New Mexico Institute of Mining and Technology is a small public university located in Socorro, NM ranked 4th in New Mexico. It has a total of 1,482 full-time undergraduate students and is not very competitive, accepting 79.79% of applicants. New Mexico Institute of Mining and Technology offers 57 different majors and is best known for its Physical Sciences, Petroleum Engineering, and Professional, Technical, Business, and Scientific Writing programs (nationally ranked 13th, 17th, and 26th respectively). With an annual tuition of $6,826 for students from New Mexico and $22,194 for those from out-of-state, New Mexico Institute of Mining and Technology is reasonably expensive. 36.99% of students graduate beginning the next chapter of their lives, working. After graduation, alumni go on to earn about $50,000 per year, which is 20% over the national median.