Based on U.S. Department of Education data (October 2025 release).
Analysis
Colorado School of Mines' Engineering Physics program puts graduates in striking financial position right out of college, with first-year earnings of $72,858—far above the national median of $57,457 for this field. The 0.30 debt-to-earnings ratio means typical graduates earn enough in their first four months to cover their entire educational debt, making this one of the cleanest risk-reward profiles you'll find in engineering. With earnings climbing to $87,900 by year four, the financial trajectory stays strong.
The state context is less impressive than it initially appears: Colorado only has two schools offering this program, so the 60th percentile ranking simply means Mines is the lower-earning option in a two-school comparison. However, that's largely irrelevant when the absolute numbers are this solid. The 95th percentile national ranking tells the real story—this program outperforms nearly every other Engineering Physics bachelor's program in the country.
The $21,500 median debt is reasonable, though not exceptionally low (75th percentile nationally). For a parent weighing Mines against other engineering options, the key selling point isn't just the strong starting salary—it's that this specialized program delivers elite national outcomes while maintaining debt levels that won't constrain your child's early career choices. The moderate sample size suggests consistent placement success rather than a few outlier graduates skewing the numbers.
Where Colorado School of Mines Stands
Earnings vs. debt across all engineering physics 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 | $72,858 | $87,900 | +21% |
| University of Illinois Urbana-Champaign | $64,304 | $92,842 | +44% |
| University of Wisconsin-Platteville | $68,379 | $75,848 | +11% |
| Murray State University | $58,025 | $67,485 | +16% |
Compare to Similar Programs Nationally
Engineering Physics bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $21,186 | $72,858 | $87,900 | $21,500 | 0.30 | |
| $8,315 | $68,379 | $75,848 | $27,000 | 0.39 | |
| $16,004 | $64,304 | $92,842 | $20,136 | 0.31 | |
| $9,708 | $58,025 | $67,485 | $19,521 | 0.34 | |
| $42,304 | $56,889 | — | $23,667 | 0.42 | |
| $10,314 | $54,210 | — | $31,000 | 0.57 | |
| National Median | — | $57,457 | — | $24,706 | 0.43 |
Career Paths
Occupations commonly associated with engineering physics graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Engineering Teachers, Postsecondary
Engineers, All Other
Energy Engineers, Except Wind and Solar
Mechatronics Engineers
Microsystems Engineers
Photonics Engineers
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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 30 graduates with reported earnings and 50 graduates with debt data. Small samples may not be representative.