995 students · Public
New Jersey Institute of Technology
Newark, NJ · 9,019 students · Public
SUNY Maritime College
Throggs Neck, NY · 1,285 students · Public
Cornell University
Ithaca, NY · 15,995 students · Private nonprofit
Colorado School of Mines
Golden, CO · 6,155 students · Public
Michigan Technological University
Houghton, MI · 5,955 students · Public
Dartmouth College
Hanover, NH · 4,541 students · Private nonprofit
Harvey Mudd College
Claremont, CA · 921 students · Private nonprofit
Duke University
Durham, NC · 6,442 students · Private nonprofit
University of Detroit Mercy
Detroit, MI · 2,438 students · Private nonprofit
Lafayette College
Easton, PA · 2,757 students · Private nonprofit
Illinois Institute of Technology
Chicago, IL · 2,833 students · Private nonprofit
Northwestern University
Evanston, IL · 9,201 students · Private nonprofit
Rensselaer Polytechnic Institute
Troy, NY · 5,714 students · Private nonprofit
Stevens Institute of Technology
Hoboken, NJ · 4,222 students · Private nonprofit
University of Florida
Gainesville, FL · 35,629 students · Public
Missouri University of Science and Technology
Rolla, MO · 5,521 students · Public
Vanderbilt University
Nashville, TN · 7,208 students · Private nonprofit
Milwaukee School of Engineering
Milwaukee, WI · 2,654 students · Private nonprofit
Washington University in St Louis
St. Louis, MO · 7,857 students · Private nonprofit
Columbia University in the City of New York
New York, NY · 8,973 students · Private nonprofit
University of Pennsylvania
Philadelphia, PA · 10,650 students · Private nonprofit
Harvard University
Cambridge, MA · 7,601 students · Private nonprofit
Maine Maritime Academy
Castine, ME · 942 students · Public
Kettering University
Flint, MI · 1,205 students · Private nonprofit
Clarkson University
Potsdam, NY · 2,196 students · Private nonprofit
University of Alabama in Huntsville
Huntsville, AL · 6,591 students · Public
Virginia Polytechnic Institute and State University
Blacksburg, VA · 30,923 students · Public
Brown University
Providence, RI · 7,226 students · Private nonprofit
United States Merchant Marine Academy
Kings Point, NY · 962 students · Public
Lehigh University
Bethlehem, PA · 5,898 students · Private nonprofit
University of Notre Dame
Notre Dame, IN · 8,818 students · Private nonprofit
Worcester Polytechnic Institute
Worcester, MA · 5,447 students · Private nonprofit
Yale University
New Haven, CT · 6,758 students · Private nonprofit
Virginia Military Institute
Lexington, VA · 1,527 students · Public
Massachusetts Maritime Academy
Buzzards Bay, MA · 1,395 students · Public
Case Western Reserve University
Cleveland, OH · 6,437 students · Private nonprofit
Northeastern University
Boston, MA · 17,326 students · Private nonprofit
Wentworth Institute of Technology
Boston, MA · 3,747 students · Private nonprofit
Oregon Institute of Technology
Klamath Falls, OR · 2,892 students · Public
Tufts University
Medford, MA · 7,061 students · Private nonprofit
A closer look at the data reveals a pattern that might be overlooked: while MIT leads in earnings, it also has the lowest debt among the top performers, which contributes to a more favorable financial outcome for graduates. In contrast, Georgia Tech, despite its strong program, has a notable debt level that may impact graduates' financial freedom post-college.
As you sift through these 50 schools, consider your own priorities. Are you willing to take on more debt for potentially higher earnings, as seen at MIT? Or does a lower net price with a solid graduation rate, like Princeton’s, align better with your financial situation? Think about factors like location, campus culture, and job placement services, which can significantly influence your overall experience and success after graduation.
Ultimately, these decisions shape the path from college to a stable life. Every family faces this choice, weighing potential earnings against costs and personal goals. Understanding data like what’s presented here can guide you in making a decision that not only fits your academic aspirations but also aligns with your financial realities.
Data Sources
U.S. Dept of Education College Scorecard
Opportunity Insights Mobility Report Card
Social Capital Atlas
Times Higher Education World Rankings
NCES IPEDS
Sources & Citations
David Krug
Co-Founder, CollegeRanker
David Krug is the co-founder of CollegeRanker and a data systems architect focused on making institutional research accessible to families. He builds the data pipelines and ranking algorithms that power CollegeRanker, drawing from federal datasets and Raj Chetty's Opportunity Insights research to measure what traditional rankings ignore: whether a college actually changes a family's economic trajectory.
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