Institute of Medical Careers

https://www.imbc.edu/

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2021 Average Net Price

$20,129

After Financial Aid

2019 Student Loan

1.6%

Default Rate

2021 Enrolled Students

676

100% Full-Time

2021 Graduation Rate

80.1%

189 Graduates

About

Institute of Medical Careers is a higher education institution located in Allegheny County, PA. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Institute of Medical Careers were Medical Insurance Coding Specialist (125 degrees awarded), Medical Administrative Assistant (73 degrees), and Welding Technology (12 degrees).

In 2021, 344 degrees were awarded across all undergraduate and graduate programs at Institute of Medical Careers. 92.4% of these degrees were awarded to women, and 7.56% awarded men. The most common race/ethnicity group of degree recipients was white (218 degrees), 1.91 times more than then the next closest race/ethnicity group, black or african american (114 degrees).

Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

Costs

After taking grants and loans into account, the average net price for students is $20,129.

In 2021, 79% of undergraduate students attending Institute of Medical Careers received financial aid through grants. Comparatively, 77% of undergraduate students received financial aid through loans.

Average Net Price

$20,129

2021 Value

77.4%

1 Year Growth

In 2021 Institute of Medical Careers had an average net price — the price paid after factoring in grants and loans — of $20,129. Between 2020 and 2021, the average net price of Institute of Medical Careers grew by 77.4%.

This chart compares the average net price of Institute of Medical Careers (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Financial Aid by Income Level

79%

Undergraduates Receiving Financial Aid through Grants

77%

Undergraduates Receiving Financial Aid through Loans

79% of undergraduate students at Institute of Medical Careers received financial aid through grants or loans in 2021. This represents a decline of 5.95% with respect to 2020, when 84% of undergraduate students received financial aid.

This chart compares the average award discount at Institute of Medical Careers (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

1.6%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Institute of Medical Careers was 1.6%, which represents 3 out of the 188 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

Institute of Medical Careers had a total enrollment of 676 students in 2021. The full-time enrollment at Institute of Medical Careers is 676 students and the part-time enrollment is 0. This means that 100% of students enrolled at Institute of Medical Careers are enrolled full-time.

The enrolled student population at Institute of Medical Careers, both undergraduate and graduate, is 49.7% White, 45.3% Black or African American, 4.14% Hispanic or Latino, 0.74% Asian, and 0.148% American Indian or Alaska Native.

Students enrolled at Institute of Medical Careers in full-time Undergraduate programs are most commonly White Female (43.9%), followed by Black or African American Female (43.5%) and White Male (5.77%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Institute of Medical Careers in 2021, both undergraduate and graduate, is 676 students. The full-time enrollment at Institute of Medical Careers is 676 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at Institute of Medical Careers (in red) compares to similar universities.

Retention Rate over Time

95%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Institute of Medical Careers was 95%. Compared with the full-time retention rate at similar (77%), Institute of Medical Careers had a retention rate higher than its peers.

This chart shows the retention rate over time at Institute of Medical Careers (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
336 enrolled students
Black or African American
306 enrolled students
Hispanic or Latino
28 enrolled students

The enrolled student population at Institute of Medical Careers is 49.7% White, 45.3% Black or African American, 4.14% Hispanic or Latino, 0.74% Asian, and 0.148% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 34.9% White, 24.8% Hispanic or Latino, and 17.5% Black or African American.

Graduates

In 2021, 292 more women than men received degrees from Institute of Medical Careers. The most common race/ethnicity group of degree recipients at Institute of Medical Careers is white (218 degrees awarded). There were 1.91 times more white recipients than the next closest race/ethnicity group, black or african american (114 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Institute of Medical Careers is Medical Insurance Coding Specialist (125 degrees awarded), followed by Medical Administrative Assistant (73 degrees) and Welding Technology (12 degrees).

In 2021, the most specialized majors across all degree types at Institute of Medical Careers, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Health (298 degrees awarded), Precision Production (12 degrees), and Business (17 degrees).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Institute of Medical Careers are Registered nurses (1,405,293 people), Accountants & auditors (1,030,177 people), Other managers (679,252 people), Financial managers (461,491 people), and Chief executives & legislators (360,339 people).

The most specialized majors at Institute of Medical Careers in 2021 are Health (298 degrees awarded), Precision Production (12 degrees), and Business (17 degrees) (as of 2021).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Institute of Medical Careers are Surgeons, Physicians, Magnetic resonance imaging technologists, Chief executives & legislators, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Institute of Medical Careers are Health (298 degrees awarded), Precision Production (12 degrees), and Business (17 degrees) (as of 2021).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Institute of Medical Careers are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,723,996 people), Elementary & secondary schools (631,218 people), Banking & related activities (467,197 people), Computer Systems Design (463,055 people), and Insurance carriers (433,326 people).

The most specialized majors at Institute of Medical Careers are Health (298 degrees awarded), Precision Production (12 degrees), and Business (17 degrees) (as of 2021).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Institute of Medical Careers.

Most Common (2021)

Medical Insurance Coding Specialist
125 degree-majors awarded
Medical Administrative Assistant
73 degree-majors awarded
Welding Technology
12 degree-majors awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at Institute of Medical Careers was Medical Insurance Coding Specialist with 125 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Institute of Medical Careers according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

318

Degrees Awarded to Women

in 2021

In 2021, 26 degrees were awarded to men at Institute of Medical Careers, which is 0.0818 times less than the number of degrees awarded to females (318).

This chart displays the sex disparity between the top 5 majors at Institute of Medical Careers by degrees awarded.

Most Common Male Majors

In 2021, 11 degrees were awarded to men at Institute of Medical Careers in Welding Technology, which is 11 times more than the 1 female recipients with that same degree.

Most Common Female Majors

In 2021, 117 degrees were awarded to men at Institute of Medical Careers in Medical Insurance Coding Specialist, which is 14.6 times more than the 8 male recipients with that same degree.

Time to Complete

95%

100% Completion Time

95%

150% Completion Time

In 2021, 95% of students graduating from Institute of Medical Careers completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 95% completed their degrees within 150% of the normal time, and 95% within 200%.

The following chart shows these completion rates over time compared to the average for the Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Black or African American Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Institute of Medical Careers is Male and Black or African American (100% graduation rate). Across all , Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
218 degrees awarded
Black or African American
114 degrees awarded
Hispanic or Latino
12 degrees awarded

The most common race/ethnicity at Institute of Medical Careers is white (218 degrees awarded). There were 1.91 times more white recipients than the next closest race/ethnicity group, black or african american (114 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
199 degrees awarded
Black or African American Female
107 degrees awarded
White Male
19 degrees awarded

The most common race/ethnicity and sex grouping at Institute of Medical Careers is white female (199 degrees awarded). There were 1.86 times more white female recipients than the next closest race/ethnicity group, black or african american female (107 degrees).

Operations

Institute of Medical Careers employs 18 Instructors. Most academics at Institute of Medical Careers are Female Instructor (14), and Male Instructor (4).

The most common positions for non-instructional staff at Institute of Medical Careers are: Sales and related, with 6 employees, Office and Administrative Support, with 6 employees, and Business and Financial Operations with 5 employees.

Salary Expenditure

$2.69M

2021 Salaries

5.76%

growth from 2020

In 2021, Institute of Medical Careers paid a median of $2.69M in salaries, a 5.76% growth from the previous year.

The median for similar is 597k (12.9% of overall expenditures).

Instructional Salaries

$801k

Instructional Salaries

Number of Employees

In 2021, Institute of Medical Careers paid a total of $801k to 18 employees working as instructors, which represents 29.8% of all salaries paid.

This is compared to a median of $398k (66.7%) for similar Unknown.

Occupations by Share

Instructor

Most Common Instructor

18 Employees

Sales and related

Most Common Non-Instructional Employee

6 Employees

In 2021, the most common positions for instructional staff at Institute of Medical Careers was Instructor with 18 employees.

In 2021, the most common positions for non-instructional staff at Institute of Medical Careers were Sales and related with 6 employees, Office and Administrative Support with 6 employees, and Business and Financial Operations with 5 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Instructor
Male Instructor

In 2021, the most common demographic for instructional staff at Institute of Medical Careers was Female Instructor with 14 employees, and Male Instructor with 4 employees.

This chart shows the sex split between each academic rank present at Institute of Medical Careers.