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

Ranked in the top 7 percent of universities by return on investment, the New Mexico Institute of Mining and Technology is a university based in Socorro, N.M., and it's home to around 2,000 undergraduates. The survey respondent pool is largely skewed toward men with a male-to-female ratio of 5-to-1, and men also report larger salaries after graduation than women do. Alumni responses to PayScale's salary questionnaire form the basis for this outline.

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College ROI Report

80th

20 Year Net ROI 

$541,300

Annual ROI 

9.4%

Total 4 Year Cost 

$111,700

Compare to Other Schools

College Salary Report

97th

Early Career Salary 

$56,600

Mid-Career Salary 

$95,000

% High Meaning 

67.0%

Compare to Other Schools

New Mexico Institute of Mining and Technology (New Mexico Tech) Alumni

Median Salary by Job

Job
National Salary Data 
$0$50K$100K$150K
Electrical Engineer
4 salaries
$80,022  
   
Hydrogeologist
3 salaries
$70,000  
Petroleum Engineer
2 salaries
$146,500  
Software Developer
2 salaries
$64,000  
Software Engineer
2 salaries
$96,000  
Country: United States | Currency: USD | Updated: 22 Aug 2015 | Individuals Reporting: 36
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About This School

801 Leroy Place
Socorro, NM 87801

1,604

State School, Engineering

44 %

89 %

46 %

32 %


Freebase CC-BY Source: Freebase, licensed under CC-BY; IPEDS (As of January, 2015)

Industry

Graduates of New Mexico Tech go into the guided missile manufacturing industry, the environmental consulting industry, and the oil and gas exploration industry, not to mention a variety of other lines of work. The most highly represented industry among alumni is the aerospace and defense industry. In line with impressive SAT scores, New Mexico Tech grads also report top-earning positions in the workforce. The average starting salary for a graduate of New Mexico Tech is $78K.

Gender

Male graduates of New Mexico Tech out-earn their female counterparts significantly, earning an average of around $80K versus about $61K for women. Men make up the majority of graduates who answered the questionnaire for a male-to-female ratio of more than 3 to 1.

Jobs

The most generous salaries among New Mexico Tech alumni are reportedly earned by Petroleum Engineers, whose median earnings come to $147K, followed by Software Engineers ($96K) and Electrical Engineers ($77K). Software Developers wrap up the bottom of the pay scale, earning approximately $64K.

Locations

Home to a large number of New Mexico Tech alums, Albuquerque, N.M. is by far the most attractive city for these former students. Another city that attracts a wealth of New Mexico Tech grads is Farmington, N.M.; given its high compensation (around $128K is the average salary), the city's popularity should come as no surprise. Though Fairbanks, Alaska takes the cake for lowest pay among New Mexico Tech grads (the median salary is approximately $57K there), it remains a common destination for former students. Other cities of interest include Seattle, Wash. and Denver, Colo.

Degree Major

Financial compensation is highest for New Mexico Tech grads with a Bachelor of Science in Environmental Engineering (average earnings climb to $135K per year). Average annual salaries for those with a Bachelor of Science in Mechanical Engineering (ME) are the lowest of the pack, earning $58K.

Skills

Project Management is a popular skill among New Mexico Tech alumni, with slightly more than a fifth of workers reporting using it on the job. Data Modeling commands a pay premium of 48 percent for former Miners. Engineering Design, Microsoft Office, and C++ are among other dominant skills.

Benefits and Perks

Just one in three grads enjoy paid vacation and merely one in three grads get paid sick time. Nearly all graduates set up a 401(k) to save for retirement. Almost all former students enjoy benefits like health insurance, while a large number of former students receive dental plans, too. New Mexico Institute of Mining and Technology grads are also lucky enough to receive life insurance, a casual working environment, a company-subsidized cell phone, and flexible hours.

Related Schools

Western New Mexico University grads report the most similar salaries to New Mexico Tech alums, earning $74K on average. Northern Arizona University, the University of Texas at El Paso, 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*
* SAT writing score is not included.
1120 1350
ACT Scores 23 29

Key Stats for New Mexico Institute of Mining and Technology (New Mexico Tech)

Gender

Female
17 %
Male
83 %
Salary
$30,252 - $81,389
Salary
$56,076 - $114,768
Less than 1 year
5%
1-4 years
29%
5-9 years
33%
10-19 years
17%
20 years or more
17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

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