Rankings / Masters
Best Master's in Electrical Engineering
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Pursuing a master's degree in electrical engineering opens doors to rewarding careers. With an average earnings potential of about $94,941, graduates from these programs are well positioned in a competitive job market. As we explore the top schools in this category, it's clear that they share a commitment to academic excellence and student success.
What stands out among the best programs is not just the quality of education but the outcomes that come with it. Metrics like graduate earnings, debt levels, and completion rates provide a clearer picture of what students can expect. For example, schools that deliver higher earnings also tend to have lower average debt, allowing graduates to enter their careers with a stronger financial footing.
Consider two top contenders: the Massachusetts Institute of Technology and the United States Merchant Marine Academy. MIT graduates earn an impressive $143,372 on average, with a 96% graduation rate, while the Merchant Marine Academy students see lower earnings at $90,610 and a graduation rate of 81%. This contrast highlights how different factors like institutional support and program depth can influence outcomes significantly.
Key Findings
Graduates from MIT earn an average of $143,372, the highest on this list.
Princeton has the lowest net price at $6,128, making it a financially attractive option.
Georgia Tech graduates face the highest average debt of $21,672 despite strong earnings.
The average graduation rate across these programs is 87%, showing strong student completion.
Quick Numbers
How We Ranked
Master's programs ranked by graduate earnings, mobility, and program concentration in 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
The data reveals an interesting trend when we compare Stanford University and Georgia Tech. Stanford graduates earn $124,080 on average with a graduation rate of 92%, whereas Georgia Tech's graduates earn $102,772 but have a higher debt burden of $21,672. This illustrates how some programs can deliver strong financial outcomes while managing costs more effectively.
As you consider these schools, think about your priorities. Location, program fit, and the campus environment are crucial factors that should weigh into your decision. For instance, if you value a lower cost of living, a school with a lower net price may be more appealing, even if it offers slightly lower earnings potential.
Ultimately, the choice of a graduate program shapes the trajectory of a career. For many families, investing in a master's degree is a significant decision. With data indicating that higher earnings can lead to greater stability, the right program can pave the way for a secure future. It's about finding a balance between educational quality and personal circumstances.
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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