Degree Dividend
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Academy of Art University vs Musicians Institute: which has better ROI?

Private for-profit, San Francisco CA · vs · Private for-profit, Hollywood CA

The verdict

Neither clears its cost on institution-wide earnings, but Academy of Art University comes closer — median earnings $39,008 against a $162,452 total, vs $32,778 at Musicians Institute. (Scorecard, 2026 · our math.)

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Head to head
MeasureAcademy of Art UniversityMusicians Institute
Net price / yr$40,613$46,518
Total net cost$162,452$186,072
Median earnings, 10 yrs$39,008$32,778
Median debt$31,000
Payback
20-year net return-$349,492-$497,712

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, Academy of Art University or Musicians Institute?

Academy of Art University, at $40,613 a year after aid versus $46,518 — a gap of $5,905 a year, or $23,620 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Academy of Art University or Musicians Institute graduates earn more?

Academy of Art University graduates report a median $39,008 ten years after entry, $6,230 more than the $32,778 at Musicians Institute. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which graduates more of its students?

53% of students finish at Musicians Institute, against 34% at Academy of Art University. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

Academy of Art University vs Musicians Institute: frequently asked questions

Is Academy of Art University or Musicians Institute a better value?
Academy of Art University comes closer, but neither clears its cost on institution-wide earnings — the field you study decides it here more than the school.
Which is cheaper, Academy of Art University or Musicians Institute?
Academy of Art University: $40,613/yr net price after aid versus $46,518/yr at Musicians Institute — a difference of $5,905 a year, or about $23,620 over four years.
Do Academy of Art University or Musicians Institute graduates earn more?
Academy of Art University graduates earn a median $39,008 ten years after entry, versus $32,778 at Musicians Institute — a $6,230 gap. This blends every major, so a specific field can flip it.