Two separate honors for Mitchell Technical Institute were released this week.
On Saturday, the US Department of Education’s College Scorecard was released, ranking colleges nationwide on a variety of factors. MTI was noted as having the highest earning graduates of any of South Dakota’s two-year technical institutes. In addition, among graduates of South Dakota’s public universities and colleges, only SDSM&T, SDSU and USD graduates earned more than MTI graduates. MTI was above the national average for wages with a median salary of $38,000 earned annually ten years after enrolling. The national average is $34,343.
In addition, MTI’s graduation rate of 66% was well above the national average of 44% and the school’s annual cost of $11,327 was well below the average of $16,789 annually.
A separate ranking by SmartAsset.com was made after studying 565 of the nation’s best community colleges. MTI ranks fourth in the nation for quality, cost, success rate and return on investment. According to SmartAsset, “The average MTI grad goes on to earn a starting salary 1.08 times the total cost of getting a degree.” That means “students can expect to quickly pay off any student loans.”
MTI president Mark Wilson observed, “Both rankings reinforce the value of technical education. The bottom line is that MTI students pay less and earn more. It’s great to see that people around the United States are noticing that outcomes here at MTI are benefitting our graduates, our employers and our communities.”