Mines News

Release Date Tuesday, April 26, 2016

New PayScale Report: Mines Ranks 24th Nationwide in ROI, 1st Overall in SD

RAPID CITY, S.D. (April 26, 2016) – PayScale’s newest annual College Return on Investment Report ranks the South Dakota School of Mines & Technology 24th nationally for return on investment (ROI) with a 20-year net ROI of $718,000 – in front of the likes of Purdue, Columbia, Dartmouth and major research, engineering and science universities like Michigan and Virginia Tech.

Additionally, PayScale ranked SD Mines in the top 15 for both public and engineering colleges in the nation for in-state and out-of-state tuition. SD Mines also ranked first in PayScale’s Best Value Colleges in South Dakota for in-state tuition and second for out-of-state tuition.

SD Mines also tied for seventh nationally in annual rate of return on the cost of a Mines education, with an annual return rate of 12 percent.

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

The average starting salary of 2015 graduates is $62,300, with 98 percent landing jobs in their career field or enrolling in graduate school.

The 2016 PayScale College ROI Report ranks universities nationwide based on total cost and alumni earnings. Annual tuition and fees at SD Mines are $10,370 for South Dakota residents and $14,140 for out-of-state residents. The university has the lowest four-year costs of any of the colleges in the top 15 or 25 rankings.

The new PayScale report underscores the demand for engineering and science students. Most of the top-ranking universities for return on investment are engineering or technology universities like the South Dakota School of Mines & Technology. Specifically, six of the top 10 schools are engineering schools, including Caltech, MIT, Georgia Institute of Technology and Carnegie Mellon.

To see the full list: http://www.payscale.com/college-roi.

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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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