Petroleum Engineering graduates from New Mexico Institute of Mining and Technology earn $95,234 median salary — below the national average for this program. Median debt: $24,000.
Petroleum Engineering at New Mexico Institute of Mining and Technology
Socorro, New Mexico • Bachelor's
What the IPEDS & College Scorecard Data Shows for Petroleum Engineering at New Mexico Institute of Mining and Technology
This page combines two federal data products: IPEDS institutional characteristics for New Mexico Institute of Mining and Technology and the College Scorecard field-of-study (FOS) file for Petroleum Engineering at the bachelor's credential level. The FOS file is keyed by CIP (Classification of Instructional Programs) code, which means earnings and debt figures here reflect only graduates of this specific program — not the school as a whole. IPEDS reports 4 completers in the most recent cohort for this program at New Mexico Institute of Mining and Technology, the denominator behind the median earnings figure.
Median graduate earnings of $95,234 represent Treasury-verified wages approximately one year after program completion, drawn from Social Security Administration records linked to federal financial aid applicants. Compared to the national mean of $106,077 across all institutions offering Petroleum Engineering, graduates here earn below the national average for this program. Across all programs at New Mexico Institute of Mining and Technology, the mean median-earnings figure is $83,570, providing internal context for whether this specific field out-earns other options at the same institution.
Debt signals complete the ROI picture. The median cumulative federal loan debt for Petroleum Engineering graduates at New Mexico Institute of Mining and Technology is $24,000, which translates to roughly $200 per month on a standard 10-year repayment plan. The debt-to-earnings ratio of 0.25 is under the 1.0 threshold the College Scorecard uses to flag favorable gainful-employment outcomes — earnings in year one already exceed cumulative borrowing. Program-level debt and earnings come from the Department of Education’s College Scorecard FOS release, updated annually.
Earnings Comparison
Program Details
Debt & ROI
Petroleum Engineering at Other Schools
| School | Median Earnings | Median Debt |
|---|---|---|
| University of Tulsa | $145,353 | $26,950 |
| The University of Texas at Austin | $139,867 | $17,239 |
| Texas Tech University | $139,864 | $24,850 |
| University of Oklahoma-Norman Campus | $123,416 | $23,000 |
| Colorado School of Mines | $116,691 | $26,500 |
| Texas A&M University-College Station | $114,686 | $18,969 |
| Pennsylvania State University-Main Campus | $113,669 | $22,837 |
| Montana Technological University | $106,076 | $27,000 |
| Louisiana State University and Agricultural & Mechanical College | $103,421 | $24,211 |
| University of Louisiana at Lafayette | $102,594 | $20,500 |
Other Programs at New Mexico Institute of Mining and Technology
| Program | Median Earnings | Median Debt |
|---|---|---|
| Electrical, Electronics, and Communications Engineering | $117,813 | $15,981 |
| Mechanical Engineering | $98,213 | $19,500 |
| Computer and Information Sciences, General | $95,750 | $16,918 |
| Petroleum Engineering (current) | $95,234 | $24,000 |
| Mechanical Engineering | $92,541 | — |
| Chemical Engineering | $85,900 | $15,000 |
| Teacher Education and Professional Development, Specific Subject Areas | $70,333 | — |
| Biology, General | $48,211 | — |
| Civil Engineering | $48,135 | — |
Other Schools with Petroleum Engineering
Quick picks offering the same program — compare side by side
About the Data
Data from the U.S. Department of Education College Scorecard Field of Study file. Earnings are median earnings for graduates after completion, drawn from U.S. Treasury tax records linked to federal financial aid applicants. Institutional characteristics come from IPEDS. Debt figures represent the median cumulative federal loan debt at graduation.
Debt-to-earnings ratio compares cumulative debt to annual earnings. A ratio below 1.0 indicates that annual earnings exceed total debt, generally considered favorable. Estimated monthly payments assume a standard 10-year repayment plan.
Read our methodology — how this data is sourced, computed, and verified.