Student Outcomes
- Graduation Rate (4-year)
- 79.5%
- Graduation Rate (6-year)
- 77.8%
- Retention Rate
- 93.6%
- Median Earnings (10 years after entry)
- $34,483
- Median Debt at Graduation
- $27,000
- Student-to-Faculty Ratio
- 5:1
- Loan Repayment Rate
- 78.8%
- Estimated Monthly Loan Payment
- $286/mo
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Music. | Master | $24,035 | $41,000 |
| Music. | Bachelor | $11,851 | $26,983 |
Outcomes Overview
New England Conservatory graduates face a harsh financial reality that mirrors the broader music industry. The median debt of $27,000 creates a debt-to-earnings ratio of 78%, well above the recommended 40% threshold. Monthly loan payments of $286 consume 10% of the typical graduate's $34,483 median salary. Most alumni pursue careers as classical performers, music educators, or session musicians, fields known for inconsistent income streams. The 78.76% loan repayment rate suggests many struggle with payments. While NEC provides strong training that opens doors to strong orchestras and teaching positions, the financial mathematics are sobering. This represents a weak return on investment for most students.