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Mines Graduates Out-Earn Harvard Grads

September 20, 2012, 5:58 PM by Derek Olson

Mines Graduates Out-Earn Harvard Grads
RAPID CITY, SD -

The South Dakota School of Mines is known for its high academic standards.  But after Bloomberg News reported first year Mines graduates earn $2,000 more than Harvard grads, the students are beaming.

"I know the School of Mines is a great school, so it's surprising but not surprising at the same time," Metallurgical Engineering student Daniel Crecco said.

"I think it's great that we have some recognition. It's a great school to go to," Mining Engineering and Management student James McGough said.

According to the article, School of Mines students earn an average of $56,700 their first year out of college. Compare that to Harvard, where grads bring in a median salary of $54,100.

"Right now, with the mining industry having such a high demand for engineers it's no surprise that our students command a higher salary," Mining Engineering and Management Department Head Shashi Kanth said.

But high starting salaries isn't the only thing the school is proud of. Many departments have a near 100 percent placement rate.

"That's primarily driven by the demand from the industry as well as the caliber of students we produce," Kanth said.

For senior mining students like McGough, a well-paying job straight out of school is less of a hope and more of an expectation.

"Well you know, the world's a big place and I'm willing to go anywhere," McGough said.

This also points out the value students receive at the School of Mines, where annual tuition is less than a quarter of what it is at Harvard.

To check out the Bloomberg News article, click here.

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