Musicians Institute— Earnings & Cost Trends
Graduate Earnings
$32,778
in 2021+9% since 2008
Median Graduate Earnings Over Time
Net Price (Annual Cost) Over Time
Graduation Rate Over Time
Key Insights
- •Earnings grew 9% since 2008 — graduates are earning more over time
- •Net price increased 21% since 2010 — costs are rising faster than inflation
- •Graduation rate declined by 16 percentage points since 1998
Year-by-Year Data
| Year | Earnings | Net Price | Grad Rate | Debt |
|---|---|---|---|---|
| 1998 | — | — | 69% | $4,250 |
| 1999 | — | — | 67% | $4,250 |
| 2000 | — | — | 69% | $4,416 |
| 2001 | — | — | 91% | $4,416 |
| 2002 | — | — | 66% | $4,416 |
| 2003 | — | — | 100% | $4,416 |
| 2004 | — | — | 26% | $4,416 |
| 2005 | — | — | 53% | $4,416 |
| 2006 | — | — | 40% | $4,416 |
| 2007 | — | — | 31% | $4,416 |
| 2008 | $30,100 | — | 55% | $4,855 |
| 2009 | — | — | 62% | $5,000 |
| 2010 | $28,100 | $38,402 | 60% | $6,334 |
| 2011 | — | $30,910 | 54% | $6,334 |
| 2012 | $26,100 | $34,583 | 47% | $6,334 |
| 2013 | $25,700 | $36,223 | 53% | $6,334 |
| 2014 | $27,300 | $35,680 | 54% | $6,333 |
| 2015 | $30,100 | $36,437 | 48% | $6,316 |
| 2016 | — | $36,757 | 52% | $6,334 |
| 2017 | — | $35,930 | 34% | $6,334 |
| 2018 | — | $36,956 | 61% | $6,334 |
| 2019 | — | $35,997 | 58% | $6,334 |
| 2020 | — | $34,558 | 62% | $6,334 |
| 2021 | $32,778 | $37,835 | 50% | $6,334 |
| 2022 | — | $36,228 | 54% | — |
| 2023 | — | $36,558 | 48% | — |
| 2024 | — | $37,793 | 46% | — |
| 2025 | — | $46,518 | 53% | — |