Mines News

Release Date Monday, March 2, 2015

Forbes, Wall Street Journal Highlight Mines ROI

RAPID CITY, S.D. (March 6, 2015) – The South Dakota School of Mines & Technology is featured in a new Forbes article about the latest Return on Investment rankings.

In the same paragraph that includes the likes of Stanford, MIT, Princeton, Brown, Rice, U.C. Berkeley and Carnegie Mellon, the article points out that SD Mines graduates “are thriving professionally.”

“For the right student interested in a STEM education, it’s a great investment,” the article says, adding the university appears twice (for in-state tuition and out-of-state tuition) in the Top 25 of the 2015 PayScale ROI list released yesterday.

Read the full Forbes article: http://www.forbes.com/sites/susanadams/2015/03/05/payscales-top-25-return-on-investment-colleges-for-2015/

It’s the second time this week SD Mines has been nationally recognized in a leading media outlet. On Monday, a story in the Wall Street Journal asked “Are Prestigious Private Colleges Worth the Cost?” Accompanying an in-depth article were several 2014 PayScale College ROI tables, with SD Mines #1 in the table ranking “Best Public Universities for Returns on Investment.”

Read the full Wall Street Journal article: http://www.wsj.com/articles/are-prestigious-private-colleges-worth-the-cost-1425271052

Editor's Note: The following news was posted March 2, 2015.

The South Dakota School of Mines & Technology tops the list of “Best Public Universities for Returns on Investment” in an article published today in the Wall Street Journal. The rankings accompanied a bigger-picture story examining whether private colleges are worth the additional cost, inviting Levi Bisonn, a high-school senior, Patty Pogemiller, director of talent acquisition at Deloitte, and Scott Thomas, dean of the School of Educational Studies at Claremont Graduate University in California, to weigh in.

Based on projected earnings over 20 years, the Wall Street Journal highlights colleges and universities that offer the best tuition value for all majors, according to the 2014 PayScale Return on Investment (ROI) Report.

Mines came in at 10.9 percent ROI with a 20-year net ROI of $656,000, outranking second-place, New Mexico Institute of Mining & Technology, by nearly 2 percent and more than $100,000, and catapulting past the competition including universities such as Colorado School of Mines, Massachusetts Maritime Academy, Georgia Institute of Technology and Texas A&M.

The cost of a Mines degree also came in at nearly $25,000 less than New Mexico Institute of Mining & Technology. Four-year cost was based on 2013 out-of-state tuition, room and board on campus, with no financial aid.

“Mines provides an exceptional education at a price families can afford,” said SD Mines President Heather Wilson.

The School of Mines placement rate is 98 percent, with an average early-career salary for graduates of $65,600, according to the most recent PayScale report.

Additionally, Mines was recently named first nationwide in the 2015 ranking of the “50 Best Online Master’s in Engineering Programs” by Best Master’s Programs, an online graduate school guide that showcases universities doing the best job of balancing cost and quality. The ranking is based on an equal weight of program quality, as measured by U.S. News & World Report, and estimated program cost.

The full Wall Street Journal story and ranking of “Best Public Universities for Returns on Investment” may be found here: http://www.wsj.com/articles/are-prestigious-private-colleges-worth-the-cost-1425271052.

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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 2,798 students from 45 states and 39 foreign countries, with a student-to-faculty ratio of 14:1. The SD School of Mines placement rate is 98 percent, with an average early-career salary for graduates of $65,600, according to the 2014-2015 PayScale report. Find us online at www.sdsmt.edu, on Facebook at https://www.facebook.com/sdsmt and on Twitter at https://twitter.com/sdsmt. 

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About SD Mines  

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 2,778 students with a student-to-faculty ratio of 15:1. The SD School of Mines placement rate is 96 percent, with an average starting salary of $62,929. Find us online at www.sdsmt.edu and on Facebook and Twitter.

 

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