Cost vs. Outcomes
| Metric | Value |
|---|---|
| Median Earnings (10yr post-entry) | $87,130/yr |
| Earnings Premium vs. HS Diploma | +$53,130/yr |
| Median Debt at Graduation | $24,961 |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Master | $97,786 | $168,086 |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Bachelor | $69,702 | $25,000 |
| Rehabilitation and Therapeutic Professions. | Master | $67,800 | |
| Communication Disorders Sciences and Services. | Master | $58,402 | $87,213 |
Analysis
MGH Institute of Health Professions delivers strong financial returns for most graduates, with median earnings of $87,130 placing it well above national averages for health profession schools.
The nursing programs show the widest earnings variation at this school. Advanced nursing graduates earn $97,786 annually but carry crushing debt loads of $168,086, creating a concerning debt-to-income ratio. Entry-level nursing graduates fare much better with $69,702 in earnings and only $25,000 in debt, making this the clear financial winner among MGH programs.
Rehabilitation therapy programs offer solid middle-ground returns at $67,800 without the extreme debt burdens seen in advanced nursing. Speech-language pathology graduates earn $58,402 but face $87,213 in debt, putting this program in questionable financial territory.
Your biggest risk at MGH is choosing an advanced degree program that saddles you with six-figure debt. The school's location in Boston's expensive Charlestown neighborhood drives up living costs during your studies. However, Boston's concentrated healthcare market provides strong job placement opportunities that justify the investment for most programs.
MGH works best financially if you target entry-level nursing or rehabilitation programs where debt stays manageable. Avoid advanced nursing specializations unless you have significant savings or employer tuition assistance. The school reports zero students receiving financial aid, which likely reflects data reporting issues rather than actual aid availability, so investigate scholarship opportunities directly with admissions.
This school makes financial sense for career changers entering healthcare and students who can minimize borrowing through family support or employer sponsorship. Skip MGH if you need substantial financial aid or want to avoid Boston's high cost of living.
Frequently Asked Questions
Is MGH Institute of Health Professions worth the cost?
For most students, yes. With median debt of $24,961 and 10-year earnings of $87,130, graduates typically earn enough to justify the investment. The debt-to-income ratio is manageable compared to many health profession programs.
Which programs at MGH Institute of Health Professions have the best ROI?
Nursing programs offer the strongest returns, with top nursing specialties averaging $97,786 annually. Rehabilitation and therapeutic professions ($67,800) and communication disorders ($58,402) provide decent but lower returns relative to nursing tracks.
How much debt do MGH Institute of Health Professions students graduate with?
The median debt is $24,961, which is relatively low for a specialized health professions school. This manageable debt load helps make the investment worthwhile for most graduates entering well-paying healthcare careers.
Do MGH Institute of Health Professions graduates earn enough to pay off loans?
Most do, with 10-year median earnings of $87,130 providing solid loan repayment capacity. Nursing graduates particularly benefit from strong job markets and competitive salaries in the Boston healthcare system.