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Average Salary for New Mexico Institute of Mining and Technology (New Mexico Tech) Alumni

Located in Socorro, N.M., roughly 2,000 students call New Mexico Institute of Mining and Technology home for four years. With a male-to-female ratio of 5-to-1, there are more men than women in the pool of respondents. In addition, male grads generally bring in more money than their female equivalents according to alumni reports. Alumni responses to PayScale's salary questionnaire form the basis for this outline.

Overall College ROI Rank
43
out of 1312
See full list
ROI Rank for Public (In-State) Universities
9
out of 420
Mid-Career Salary Rank for State School
12
out of 445
See full list
Typical Early Career Salary
$51,500
New Mexico Institute of Mining and Technology (New Mexico Tech) Alumni
Median Salary by Job
Job
National Salary Data (?
XAll compensation data shown are the gross, national median (50th percentile). Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Electrical Engineer
5 salaries
$77,682  
   
Petroleum Engineer
4 salaries
$103,846  
Statistician
2 salaries
$97,290  
Process Engineer
2 salaries
$71,300  
Software Engineer
2 salaries
$94,950  
Project Manager, Engineering
2 salaries
$104,750  
Software Developer
2 salaries
$64,000  
Country: United States | Currency: USD | Updated: 22 Nov 2014 | Individuals Reporting: 72
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New Mexico Institute of Mining and Technology (New Mexico Tech) Details

Address:

801 Leroy Place
Socorro, NM 87801

Website:

Students Enrolled:

1,565

Categories:

State Schools, Engineering

Graduation Rate:

47 %

% STEM:

89 %

% Stay In State:

43 %

% Receiving Pell Grants:

27 %
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Source: Freebase, licensed under CC-BY

Industry

Graduates of New Mexico Tech go into the environmental consulting industry, the education industry, and the government industry, not to mention a variety of other lines of work. The most popular career sector among alumni is the aerospace and defense industry. Starting salaries of about $72K are common among New Mexico Tech grads.

Gender

The number of male graduates outweighs the number of women; the school has a male-to-female ratio of more than 3 to 1. After graduation, disparities in salary rise to the surface — males tend to earn approximately $77K per year compared to females' around $55K.

Jobs

New Mexico Tech grads who become Petroleum Engineers garner financial rewards beyond any other job type for this group — these alumni rake in $108K annually. However, Engineering Project Managers and Statisticians also rank as top-earners (bringing in $105K and $97K, respectively). Sliding in near the bottom are Control Systems Engineers, who report earnings of $65K.

Locations

Many New Mexico Tech grads flock to Albuquerque. With a median salary of around $96K, Washington, DC represents the highest-paid city popular among New Mexico Tech grads. Relative to other popular cities, Socorro ranks low on the pay scale (average pay is $54K); however, New Mexico Institute of Mining and Technology grads enjoy the area so much that they often choose to reside here after graduation despite the drawback in salary. Denver and Tucson are popular choices as well.

Degree Major

A Bachelor of Science in Petroleum Engineering earns New Mexico Tech students the most money after college ($120K per year). A Bachelor of Science in Biology commands less pay, and these degree-holders face salaries of about $45K.

Skills

Project Management is a common skill among New Mexico Tech alumni — a little less than one-fifth of grads mention using it at work. Competency in Data Modeling translates into above-average pay for former Miners — they earn 34 percent more than their fellow graduates. Engineering Design, Microsoft Office, and Microsoft Excel are desirable skills as well.

Benefits and Perks

Though vacation and sick days are paid for some, these benefits are reported by the minority of graduates (two-fifths of alumni and one in three grads, respectively). A solid majority of grads allocate some part of their earnings to a company-sponsored 401(k) savings plan. The greater part of alums have medical plans, and a strong majority of grads have dental insurance. New Mexico Institute of Mining and Technology alumni are also on the receiving end of life insurance, a casual working environment, a company-subsidized cell phone, and flexible hours.

Related Schools

The University of Texas at El Paso grads bring in salaries of around $63K, making them the most similar to New Mexico Tech alumni in terms of earnings. Western New Mexico University, Northern Arizona University, and The University of Texas of the Permian Basin are also similar to New Mexico Tech.

New Mexico Institute of Mining and Technology (New Mexico Tech) Job Listings

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Test Scores
Academics 25th Percentile 75th Percentile
SAT Scores* 1140 1370
ACT Scores 23 29

Key Stats

Gender

Female

17 %

female alumni

Male

83 %

male alumni
Salary
$30,639 - $79,290
Salary
$50,051 - $97,006

Years of Experience

Less than 1 year
6%
1-4 years
32%
5-9 years
31%
10-19 years
18%
20 years or more
13%

Job Satisfaction


Highly satisfied
Rated 4 out of 5
based on 33 votes.

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