Socorro, NM · Private University
Is New Mexico Institute of Mining and Technology Worth It?
ROI analysis based on real earnings and cost data
Key Numbers
10-Year Earnings
$76,489
median, 10 years after enrollment
In-State Tuition
$9,058
per year
Out-of-State Tuition
$26,312
per year
Total 4-Year Cost
$105,248
tuition only (4 years)
ROI Ratio
2.91x
earnings ÷ annual tuition
Payback Period
2.5 yrs
years to recoup total cost
Graduation Rate
56.4%
6-year graduation rate
Median Debt
$19,085
at graduation
Avg Net Price
$8,265
after aid & scholarships
Earnings vs. Annual Cost
10-year median earnings compared to annual tuition
New Mexico Institute of Mining and Technology graduates earn $31,489 more than the national median of workers with any education level.
What You'd Actually Pay
Average net price after grants and scholarships, by family income
Source: IPEDS net price data. Actual costs vary based on individual financial circumstances.
Highest-Earning Majors
Top programs at New Mexico Institute of Mining and Technology ranked by graduate earnings
56 graduates
16 graduates
18 graduates
24 graduates
Earnings shown are 4-year post-graduation medians where available, otherwise 1-year medians.
ROI by Major at New Mexico Institute of Mining and Technology
All available majors ranked by graduate earnings — your major matters as much as your school.
Your major matters more than your school
At New Mexico Institute of Mining and Technology, the gap between the highest-earning major (Mechanical Engineering: $90,393) and the lowest (Chemical Engineering: $57,215) is $33,178/yr — bigger than the difference between many schools.
| Major | Earnings | ROI |
|---|---|---|
| Mechanical EngineeringBest ROI | $90,393 | 3.4x |
| Petroleum Engineering | $83,781 | 3.2x |
| Electrical, Electronics and Communications Engineering(1yr data) | $73,300 | 2.8x |
| Chemical EngineeringLowest(1yr data) | $57,215 | 2.2x |
Earnings are 4-year post-graduation medians where available, otherwise 5-year or 1-year. ROI = earnings ÷ annual tuition.
The Bottom Line
New Mexico Institute of Mining and Technology stands out as a strong financial investment among U.S. colleges. Graduates earn $76,489 10 years after starting — $31,489 above the national median of $45,000. The investment pays for itself in roughly 2.5 years — faster than most colleges.
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Earnings data from the U.S. Department of Education College Scorecard. Tuition data from IPEDS. ROI calculations are for informational purposes only and reflect median outcomes.