2027 Is an Online Electrical Engineering Bachelor's Degree Worth It?

Imed Bouchrika, PhD

by Imed Bouchrika, PhD

Co-Founder and Chief Data Scientist

What Are the Real Costs of Earning an Online Electrical Engineering Bachelor's Degree, and How Do They Compare to On-Campus Programs?

Online electrical engineering bachelor's programs generally offer lower tuition rates per credit hour than traditional on-campus options, according to IPEDS data and the College Board's Trends in College Pricing report. Tuition for online programs typically ranges from $300 to $500 per credit, compared to $400 to $700 for many on-campus programs. This difference can result in substantial savings over the usual 120 credit hours required for the degree.

  • Tuition Per Credit Hour: Online programs' lower per-credit tuition helps reduce overall costs for students seeking a cost comparison of online vs on-campus electrical engineering degrees.
  • Mandatory Fees: On-campus students often pay $1,000 to $2,000 annually in fees for facilities, student activities, and technology access. Online learners usually face technology fees but avoid expenses like commuting or campus facility charges.
  • Required Technology: Online students must invest in reliable technology, including a computer costing between $800 and $1,200 and a stable internet connection. Certain programs may also require specialized software or lab kits, adding $200 to $500 in one-time fees.
  • Indirect Costs: These include textbooks, estimated between $1,200 and $1,500 for the full program, as well as potential costs for proctored exams or occasional campus visits. On-campus learners additionally incur housing and meal expenses, which do not affect remote students.
  • Programs Below National Average: Notable regionally accredited online electrical engineering bachelor's programs that come in below average tuition and fees for online electrical engineering bachelor's programs include University of Florida, Arizona State University, Old Dominion University, and North Carolina State University.

It is important to distinguish the "sticker price" from the "net price" students ultimately pay after accounting for financial aid such as scholarships, grants, and military benefits. This aid can reduce the cost by 30% or more, making affordability vary widely. Prospective students should carefully evaluate net price estimates rather than relying solely on published tuition figures.

For those exploring financial support options to make their education more affordable, including military veterans and working professionals, resources such as MSW programs offer insight into comparable aid strategies that could apply to electrical engineering degrees.

What Is the Return on Investment (ROI) of an Online Electrical Engineering Bachelor's Degree Over a Career Lifetime?

Return on investment (ROI) in higher education measures the financial gains a graduate can expect from their degree relative to the total cost of earning it. For an online Electrical Engineering bachelor's degree, assessing ROI means comparing the full program cost-including tuition, fees, and additional expenses-with projected lifetime earnings in electrical engineering careers. This approach helps gauge the career lifetime return on investment for online Electrical Engineering degrees.

The Georgetown University Center on Education and the Workforce defines education ROI as cumulative career earnings minus total education costs, adjusted for inflation and opportunity cost. Their research shows electrical engineering graduates often start with salaries well above the national average, strengthening long-term returns. Similarly, the PayScale College ROI Report ranks electrical engineering among the top disciplines for median mid-career salaries, highlighting the long-term financial benefits of an online Electrical Engineering bachelor's degree.

Key factors to consider when comparing 10-year and 20-year ROI include:

  • Cost Efficiency: Low-cost online Electrical Engineering programs have tuition rates significantly lower than traditional in-person options, helping reduce upfront debt.
  • 10-Year ROI: Graduates typically recoup their educational investment within this timeframe, supported by strong demand and competitive salaries.
  • 20-Year ROI: Over two decades, total earnings can far outweigh initial costs, producing ROI that often exceeds the national average for all bachelor's degrees.
  • National Comparisons: Electrical Engineering graduates tend to experience higher absolute returns due to sustained workforce demand and salary growth.

Beyond financial indicators, non-monetary returns add meaningful value, such as:

  • Job Satisfaction: Opportunities for innovation and problem-solving enhance career fulfillment.
  • Career Mobility: A degree opens doors across industries like technology, energy, and manufacturing.
  • Professional Credibility: Earning an accredited bachelor's degree improves reputation with employers, aiding advancement or graduate study admission.

These economic and personal factors assist prospective students-whether working parents, veterans, or mid-career professionals-in making confident decisions. For those seeking accelerated pathways, exploring 2 year accelerated bachelor degrees can also contribute to improved ROI and faster entry into the workforce.

How Do the Salary Outcomes for Online Electrical Engineering Bachelor's Graduates Compare to Those With Traditional Degrees?

Median starting salaries for online electrical engineering bachelor's degree holders typically fall between $60,000 and $70,000, closely matching those of traditional in-person graduates according to PayScale and LinkedIn Salary Insights. By mid-career, roughly ten years after graduation, earnings often rise to a median range of $100,000 to $110,000 annually. Factors such as institutional reputation, geographical demand, and technical specialization tend to have a greater impact on these figures than whether the degree was earned online or on campus.

  • Median Starting Salaries: Data from multiple sources indicate that online electrical engineering graduates begin with salaries comparable to their on-campus counterparts, reflecting increasing employer acceptance of online credentials from accredited institutions.
  • Mid-Career Earnings: Salaries typically increase substantially over the first decade, with significant variation influenced by job function, additional certifications, and leadership involvement rather than delivery method alone.
  • Influencing Factors: Bureau of Labor Statistics and institutional transparency reports, such as those shared via IPEDS, highlight that experience, advanced training, and certifications usually play larger roles in salary trajectories than mode of study.
  • First Five Years: Entry-level electrical engineers who engage in internships or cooperative education programs during their studies often benefit from accelerated salary growth as they develop hands-on skills.
  • Ten-Year Outlook: Professionals enhancing their careers through continued education or professional engineering licensure tend to outpace average salary progression, sometimes earning 50% or more above their initial compensation.

A professional who completed an online electrical engineering bachelor's degree recently shared his experience on salary outcomes compared to traditional graduates. He noted the challenge of balancing coursework with family responsibilities but found the flexible schedule essential to his success. "I was initially skeptical about how employers would view an online degree," he reflected, "but my job offers and promotions have proven that skills and experience carry more weight than the degree format." He emphasized that continuous learning and practical application of knowledge helped him build confidence and achieve a stable, well-paying career despite the unconventional path.

What Graduates Say About the Value of Their Online Electrical Engineering Bachelor's Degree

  • Ramon: "Choosing the online electrical engineering bachelor's degree program was a strategic decision to balance work and study without relocating. The affordability of the program exceeded my expectations, especially given the quality of instruction and resources provided. Since graduating, I've noticed a significant boost in job opportunities and salary prospects that easily justify the investment."
  • Marcos: "Reflecting on my journey, the online electrical engineering program offered flexibility that simply wouldn't have been possible with traditional schooling. The cost was reasonable compared to other institutions, making it a practical choice for someone managing family and financial commitments. Professionally, completing this degree opened doors to projects and roles I had only dreamed of before-an incredibly rewarding experience."
  • Silas: "My experience with the online electrical engineering bachelor's degree was deeply professional and transformative. I chose this path because the curriculum was rigorous yet adaptable to my busy schedule. The return on investment was clear: the skills and credentials I gained have directly propelled my career forward in a competitive field."

Other Things You Should Know About Electrical Engineering Degrees

How do online electrical engineering bachelor's programs deliver coursework, and what is the student experience like?

Online electrical engineering bachelor's programs typically deliver coursework through a mix of video lectures, interactive simulations, and virtual labs to mirror hands-on experiences. Students engage in discussion forums and group projects to collaborate despite the remote format. The experience demands strong time-management skills and self-motivation, as there is less in-person supervision compared to traditional programs.

What concentrations or specializations can students pursue within an online electrical engineering bachelor's degree?

Many online electrical engineering bachelor's programs offer specializations such as power systems, communications, embedded systems, or control systems. These concentrations allow students to tailor their studies toward specific industry sectors and emerging technologies. Specialized coursework may include signal processing, microcontroller design, or renewable energy systems, depending on the program.

What is the job outlook for graduates of an online electrical engineering bachelor's degree in 2027?

In 2027, the job outlook for graduates of an online electrical engineering bachelor's degree remains strong. With the growing demand for electrical engineers in renewable energy and technology sectors, graduates can expect a variety of opportunities, although competition may vary by region and specialization.

How does an online electrical engineering bachelor's degree affect graduate school admissions and advanced degree prospects?

An online electrical engineering bachelor's degree from an accredited institution is usually viewed equivalently to an on-campus degree by graduate programs. Admission committees focus on accreditation, GPA, recommendation letters, and research experience rather than delivery mode. Students intending to pursue advanced degrees should maintain strong academic performance and seek research opportunities when possible.