#17: Cleveland Institute of Music
10-Year Avg. Payoff: $0
Cleveland Institute of Music opened in 1920 after supporters from the Fortnightly Musical Club helped fund a serious conservatory for the city. It began with the goal of offering strong musical training in Cleveland, and its identity has remained centered on classical performance, composition, and conservatory-level study.

A 10-year payoff of $0 basically means the early financial return lands right at break-even. That is not shocking for a conservatory, where graduates may spend years auditioning, teaching, freelancing, or pursuing advanced training. Payoff could improve for musicians who secure orchestra, faculty, recording, or steady performance work.
