2022 Best Value Bachelor’s Degree Colleges for Petroleum Engineering (Income $30-$48k) in New Mexico

It’s not easy to decide which college to attend when there so many options available for students. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Petroleum Engineering Schools for a Bachelor’s in New Mexico For Those Making $30-$48k” ranking is one tool we have developed to help in this regard.

Petroleum Engineering is the 180th most popular major in the country with 1,582 degrees awarded in 2019-2020. In 2017-2018, petroleum engineering graduates who were awarded their degree in 2015-2017, earned an average of $66,730 and had an average of $24,667 in loans still to pay off.

Across New Mexico, there were 23 petroleum engineering graduates with average earnings and debt of $0 and $26,747 respectively. At the bachelor’s degree level specifically, there were 18 petroleum engineering graduates with average earnings and debt of $36,108 and $24,162 respectively.

This ranking identifies schools with high-quality petroleum engineering programs that also have a lower cost than schools of similar quality.

To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the petroleum engineering program at the school. For more information, check out our ranking methodology.

One Size Does Not Fit All

Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Petroleum Engineering Schools for a Bachelor’s in New Mexico For Those Making $30-$48k” ranking, along with many other major-related rankings, to help you make that decision.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.

Best Value Petroleum Engineering Schools for a Bachelor’s in New Mexico For Those Making $30-$48k

The colleges and universities below are the best for new mexico bachelor’s degree petroleum engineering students whose families make $30-$48k.

Top 1 Best Value Bachelor’s Degree Colleges for Petroleum Engineering (Income $30-$48k) in New Mexico

#1

New Mexico Institute of Mining and Technology

Socorro, New Mexico

#1 in overall quality

$12,297 Average Net Price

$67,660 Average Early-Career Earnings

You’ll be in good company if you decide to attend New Mexico Institute of Mining and Technology. It ranked #1 on our 2022 Best Value Petroleum Engineering Schools for a Bachelor’s in New Mexico For Those Making $30-$48k list. Socorro, New Mexico is the setting for this small institution of higher learning. The public school handed out bachelors’s petroleum engineering degrees to 18 students in 2019-2020.

New Mexico Tech also made our “Best Petroleum Engineering Bachelor’s Degree Schools in New Mexico” list, coming in at #1. The estimated yearly cost for New Mexico Tech is $12,297 for New Mexico Bachelor’s Degree Petroleum Engineering students whose families make $30-$48k.

Since the school has a student-to-faculty ratio of 8 to 1, those pursuing a degree will have more opportunities to interact with their professors.

Full New Mexico Tech Petroleum Engineering Report

• Best Value Bachelor’s Degree Colleges for Petroleum Engineering (Income $30-$48k) in the Southwest Region
• Best Value Bachelor’s Degree Colleges for Petroleum Engineering (Income $30-$48k)

Notes and References

References

• The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
• Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
• Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

• *Average salary, average net price, and average tuition and fees are for the top schools only.
• Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

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