Median Earnings (1yr)
$69,667
43rd percentile
Median Debt
$27,000
9% above national median
Debt-to-Earnings
0.39
Manageable
Sample Size
108
Adequate data

Analysis

At $27,000 in debt against nearly $70,000 in starting salary, South Dakota School of Mines delivers one of the cleanest debt-to-earnings profiles in mechanical engineering nationwide. That 0.39 ratio lands in the 5th percentile nationally—meaning 95% of mechanical engineering programs leave students with heavier debt burdens relative to their earnings. For a school with an 85% admission rate, this is exceptional value that competes with far more selective institutions.

The earnings trajectory is solid: graduates move from $69,667 to $80,766 over four years, a 16% gain that keeps pace with the national pattern for this field. While these figures sit slightly below the national median, they're actually stronger than typical for South Dakota—ranking in the 60th percentile statewide and outpacing South Dakota State by nearly $2,000 at graduation. Regional cost of living makes these numbers stretch further than coastal equivalents.

For families concerned about engineering debt horror stories, this program offers reassurance. Your child graduates with manageable loans, immediately competitive earnings, and credentials from a respected technical school. The only real limitation is geography—Mines' strength lies in regional employers and industries, particularly mining and manufacturing. If your student wants to stay in the Mountain West or Midwest, this represents smart, affordable engineering training without the financial anxiety that plagues many STEM graduates.

Where South Dakota School of Mines and Technology Stands

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

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

South Dakota School of Mines and Technology graduates earn $70k, placing them in the 43th 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 South Dakota

Mechanical Engineering bachelors's programs at peer institutions in South Dakota (2 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
South Dakota School of Mines and Technology$69,667$80,766$27,0000.39
South Dakota State University$67,791$77,562$27,0000.40
National Median$70,744—$24,7550.35

Other Mechanical Engineering Programs in South Dakota

Compare tuition, earnings, and debt across South Dakota schools

SchoolIn-State TuitionEarnings (1yr)Debt
South Dakota State University
Brookings
$9,299$67,791$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 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 108 graduates with reported earnings and 109 graduates with debt data. Small samples may not be representative.