Median Earnings (1yr)
$72,785
49th percentile
Median Debt
$28,000
20% above national median
Debt-to-Earnings
0.38
Manageable
Sample Size
40
Adequate data

Analysis

South Dakota School of Mines delivers something increasingly rare: a chemical engineering degree with debt loads in the 5th percentile nationally. While the $72,785 starting salary sits right at the national median for the field, graduates leave with $28,000 in debt versus the typical $23,250—but that still translates to a healthy 0.38 debt-to-earnings ratio. You're looking at roughly five months of gross income to cover the entire debt load, which is exceptional by any standard.

The school's 85% admission rate and modest SAT scores might suggest a safety school, but the outcomes tell a different story. Chemical engineering graduates here earn essentially what their peers at more selective programs earn nationally, just without the premium price tag or admissions stress. This is South Dakota's only chemical engineering program, so the state comparison is limited, but that also means local employers know exactly where to recruit.

The practical math works strongly in favor of this program. A graduate earning $72,785 with $28,000 in debt faces roughly $300 monthly payments over ten years—easily manageable on an engineering salary. For families prioritizing financial security over prestige, this combination of median-tier earnings with bottom-tier debt creates a straightforward path to career launch without financial burden.

Where South Dakota School of Mines and Technology Stands

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

South Dakota School of Mines and TechnologyOther chemical 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 South Dakota School of Mines and Technology graduates compare to all programs nationally

South Dakota School of Mines and Technology graduates earn $73k, placing them in the 49th percentile of all chemical engineering bachelors programs nationally.

Compare to Similar Programs in South Dakota

Chemical Engineering bachelors's programs at peer institutions in South Dakota

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
South Dakota School of Mines and Technology$72,785—$28,0000.38
National Median$72,974—$23,2500.32

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 South Dakota School of Mines and Technology, approximately 16% 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 43 graduates with debt data. Small samples may not be representative.