Mining Degree Better than Harvard Degree | Mining University

Mining Degree Better than Harvard Degree

The Los Angeles Times reported yesterday that the average starting salary of graduates from the South Dakota School of Mines and Technology is more than the average for Harvard graduates. This seems shocking on the surface but to those in the mining industry, it's business as usual. The shortage of mining professionals, engineers, metallurgists and geologists has driven up salaries across the industry. The average starting salary for SDSMT graduates listed by the LA Times ($56,700) even seems a little low for the market today.

Job History of Mining Professionals

There was a big boom in the number of mining professionals and job opportunities created by the Carter administration. The decreased mineral production and the energy crisis during the late 1970's created a big demand for engineers and geologists in the early 80's. Following this boom, demand for mining professionals faded to the point where there was almost no influx of new personnel into the industry. Take a look at the engineers and geologists in any mining company in the world and count how many employees you see between the ages of 35 and 55. There is an almost complete lack of bodies to fill this interval.

Recently there has been in increase in demand for and personnel in mining and geology. The increase in available mining professionals has not kept up with demand and the price for salaries has gone up accordingly.

Other Mining Schools

Mining Engineering and other Mining related degrees can be earned at a number of other universities. Some of the schools offering mining engineering degrees include:

University of Utah
Colorado School of Mines
University of Nevada Reno
Penn State College
Virginia Tech
Queens University
University of Alaska Fairbanks

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