2022 Best Value Master’s Degree Colleges for Industrial Engineering (Income $48-$75k)
It’s not easy to decide which college to attend when there so many options available for students. College Factual has developed its “Best Value IE Schools for a Master’s For Those Making $48-$75k” ranking as one item you can use to help make this decision.
Industrial Engineering is the 86th most popular major in the country with 9,448 degrees awarded in 2019-2020. In 2017-2018, industrial engineering graduates who were awarded their degree in 2015-2017, earned an average of $64,716 and had an average of $22,994 in loans still to pay off.
At the master’s degree level specifically, there were 2,617 industrial engineering graduates with average earnings and debt of $56,398 and $43,194 respectively.
This year’s “Best Value IE Schools for a Master’s For Those Making $48-$75k” ranking looked at 83 colleges that offer degrees in a bachelor’s in industrial engineering. The schools that top this list are recognized because they have great industrial engineering programs and cost less that schools of similar quality.
To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the industrial engineering program at the school. For more information, check out our ranking methodology.
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One Size Does Not Fit All
The ie school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value IE Schools for a Master’s For Those Making $48-$75k”.
We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.
Best Value IE Schools for a Master’s For Those Making $48-$75k
The colleges and universities below are the best for master’s degree ie students whose families make $48-$75k.
Top 25 Best Value Master’s Degree Colleges for Industrial Engineering (Income $48-$75k)
You’ll be in good company if you decide to attend Northwestern University. It ranked #1 on our 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k list. Northwestern University is a private not-for-profit institution located in Evanston, Illinois. The school has a large population, and it awarded 15 masters’s degrees in 2019-2020.
Northwestern not only placed well in this ranking. It is also #2 on our “Best Industrial Engineering Master’s Degree Schools” list. Average graduate tuition and fees at Northwestern are $56,567, but some majors have different tuition rates.
You’ll be in good company if you decide to attend Columbia University in the City of New York. It ranked #2 on our 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k list. Columbia is located in New York, New York and, has a large student population. In 2019-2020, this school awarded 99 masters’s IE degrees to qualified students.
As a testament to the quality of education offered at Columbia, the school also landed the #1 spot in our “Best Industrial Engineering Master’s Degree Schools” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Columbia are $51,194.
Out of the 83 schools in the Best Value IE Schools for a Master’s For Those Making $48-$75k that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #3 spot on the list. Ann Arbor, Michigan is the setting for this large institution of higher learning. The public school handed out masters’s IE degrees to 66 students in 2019-2020.
U-M also made our “Best Industrial Engineering Master’s Degree Schools” list, coming in at #4. Average graduate tuition and fees at University of Michigan - Ann Arbor are $49,548, but you may pay more or less depending on your major.
Out of the 83 schools in the Best Value IE Schools for a Master’s For Those Making $48-$75k that were part of this year’s ranking, University of Washington - Seattle Campus landed the #4 spot on the list. UW Seattle is a large public school situated in Seattle, Washington. It awarded 26 masters’s IE degrees in 2019-2020.
UW Seattle not only placed well in this ranking. It is also #12 on our “Best Industrial Engineering Master’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Washington - Seattle Campus are $30,294.
Read more about Industrial Engineering at University of Washington - Seattle Campus
Out of the 83 schools in the Best Value IE Schools for a Master’s For Those Making $48-$75k that were part of this year’s ranking, Purdue University - Main Campus landed the #5 spot on the list. West Lafayette, Indiana is the setting for this large institution of higher learning. The public school handed out masters’s IE degrees to 81 students in 2019-2020.
In addition to being on our master’s degree ie students whose families make $48-$75k list, Purdue has also earned the #11 rank in our “Best Industrial Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Purdue University - Main Campus are $28,794, but you may pay more or less depending on your major.
Read more about Industrial Engineering at Purdue University - Main Campus
University of Wisconsin - Madison did quite well in the 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k ranking, coming in at #6. University of Wisconsin - Madison is a large school located in Madison, Wisconsin that handed out 29 masters’s IE degrees in 2019-2020.
As a testament to the quality of education offered at UW - Madison, the school also landed the #10 spot in our “Best Industrial Engineering Master’s Degree Schools” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UW - Madison are $25,523.
University of Illinois at Urbana-Champaign ranked #7 on this year’s Best Value IE Schools for a Master’s For Those Making $48-$75k list. UIUC is a large public school situated in Champaign, Illinois. It awarded 13 masters’s IE degrees in 2019-2020.
UIUC also made our “Best Industrial Engineering Master’s Degree Schools” list, coming in at #18. Average graduate tuition and fees at UIUC are $30,083, but you may pay more or less depending on your major.
Full University of Illinois at Urbana-Champaign Industrial Engineering Report
Georgia Institute of Technology - Main Campus came in at #8 in this year’s edition of the Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. Located in Atlanta, Georgia, this large public school awarded 65 degrees to qualified masters’s IE students in 2019-2020.
As a testament to the quality of education offered at Georgia Tech, the school also landed the #9 spot in our “Best Industrial Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Georgia Institute of Technology - Main Campus are $31,334, but some majors have different tuition rates.
Full Georgia Institute of Technology - Main Campus Industrial Engineering Report
University of Central Florida ranked #9 on this year’s Best Value IE Schools for a Master’s For Those Making $48-$75k list. UCF is a large public school situated in Orlando, Florida. It awarded 48 masters’s IE degrees in 2019-2020.
Average graduate tuition and fees at UCF are $28,657, but you may pay more or less depending on your major.
With a ranking of #10, North Carolina State University did quite well on the 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k list. NC State is a public institution located in Raleigh, North Carolina. The school has a large population, and it awarded 52 masters’s degrees in 2019-2020.
In addition to being on our master’s degree ie students whose families make $48-$75k list, NC State has also earned the #17 rank in our “Best Industrial Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at NC State are $28,999, but you may pay more or less depending on your major.
Ohio State University - Main Campus landed the #11 spot on the 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. This large school is located in Columbus, Ohio, and it awarded 16 masters’s IE degrees in 2019-2020.
Ohio State did well in our major quality rankings, too. It placed #25 on our “Best Industrial Engineering Master’s Degree Schools” list. Average graduate tuition and fees at Ohio State are $37,141, but you may pay more or less depending on your major.
Florida International University came in at #12 in this year’s edition of the Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. Florida International University is located in Miami, Florida and, has a large student population. In 2019-2020, this school awarded 44 masters’s IE degrees to qualified students.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at Florida International University are $24,211.
With a ranking of #13, Northeastern University did quite well on the 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k list. Northeastern University is located in Boston, Massachusetts and, has a large student population. In 2019-2020, this school awarded 110 masters’s IE degrees to qualified students.
In addition to being on our master’s degree ie students whose families make $48-$75k list, Northeastern has also earned the #5 rank in our “Best Industrial Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Northeastern University are $25,558, but some majors have different tuition rates.
University of Michigan - Dearborn landed the #14 spot on the 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. UM Dearborn is a public institution located in Dearborn, Michigan. The school has a medium-sized population, and it awarded 60 masters’s degrees in 2019-2020.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at UM Dearborn are $25,072.
University of South Florida - Main Campus came in at #15 in this year’s edition of the Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. Tampa, Florida is the setting for this large institution of higher learning. The public school handed out masters’s IE degrees to 31 students in 2019-2020.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at USF Tampa are $21,126.
Read full report on Industrial Engineering at University of South Florida - Main Campus
The University of Texas at Austin landed the #16 spot on the 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. UT Austin is a public institution located in Austin, Texas. The school has a large population, and it awarded 22 masters’s degrees in 2019-2020.
UT Austin did well in our major quality rankings, too. It placed #22 on our “Best Industrial Engineering Master’s Degree Schools” list. Average graduate tuition and fees at The University of Texas at Austin are $22,886, but you may pay more or less depending on your major.
University of Minnesota - Twin Cities landed the #17 spot on the 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. Minneapolis, Minnesota is the setting for this large institution of higher learning. The public school handed out masters’s IE degrees to 15 students in 2019-2020.
In addition to being on our master’s degree ie students whose families make $48-$75k list, UMN Twin Cities has also earned the #20 rank in our “Best Industrial Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at UMN Twin Cities are $28,845, but you may pay more or less depending on your major.
Oakland University came in at #18 in this year’s edition of the Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. Oakland is a fairly large school located in Rochester Hills, Michigan that handed out 13 masters’s IE degrees in 2019-2020.
Average graduate tuition and fees at Oakland University are $24,648, but you may pay more or less depending on your major.
Iowa State University did quite well in the 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k ranking, coming in at #19. Iowa State University is a large school located in Ames, Iowa that handed out 27 masters’s IE degrees in 2019-2020.
Iowa State also took the #16 spot in our “Best Industrial Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Iowa State are $25,948, but some majors have different tuition rates.
Read more about Industrial Engineering at Iowa State University
With a ranking of #20, Texas A&M University - College Station did quite well on the 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k list. Texas A&M College Station is a large public school situated in College Station, Texas. It awarded 136 masters’s IE degrees in 2019-2020.
Texas A&M College Station did well in our major quality rankings, too. It placed #8 on our “Best Industrial Engineering Master’s Degree Schools” list. Average graduate tuition and fees at Texas A&M University - College Station are $22,743, but you may pay more or less depending on your major.
Read full report on Industrial Engineering at Texas A&M University - College Station
University of Houston came in at #21 in this year’s edition of the Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. Houston, Texas is the setting for this large institution of higher learning. The public school handed out masters’s IE degrees to 55 students in 2019-2020.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Houston are $18,689.
Read full report on Industrial Engineering at University of Houston
Lehigh University came in at #22 in this year’s edition of the Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. Located in Bethlehem, Pennsylvania, this medium-sized private not-for-profit school handed out 48 diplomas to qualified masters’s IE students in 2019-2020.
Lehigh did well in our major quality rankings, too. It placed #7 on our “Best Industrial Engineering Master’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Lehigh University are $27,130.
University of Missouri - Columbia came in at #23 in this year’s edition of the Best Value IE Schools for a Master’s For Those Making $48-$75k ranking. Columbia, Missouri is the setting for this large institution of higher learning. The public school handed out masters’s IE degrees to 3 students in 2019-2020.
Mizzou not only placed well in this ranking. It is also #0 on our “Best Industrial Engineering Master’s Degree Schools” list. Average graduate tuition and fees at University of Missouri - Columbia are $27,193, but some majors have different tuition rates.
Virginia Tech ranked #24 on this year’s Best Value IE Schools for a Master’s For Those Making $48-$75k list. Virginia Tech is a large public school situated in Blacksburg, Virginia. It awarded 35 masters’s IE degrees in 2019-2020.
Virginia Tech did well in our major quality rankings, too. It placed #13 on our “Best Industrial Engineering Master’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Virginia Tech are $30,547.
With a ranking of #25, Arizona State University - Tempe did quite well on the 2022 Best Value IE Schools for a Master’s For Those Making $48-$75k list. Tempe, Arizona is the setting for this large institution of higher learning. The public school handed out masters’s IE degrees to 43 students in 2019-2020.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at Arizona State University - Tempe are $27,048.
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Notes and References
References
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
- Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.
Read more about our data sources and methodologies
Footnotes
- *Average salary, average net price, and average tuition and fees are for the top schools only.
- Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.
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