New Jersey Institute of Technology
New Jersey Institute of Technology — Earnings vs Cost (vs National Average)
New Jersey Institute of Technology at a Glance
The New Jersey Institute of Technology (NJIT) is a public research university in Newark, New Jersey, United States, with a graduate-degree-granting satellite campus in Jersey City. Founded in 1881 with the support of local industrialists and inventors, especially Edward Weston, NJIT opened as Newark Technical School in 1885 with 88 students. As of fall 2022 the university enrolls 12,332 students from 92 countries, about 2,500 of whom live on its main campus in Newark's University Heights distric…
1881
145 years old
$204M
$203.5 million (2025)
4,000
12,000 undergrad · 3,313 grad
990
48 acres
Identity
How to Apply to New Jersey Institute of Technology
Official admissions pageNovember 15 (Early Action I)
$75
Is New Jersey Institute of Technology Worth It?
New Jersey Institute of Technology is one of the strongest value propositions in higher education. At $16,504/year net price and $84,276 median earnings, graduates earn 5.1× their annual cost within a decade of enrolling.
The investment pays for itself in just 0.8 years — among the fastest payback periods of any college we track.
The 73% graduation rate means roughly 27% of students leave without a degree — taking on debt without the earnings boost that completion brings.
Bottom line: New Jersey Institute of Technology delivers strong financial returns that justify the investment for most students.
How New Jersey Institute of Technology compares to peer public colleges of similar tier nationally
Ranked #3 of 10 on value score. Peers are matched by size, median earnings, SAT, and admission rate — not just geography.
| Rank | College | Value | Net price / yr | Median earnings |
|---|---|---|---|---|
| #1 | CUNY City College | 100 | $3,776 | $66,039 |
| #2 | University of Florida-Online | 100 | $4,815 | $71,588 |
| #3 | New Jersey Institute of Technology | 93 | $16,504 | $84,276 |
| #4 | Missouri University of Science and Technology | 81 | $16,298 | $82,957 |
| #5 | University of Maryland-Baltimore County | 75 | $16,467 | $69,960 |
| #6 | Colorado School of Mines | 69 | $28,690 | $97,335 |
Peer group: public colleges within ±60% of New Jersey Institute of Technology's student body size and within a similar academic tier (SAT ±80, admit rate ±10pp, median earnings ±25%). 1 in NJ.
Best Programs at New Jersey Institute of Technology
The highest-earning program at New Jersey Institute of Technology is Computer Engineering at $71,900/year (4 years after graduation). The lowest is Biology, General at $28,800/year.
Your major matters more than the school name — a Computer Engineering graduate from New Jersey Institute of Technology earns $71,900, while a Biology, General graduate earns $28,800. That's more than a 2× difference from the same institution. Choose your program carefully — it's the single biggest lever you control.
Debt also varies by program: Computer Engineering graduates carry $26,625 in median debt vs. $17,525 for Biology, General.
Return on Investment
Estimated 4-Year Cost
Based on $16,504/yr net price × 4 years
Earnings Premium
vs. national average of $53,787/yr
Payback Period
Time to recoup the total cost through higher earnings
10-Year Net Gain
Median earnings over 10 years minus total cost of attendance
Programs & Earnings by Major
Graduate earnings data by field of study (4 years after graduation):
| Major | Earnings (4yr) | Earnings (1yr) | Median Debt |
|---|---|---|---|
| Computer Engineering | $71,900 | $71,900 | $26,625 |
| Electrical, Electronics and Communications Engineering | $68,300 | $68,300 | $26,666 |
| Computer and Information Sciences, General | $62,500 | $62,500 | $23,265 |
| Industrial Engineering | $61,600 | $61,600 | $21,500 |
| Information Science/Studies | $59,500 | $59,500 | $23,000 |
| Mechanical Engineering | $59,000 | $59,000 | $23,950 |
| Civil Engineering | $58,400 | $58,400 | $24,009 |
| Engineering Technology, General | $56,100 | $56,100 | $23,750 |
| Biomedical/Medical Engineering | $55,400 | $55,400 | $20,000 |
| Chemical Engineering | $53,000 | $53,000 | $24,843 |
| Architecture | $45,100 | $45,100 | $31,000 |
| Business Administration, Management and Operations | $43,400 | $43,400 | $20,375 |
| Biology, General | $28,800 | $28,800 | $17,525 |
Similar Colleges in NJ
Quick Facts
- Institution Type
- public
- Location
- Newark, NJ
- Student Body
- 9,019 students
- Admission Rate
- 65%
- Graduation Rate
- 73%
- Net Price (Annual)
- $16,504
- Median Earnings (10yr)
- $84,276
- Median Student Debt
- $21,000