Analysis
Minnesota State-Mankato delivers solid engineering outcomes at an exceptionally affordable price point. Graduates earn $68,044 in their first year—essentially matching both the national median and Minnesota state median—but they carry just $27,627 in debt, landing in the 5th percentile nationally for borrowing. That's thousands less than what students typically owe at comparable programs, creating a debt-to-earnings ratio of 0.41 that should be manageable for most graduates. Among Minnesota's five engineering programs, this ranks 60th percentile for earnings, essentially tied with the pricier University of Minnesota-Twin Cities while costing substantially less.
The trajectory looks stable, with earnings growing 10% to $75,021 by year four. That's not explosive growth, but it's consistent upward movement typical of early-career engineers. The moderate sample size suggests this isn't a tiny program, so the data likely reflects a reasonable cross-section of outcomes. With a 91% admission rate, this program offers accessible entry into a field where mid-tier starting salaries are still quite livable.
For Minnesota families looking at engineering programs, MSU-Mankato offers a practical path: you'll earn what typical engineers earn but graduate with markedly less debt. That cost advantage matters more than a few thousand dollars in salary differential, particularly early in your career when loan payments bite hardest.
Where Minnesota State University-Mankato Stands
Earnings vs. debt across all engineering bachelors's programs nationally
Earnings Distribution
How Minnesota State University-Mankato 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 |
|---|---|---|---|
| Minnesota State University-Mankato | $68,044 | $75,021 | +10% |
| Franklin W Olin College of Engineering | $109,455 | $114,228 | +4% |
| University of California-Davis | $82,956 | $104,701 | +26% |
| Harvey Mudd College | $92,491 | $103,969 | +12% |
| Lafayette College | $76,507 | $92,618 | +21% |
Compare to Similar Programs in Minnesota
Engineering bachelors's programs at peer institutions in Minnesota (5 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $9,490 | $68,044 | $75,021 | $27,627 | 0.41 | |
| $36,830 | $68,516 | — | — | — | |
| $16,488 | $67,413 | — | $21,750 | 0.32 | |
| National Median | — | $67,911 | — | $26,056 | 0.38 |
Career Paths
Occupations commonly associated with engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Engineering Teachers, Postsecondary
Engineers, All Other
Energy Engineers, Except Wind and Solar
Mechatronics Engineers
Microsystems Engineers
Photonics Engineers
Robotics Engineers
Nanosystems Engineers
Wind Energy Engineers
Solar Energy Systems Engineers
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 Minnesota State University-Mankato, approximately 20% 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 40 graduates with reported earnings and 36 graduates with debt data. Small samples may not be representative.