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
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 | $68,919 | $80,663 | +17% |
| University of St Thomas | $68,440 | $84,744 | +24% |
| University of Minnesota-Twin Cities | $73,433 | $84,682 | +15% |
| University of Minnesota-Duluth | $67,764 | $79,409 | +17% |
| Saint Cloud State University | $70,179 | $78,056 | +11% |
Compare to Similar Programs in Minnesota
Mechanical Engineering bachelors's programs at peer institutions in Minnesota (6 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $9,490 | $68,919 | $80,663 | $27,886 | 0.40 | |
| $16,488 | $73,433 | $84,682 | $22,077 | 0.30 | |
| $10,117 | $70,179 | $78,056 | $27,090 | 0.39 | |
| $52,284 | $68,440 | $84,744 | $27,000 | 0.39 | |
| $14,318 | $67,764 | $79,409 | $27,000 | 0.40 | |
| National Median | — | $70,744 | — | $24,755 | 0.35 |
Career Paths
Occupations commonly associated with mechanical engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Aerospace Engineers
Mechanical Engineers
Fuel Cell Engineers
Automotive Engineers
Engineering Teachers, Postsecondary
Cost Estimators
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.