Rankings / Masters
Best Master's in Engineering
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Choosing the right master's program in engineering can significantly impact your career trajectory. With average earnings for graduates in this field reaching $94,941, prospective students are weighing their options carefully. This list highlights 50 programs that excel in key metrics like graduate earnings, mobility, and program concentration, helping you make an informed decision.
The standout schools in this ranking share impressive outcomes that matter most to students: strong graduation rates, manageable debt levels, and high earning potential. For instance, the top programs not only have graduation rates averaging 87% but also vary widely in net price and debt. Understanding these differences can guide students in selecting a program that aligns with their financial and career goals.
Take Massachusetts Institute of Technology (MIT) as a benchmark with earnings of $143,372 and a grad rate of 96%. In contrast, the United States Merchant Marine Academy has a lower earning potential of $90,610 and an 81% graduation rate. This illustrates how the financial return on investment can differ significantly, underscoring the importance of matching personal priorities with program metrics.
Key Findings
Massachusetts Institute of Technology graduates earn an average of $143,372, the highest on this list.
Princeton University has a remarkable 97% graduation rate with a low net price of $6,128.
Georgia Institute of Technology has the highest debt level among the top five, at $21,672.
The average graduation rate for these 50 schools is 87%, indicating strong completion outcomes.
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
When comparing schools, it's evident that MIT outperforms the United States Merchant Marine Academy in both earnings and graduation rates. While MIT graduates can expect to earn $143,372, the Merchant Marine Academy's average earnings are significantly lower at $90,610. This difference highlights the importance of evaluating not just the program but the potential financial outcomes associated with each.
Now that you’ve seen the data, it’s essential to consider how these numbers fit into your life. Think about what matters most to you: location, the specific engineering concentration, or campus culture? For example, if you prioritize a lower cost of living, a school like Princeton with its low net price might be a better fit, even if its earning potential is slightly lower than MIT’s.
Ultimately, this data reveals the critical link between a master’s degree in engineering and a stable financial future. For many families, this decision could shape their long-term financial health. Choosing the right program is not just about the numbers; it’s about finding the right balance between quality education and a manageable financial commitment.
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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