News Releases

New PayScale report: Mines 19th nationally in ROI
Release Date Friday, March 28, 2014

RAPID CITY, S.D. (March 28, 2014) – The newest PayScale report for colleges ranks the South Dakota School of Mines & Technology 19th nationally for return on investment (ROI) – in front of the likes of Harvard, Vanderbilt and Purdue. Distilling the list down to the public schools, the Huffington Post ranks Mines fourth in “The Public Schools that Pay Off the Most.”

The 2014 PayScale College ROI Report ranks universities nationwide based on total cost and alumni earnings, putting the School of Mines’ 20-year net return on investment at $664,400 for in-state tuition. The university ranked 21st for out-of-state tuition with a 20-year net ROI of $656,000.

Annual tuition and fees at the School of Mines are $8,240 for South Dakota residents and $11,170 for out-of-state residents.

“The best companies in America are hiring our engineers and scientists, and exceptional students from all over the country are applying in record numbers. Mines is a great example for the nation of how to provide a great education at a price families can afford,” said Mines President Heather Wilson.

According to the annual report, the School of Mines ROI is higher than six of the eight Ivy League universities. The new PayScale report underscores the demand for engineering and science students. Most of the top-ranking universities for return on investment are considered engineering or technological universities like the South Dakota School of Mines & Technology.

Others are Harvey Mudd College, California Institute of Technology, MIT, Colorado School of Mines, Georgia Institute of Technology, Rose-Hulman Institute of Technology, Polytechnic Institute of New York University, Stevens Institute of Technology, Carnegie Mellon University and Worcester Polytechnic Institute.

The average starting salary of 2013 graduates is $62,400, with 98 percent landing jobs in their career field or enrolling in graduate school.

Here is the link to the full report: http://www.payscale.com/college-roi/full-list

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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.