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

Attending the New Mexico Institute of Mining and Technology, a university can pay off very well in the long run. The school is based in Socorro, N.M., and it is ranked in the top 7 percent of universities by return on investment. The survey pool is heavily weighted toward men, with a male-to-female ratio of 5-to-1. After graduation, women earn less than men do, a finding consistent with alumni reports. This report is based on the responses of New Mexico Tech graduates who completed the PayScale salary survey.

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Overall College ROI Rank

80
out of 1223
See full list

ROI Rank for Public (Out-of-State) Universities

13
out of 408
 

Mid-Career Salary Rank for State School

12
out of 445

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  
   
Hydrogeologist
3 salaries
$70,000  
Petroleum Engineer
2 salaries
$146,500  
Software Developer
2 salaries
$64,000  
Software Engineer
2 salaries
$94,950  
Country: United States | Currency: USD | Updated: 1 May 2015 | Individuals Reporting: 47

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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 head into a range of vocations when it comes to work; the aerospace and defense industry, the guided missile manufacturing industry, and the education industry are just a few professional areas popular among alumni. The most popular professional field seems to be the environmental consulting industry. Consistent with the high SAT scores reported by New Mexico Tech alumni, former students go on to earn high salaries. Starting salaries of $76K are the median among New Mexico Tech grads.

Gender

Graduates from this school who take the survey are more likely to be male — the male-to-female ratio is 3 to 1. A gender wage gap becomes apparent after college, with female graduates earning only $57K on average compared to $78K for male graduates.

Jobs

Among New Mexico Tech graduates, the biggest earners are Petroleum Engineers, who haul in approximately $147K on average. Next on the list are Software Engineers and Electrical Engineers, bringing in about $95K and $78K, respectively. Collecting the smallest paychecks are Software Developers — they bring in around $64K.

Locations

The most popular destination for former New Mexico Tech students is Albuquerque, N.M. The top-paying city popular with New Mexico Tech alumni is Farmington, N.M., which offers a median salary of $128K. Among popular cities, the lowest average pay is found in Socorro at around $55K. Regardless of salary, a large portion of New Mexico Institute of Mining and Technology grads opt to live in the area following graduation. Other cities of interest include Seattle, Wash. and Denver, Colo.

Degree Major

Among the highest-paid New Mexico Tech alumni are those with a Bachelor of Science in Environmental Engineering — they earn close to approximately $130K on average per year. A Bachelor of Science in Biology is less advantageous in terms of earnings; alums with this degree are the lowest earners with a median annual pay of $40K.

Skills

Competency in Data Modeling translates into above-average pay for former Miners — they earn 52 percent more than their fellow graduates. Close to a fifth of grads report using Project Management as part of their job, making it the most popular skill. Also considered top-notch skills are Engineering Design, Microsoft Office, and Environmental Consulting.

Benefits and Perks

Just one in three grads enjoy paid vacation and merely one in four survey participants get paid sick time. Almost all graduates opt for a 401(k) to save for retirement. Benefits are rather generous for graduates of this school; the vast majority of grads are rewarded with health insurance and most former students report dental coverage, too. Other benefits that New Mexico Institute of Mining and Technology alumni receive are life insurance, a company-subsidized cell phone, a casual working environment, and flexible hours.

Related Schools

Among alumni of similar schools, University of Texas at El Paso grads (who make an average of about $62K) earn salaries most similar to New Mexico Tech alumni. Western New Mexico University, Northern Arizona University, and the University of Texas of the Permian Basin are also similar to New Mexico Tech.

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
19 %
Male
81 %
Salary
$30,837 - $79,290
Salary
$54,157 - $97,146
Less than 1 year
4%
1-4 years
26%
5-9 years
37%
10-19 years
15%
20 years or more
19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

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