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Electrical at New Mexico Institute of Mining and Technology

Socorro, NM · Public · Bachelor's Degree · Electrical, Electronics and Communications Engineering
62 /100
DegreeOutlook Score (Base Case) — assumes in-state tuition
63
Optimistic
62
Base Case
58
Pessimistic
Earnings $73,300/yr (-5% vs median)
AI Risk Very High (56% exposed)
Job Market Large (54,500 openings/yr)
ROI 20.3x earnings multiple (7.0x out-of-state)
Ranked #210 of 262 Electrical programs

How AI Changes the Outlook

Three scenarios based on how aggressively AI disrupts the career paths available to Electrical graduates.

Optimistic
No Disruption		 Base Case
Gradual AI		 Pessimistic
Aggressive AI
10-Year Earnings $765K $737K $637K
Earnings Multiple (In-State) 21.1x 20.3x 17.6x
Earnings Multiple (Out-of-State) 7.3x 7.0x 6.0x
Probability of Field Employment 78% 70% 48%
DegreeOutlook Score 63 62 58

10-Year Earnings Projection

*Year 1 uses actual reported earnings. Scenarios diverge as AI impact compounds over time.

4-Year Tuition, In-State (Sticker)
$36,232
Out-of-state: $105,248 (7.0x ROI)
4-Year Net Price (After Aid)
$33,060
9% less than sticker · See by income
Median Debt at Graduation
$15,981
2.6 months of Year 1 earnings

Program Analysis

New Mexico Institute of Mining and Technology's Electrical program produces graduates earning $73,300/yr — within striking distance of the $77,516 national average for this field.

The 20.3x earnings multiple means ten-year projected earnings exceed tuition cost by an order of magnitude. By pure financial math, this is a standout.

AI risk is moderate — 56% task exposure — and the 17% scenario spread suggests disruption would dent but not destroy the earnings outlook.

Loan repayment is a non-issue here — $15,981 in median debt clears quickly against $73,300 in annual earnings.

At #210 out of 262 programs, New Mexico Institute of Mining and Technology's financial outcomes for Electrical trail the majority of peers. The value case depends on other factors.

About New Mexico Institute of Mining and Technology

New Mexico Institute of Mining and Technology's 54% acceptance rate reflects moderate selectivity, with a smaller student body of 1,122 in Socorro, NM.

See all programs and financial aid at New Mexico Institute of Mining and Technology →

Top Career Paths

Architectural and engineering managers $167,740/yr
Computer hardware engineers $155,020/yr
Aerospace engineers $134,830/yr
View all 7 career paths with salary ranges and AI risk →

Compare & Explore

Compare this program → View all 262 schools offering Electrical →

Electrical at Other Schools

Carnegie Mellon University ($139,337) University of California-Berkeley ($137,295) Massachusetts Institute of Technology ($117,345) Cornell University ($100,516) The University of Texas at Austin ($96,997) Rice University ($96,751) National University ($93,417) Northeastern University ($92,222)

Other Majors at New Mexico Institute of Mining and Technology

Mechanical Engineering ($57,424) Chemical Engineering ($57,215) Petroleum Engineering ($42,325)

Is a Trade Program a Better Fit?

Compare Electrical trade programs on TradeSchoolWorth →

For students who prefer applied learning, trade programs can deliver strong earnings with significantly less debt and shorter time to employment.

Frequently Asked Questions

How does New Mexico Institute of Mining and Technology's Electrical program score?
A score of 62/100 reflects decent absolute metrics, but New Mexico Institute of Mining and Technology trails the majority of Electrical programs on relative rankings. Context matters more than the raw number.
How vulnerable is Electrical to AI automation?
AI won't 'replace' Electrical careers outright, but it is likely to reduce the number of job openings. We model 56% task exposure, which compresses field employment probability in our scenarios.
Scores use College Scorecard earnings, BLS employment projections, and AI task-exposure research. See full methodology →