Carnegie Mellon University: Is It Worth It?

Graduate earnings, costs, and ROI analysis with federal data

By Appffeine Research · Updated February 5, 2026

Overview

Carnegie Mellon University is located in Pittsburgh, PA. This comprehensive ROI analysis uses federal IRS W-2 earnings data to help you understand what graduates from Carnegie Mellon University actually earn.

Data last updated: February 5, 2026

| Key Metric | Value | |------------|-------| | Median Graduate Earnings | $114,862 | | In-State Tuition | $63,829 | | Out-of-State Tuition | $63,829 | | Acceptance Rate | 11.4% | | Graduation Rate | 92.5% | | Student Population | 7,187 |

Graduate Earnings

According to federal data from IRS W-2 records, the median annual earnings for Carnegie Mellon University graduates is $114,862 measured 10 years after initial enrollment.

This earnings figure represents graduates who received federal financial aid and had W-2 earnings reported to the IRS.

How This Compares

Compare Carnegie Mellon University's graduate earnings to:

  • [Similar schools in PA](/schools/pa)
  • [Schools with similar admission rates](/compare)
  • [National averages by major](/majors)

Cost Breakdown

Understanding the true cost of attending Carnegie Mellon University:

| Cost Component | In-State | Out-of-State | |----------------|----------|--------------| | Tuition & Fees | $63,829 | $63,829 | | Room & Board | $17,468 | $17,468 | | 4-Year Total (Est.) | $325,188 | $325,188 |

Note: Actual costs may vary. Financial aid can significantly reduce out-of-pocket expenses.

ROI Analysis

To calculate your personal ROI:

  • Estimate your total cost after financial aid
  • Compare to median earnings of $114,862
  • Consider your specific major (earnings vary significantly)
  • Factor in opportunity costs of 4 years of study
[Calculate Your Personal ROI →](/tools/roi-calculator)

Top Majors at Carnegie Mellon University

The highest-earning majors at Carnegie Mellon University typically include:

  • Engineering and Computer Science programs
  • Business and Finance degrees
  • Healthcare and Nursing programs
[See earnings by major at Carnegie Mellon University →](/school/carnegie-mellon-university/majors)

Similar Schools to Consider

Based on size, selectivity, and location, you might also consider:

  • Schools in PA with similar outcomes
  • Institutions with comparable admission rates
  • Universities with strong programs in your intended major
[Compare with similar schools →](/compare)

Frequently Asked Questions

Is Carnegie Mellon University worth the tuition?

With median graduate earnings of $114,862 and an out-of-state 4-year cost of approximately $325,188, the payback period depends on your financial aid package and chosen major.

What percentage of Carnegie Mellon University students graduate?

The graduation rate at Carnegie Mellon University is 92.5%, which is above the national average.

How competitive is admission to Carnegie Mellon University?

Carnegie Mellon University has an acceptance rate of 11.4% with an average SAT score of 1545.

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This page uses data from the U.S. Department of Education's College Scorecard API. Earnings data reflects median annual earnings for students who received federal financial aid, measured 10 years after enrollment.