Analysis
Colorado School of Mines' biomedical engineering graduates start behind the pack at $56,500, landing in just the 24th percentile nationally—about $8,000 below what typical biomedical engineers earn right out of school. But here's what matters: within four years, earnings jump 55% to $87,400, putting graduates well ahead of where most biomedical engineers at competing programs end up. In Colorado specifically, this program edges out the competition, ranking in the 60th percentile despite the slower start.
The $25,000 debt load is manageable—below Colorado's average for this field and roughly half of first-year earnings. That 0.44 debt-to-earnings ratio means graduates can realistically tackle their loans while building their careers. The trajectory suggests Mines grads are landing in roles with strong advancement potential, possibly in Colorado's growing medical device and healthcare tech sectors.
The tradeoff is clear: you're paying for a career that accelerates rather than one that peaks early. If your child can handle starting salaries that lag behind peers at schools like Johns Hopkins or Georgia Tech, the four-year outcome justifies the investment. This works best for students who understand that engineering careers often reward patience and that Mines' reputation opens doors that take a year or two to walk through.
Where Colorado School of Mines Stands
Earnings vs. debt across all biomedical/medical engineering bachelors's programs nationally
Earnings Distribution
How Colorado School of Mines graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Colorado School of Mines | $56,529 | $87,437 | +55% |
| Massachusetts Institute of Technology | $70,696 | $116,182 | +64% |
| Northwestern University | $68,592 | $108,516 | +58% |
| University of Pennsylvania | $93,310 | $105,728 | +13% |
| University of Southern California | $80,508 | $104,579 | +30% |
Compare to Similar Programs in Colorado
Biomedical/Medical Engineering bachelors's programs at peer institutions in Colorado (3 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $21,186 | $56,529 | $87,437 | $25,000 | 0.44 | |
| $10,017 | $55,550 | — | $29,625 | 0.53 | |
| National Median | — | $64,660 | — | $23,246 | 0.36 |
Career Paths
Occupations commonly associated with biomedical/medical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Bioengineers and Biomedical Engineers
Engineering Teachers, Postsecondary
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Colorado School of Mines, approximately 13% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 37 graduates with reported earnings and 43 graduates with debt data. Small samples may not be representative.