Rankings / Outcomes
Highest-Paying Colleges for Engineering
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Engineering is a field that continues to drive innovation and economic growth, making it a top choice for many students. Graduates from these programs often command high salaries, reflecting the demand for skilled professionals in various industries. For instance, the average earnings for engineering graduates across this list is $99,776, a figure that speaks to the potential rewards of pursuing this career path.
What sets these schools apart is not just the impressive earnings but also their graduation rates, debt levels, and mobility outcomes. Strong schools tend to have graduation rates above 90%, which means students are not only enrolling but also completing their degrees. Additionally, the average debt among graduates is an important factor, as it can greatly influence a graduate's financial future. This list highlights schools where engineering students can expect substantial earnings while managing their debt responsibly.
Take Massachusetts Institute of Technology, for example, which leads the list with an average earning of $143,372 and a graduation rate of 96%. In contrast, Carnegie Mellon University offers solid outcomes as well, with earnings of $114,862 and a slightly lower graduation rate of 93%. These numbers illustrate the trade-offs students might consider when choosing a school: while MIT offers higher earnings, the costs and debt levels at each institution can vary significantly.
Key Findings
Massachusetts Institute of Technology graduates earn an average of $143,372.
The average graduation rate for these engineering schools is 88%.
Franklin W Olin College of Engineering has a net price of $25,171.
Carnegie Mellon University graduates have an average debt of $21,750.
Quick Numbers
How We Ranked
Ranked by graduate earnings with 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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Stanford University
Stanford, CA
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Harvey Mudd College
Claremont, CA
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Full Rankings
Massachusetts Institute of Technology
Cambridge, MA · 4,535 students · Private nonprofit
Stanford University
Stanford, CA · 7,554 students · Private nonprofit
Harvey Mudd College
Claremont, CA · 921 students · Private nonprofit
Carnegie Mellon University
Pittsburgh, PA · 7,304 students · Private nonprofit
California Institute of Technology
Pasadena, CA · 987 students · Private nonprofit
Princeton University
Princeton, NJ · 5,709 students · Private nonprofit
University of Pennsylvania
Philadelphia, PA · 10,650 students · Private nonprofit
Stevens Institute of Technology
Hoboken, NJ · 4,222 students · Private nonprofit
Georgia Institute of Technology-Main Campus
Atlanta, GA · 18,785 students · Public
Santa Clara University
Santa Clara, CA · 6,552 students · Private nonprofit
Cornell University
Ithaca, NY · 15,995 students · Private nonprofit
Lehigh University
Bethlehem, PA · 5,898 students · Private nonprofit
Franklin W Olin College of Engineering
Needham, MA · 377 students · Private nonprofit
Rensselaer Polytechnic Institute
Troy, NY · 5,714 students · Private nonprofit
Columbia University in the City of New York
New York, NY · 8,973 students · Private nonprofit
Harvard University
Cambridge, MA · 7,601 students · Private nonprofit
Yale University
New Haven, CT · 6,758 students · Private nonprofit
Worcester Polytechnic Institute
Worcester, MA · 5,447 students · Private nonprofit
Colorado School of Mines
Golden, CO · 6,155 students · Public
University of Notre Dame
Notre Dame, IN · 8,818 students · Private nonprofit
Duke University
Durham, NC · 6,442 students · Private nonprofit
Dartmouth College
Hanover, NH · 4,541 students · Private nonprofit
Villanova University
Villanova, PA · 6,938 students · Private nonprofit
SUNY Maritime College
Throggs Neck, NY · 1,285 students · Public
Rose-Hulman Institute of Technology
Terre Haute, IN · 2,309 students · Private nonprofit
Kettering University
Flint, MI · 1,205 students · Private nonprofit
Brown University
Providence, RI · 7,226 students · Private nonprofit
Vanderbilt University
Nashville, TN · 7,208 students · Private nonprofit
Rice University
Houston, TX · 4,776 students · Private nonprofit
Lafayette College
Easton, PA · 2,757 students · Private nonprofit
Northeastern University
Boston, MA · 17,326 students · Private nonprofit
Bucknell University
Lewisburg, PA · 3,876 students · Private nonprofit
Johns Hopkins University
Baltimore, MD · 5,693 students · Private nonprofit
Washington and Lee University
Lexington, VA · 1,881 students · Private nonprofit
California State University Maritime Academy
Vallejo, CA · 804 students · Public
University of Southern California
Los Angeles, CA · 20,443 students · Private nonprofit
Northwestern University
Evanston, IL · 9,201 students · Private nonprofit
Milwaukee School of Engineering
Milwaukee, WI · 2,654 students · Private nonprofit
Clarkson University
Potsdam, NY · 2,196 students · Private nonprofit
Maine Maritime Academy
Castine, ME · 942 students · Public
Case Western Reserve University
Cleveland, OH · 6,437 students · Private nonprofit
New Jersey Institute of Technology
Newark, NJ · 9,019 students · Public
Washington University in St Louis
St. Louis, MO · 7,857 students · Private nonprofit
United States Merchant Marine Academy
Kings Point, NY · 962 students · Public
George Washington University
Washington, DC · 11,182 students · Private nonprofit
The Cooper Union for the Advancement of Science and Art
New York, NY · 842 students · Private nonprofit
University of California-Berkeley
Berkeley, CA · 33,068 students · Public
Missouri University of Science and Technology
Rolla, MO · 5,521 students · Public
Illinois Institute of Technology
Chicago, IL · 2,833 students · Private nonprofit
California Polytechnic State University-San Luis Obispo
San Luis Obispo, CA · 21,996 students · Public
Looking at the data, a key pattern emerges: while both the Massachusetts Institute of Technology and Harvey Mudd College have high earning potentials, their debt levels differ significantly. MIT graduates face an average debt of $14,768, whereas Harvey Mudd’s graduates leave with about $25,000 in debt. This difference means that while Harvey Mudd's graduates earn $138,687 on average, their debt can affect how quickly they achieve financial stability compared to their MIT counterparts.
After scrolling through 50 schools, it's essential to weigh these numbers against your own priorities. Consider what matters most: Is it the school's location, the specific engineering program, or the overall campus environment? Financial situations also play a critical role—understanding your family's budget and potential debt will help you make an informed decision that aligns with your values.
Ultimately, this data highlights the importance of choosing a college wisely. Families need to understand that the path from college to financial stability is influenced by both earnings and manageable debt. For one family, selecting MIT might mean higher earnings and lower debt, while another might find a fulfilling experience at a school like Harvey Mudd despite the higher cost. Each choice comes with unique implications for the future.
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
Chetty, R., Friedman, J., Saez, E., Turner, N., & Yagan, D. (2017). Mobility Report Cards: The Role of Colleges in Intergenerational Mobility. NBER Working Paper No. 23618. →
U.S. Department of Education. College Scorecard Data. Federal Student Aid, National Center for Education Statistics. →
National Center for Education Statistics. Integrated Postsecondary Education Data System (IPEDS). →
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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