News Releases

Mines fifth nationally for return on investment
Release Date Wednesday, January 15, 2014

 

RAPID CITY, S.D. (Jan. 15, 2014) – The South Dakota School of Mines & Technology is ranked fifth nationally for return on investment by BestColleges.com

Mines graduates on average earn a starting salary of $62,400. The university’s placement rate for graduates is 98 percent. Degree programs prepare students for careers in a variety of lucrative science, technology, engineering and mathematics (STEM) fields.

Using data from PayScale.com, BestColleges calculates the 30-year net return on investment (ROI) for Mines undergraduates as more than $1.2 million 

“The School of Mines offers a premier STEM education at a price families can afford,” said Mines President Heather Wilson. “Our enrollment is on the rise, and one of the reasons for that is our exceptional return on investment.” 

SUNY-Maritime in Bronx, N.Y., was ranked first. Others in the top five were Colorado School of Mines in Golden, Colo.; Georgia Institute of Technology in Atlanta; and Massachusetts Maritime Academy in Buzzards Bay, Mass. The new rankings consider public colleges and universities throughout the United States.

“With the rising cost of education, students want to know where they can make their tuition dollars count. Using publicly available data, we researched and ultimately defined the top public colleges and universities based on ROI. Our goal with this list is to help students who are looking for the cost savings of a public school, but still want to make sure their dollars are well spent, according to Laura Daniels, outreach coordinator with BestColleges.com.

The full list may be found at http://www.bestcolleges.com/features/best-roi-colleges/

###

 

About SDSM&T

Founded in 1885, the South Dakota School of Mines & Technology is a science and engineering research university located in Rapid City, S.D., offering bachelor’s, master’s and doctoral degrees. The university enrolls 2,640 students from 45 states and 37 countries, with a student-to-faculty ratio of 14:1. The average starting salary for graduates is $62,400 with a 98 percent placement rate. Find us online at www.sdsmt.edu, on Facebook at https://www.facebook.com/sdsmt and on Twitter at https://twitter.com/sdsmt.