Petroleum Engineering Degree from New Mexico Institute of Mining and Technology Return on Investment
See what the return on investment is for jobs that someone with a Petroleum Engineering degree from New Mexico Institute of Mining and Technology is likely to work in.
Top job projections for graduates in petroleum engineering from new mexico institute of mining and technology
Petroleum engineers
Projection Rating: A-
Median Annual Wage: $135,690
Percentage of Paycheck to Repay: 5.81%-4.32%
Employment Change: 0.5%
Entry-Level Education: Bachelor's degree
Wind Energy Engineers
Projection Rating: A-
Median Annual Wage: $82,000
Percentage of Paycheck to Repay: 9.62%-7.15%
Employment Change: 0.5%
Entry-Level Education: Bachelor's degree
The Petroleum Engineering degree from New Mexico Institute of Mining and Technology offers an impressive return on investment (ROI) for students looking to embark on a career in the energy sector. As one of the premier institutions for engineering education, New Mexico Tech equips students with the necessary skills and knowledge to thrive in a competitive industry.
Graduates from the Petroleum Engineering program can expect high starting salaries, with many entering the workforce at six-figure incomes. The demand for skilled petroleum engineers continues to rise, driven by the global need for energy resources. This strong market demand translates into excellent job placement rates for New Mexico Tech graduates, ensuring that your investment in education pays off.
In addition to lucrative salaries, the cost of attending New Mexico Tech is relatively low compared to many other institutions, enhancing the degree's ROI. The university's commitment to providing a quality education without the burden of excessive debt allows graduates to maximize their earnings potential.
Furthermore, the hands-on experience gained through internships and industry partnerships during the program enables students to build valuable connections and gain practical skills. This real-world experience not only enriches their education but also enhances their employability, further improving their return on investment.
In summary, pursuing a Petroleum Engineering degree from New Mexico Institute of Mining and Technology is a smart financial decision. With high starting salaries, low educational costs, and robust industry connections, graduates can look forward to a rewarding career in one of the most vital sectors of the economy.
Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.