Median Earnings (1yr)
$68,919
38th percentile (60th in MN)
Median Debt
$27,886
13% above national median
Debt-to-Earnings
0.40
Manageable
Sample Size
44
Adequate data

Analysis

Minnesota State-Mankato's mechanical engineering program costs students roughly $1,000 more in debt than its in-state competitors, yet delivers median earnings that match the state average. First-year graduates earn $68,919—about $2,000 less than the national median for mechanical engineering programs—but the program ranks in the 60th percentile statewide, meaning it outperforms several Minnesota alternatives. The key advantage here is debt: at $27,886, graduates carry obligations in just the 5th percentile nationally, giving them significantly more financial flexibility than typical engineering students elsewhere.

The 0.40 debt-to-earnings ratio tells the practical story—graduates owe less than half their first year's salary, a comfortable position that beats most engineering programs nationwide. Earnings climb 17% to $80,663 by year four, a solid trajectory that suggests employers value the program's graduates even if starting salaries lag slightly behind top-tier state schools like Minnesota-Twin Cities.

For families choosing between Minnesota engineering programs, this represents a middle-ground option: not the highest-earning pathway, but one that balances reasonable outcomes with manageable debt. The $5,000 salary gap compared to Twin Cities narrows over time, and the lower debt burden could easily offset that difference in net financial position within a few years after graduation.

Where Minnesota State University-Mankato Stands

Earnings vs. debt across all mechanical engineering bachelors's programs nationally

Minnesota State University-MankatoOther mechanical engineering programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Minnesota State University-Mankato graduates compare to all programs nationally

Minnesota State University-Mankato graduates earn $69k, placing them in the 38th percentile of all mechanical engineering bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Minnesota

Mechanical Engineering bachelors's programs at peer institutions in Minnesota (6 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Minnesota State University-Mankato$68,919$80,663$27,8860.40
University of Minnesota-Twin Cities$73,433$84,682$22,0770.30
Saint Cloud State University$70,179$78,056$27,0900.39
University of St Thomas$68,440$84,744$27,0000.39
University of Minnesota-Duluth$67,764$79,409$27,0000.40
National Median$70,744—$24,7550.35

Other Mechanical Engineering Programs in Minnesota

Compare tuition, earnings, and debt across Minnesota schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Minnesota-Twin Cities
Minneapolis
$16,488$73,433$22,077
Saint Cloud State University
Saint Cloud
$10,117$70,179$27,090
University of St Thomas
Saint Paul
$52,284$68,440$27,000
University of Minnesota-Duluth
Duluth
$14,318$67,764$27,000

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 44 graduates with reported earnings and 42 graduates with debt data. Small samples may not be representative.