Is a electrical engineering degree from Minnesota State Mankato worth it?

It depends on your other options. Debt equals 40% of first-year earnings, against a national median of 32%. Compare the cost with other Minnesota programs before deciding.

Minnesota State Mankato Electrical Engineering (Bachelor's): Tuition, Graduate Salary, and Debt

Q: How much debt do Minnesota State Mankato electrical engineering graduates have?

The median federal loan balance is $28,500, which ranks 4th lowest of 5 electrical engineering bachelor's programs in Minnesota. That works out to about $302 a month over 10 years.

Bachelor's in Electrical, Electronics, and Communications Engineering
Public university
Mankato, MN
About 10 graduates a year

College Scorecard June 2026 release · BLS wages May 2025

The short answer

Minnesota State Mankato electrical engineering graduates earn less than graduates of most electrical engineering programs nationally, $71,676 in their first year. Debt is high. The typical graduate leaves with $28,500 in federal loans, more than at 90% of electrical engineering programs in the country. Two other Minnesota programs report higher pay.

First-year earnings$71,67617th percentile of 247 programs nationally

Median federal debt$28,5004th lowest of 5 Minnesota programs

Debt-to-earnings40%Minnesota median 40%, national 32%

How it compares

Each figure is the median for graduates of the program. The Minnesota and national columns are the medians across all electrical engineering bachelor's programs that report the figure.

	Minnesota State Mankato	Minnesota	National
Earnings, 1 year after graduating	$71,676	$71,676	$77,928
Median federal debt at graduation	$28,500	$27,000	$25,000
Debt as share of first-year pay	40%	40%	32%
Programs compared		5	247

Debt and first-year pay at every Minnesota electrical engineering program

Programs in the upper left give graduates higher pay for less debt. Dashed lines mark the Minnesota medians.

Minnesota State MankatoOther Minnesota programs

Hover over or tap a dot to see the school. Only programs that report both earnings and debt are shown.

Paying back the loans

On a standard 10-year plan, the median debt means a payment of about $302 a month, or 5.1% of a graduate's typical monthly pay in the first year.

Where graduates work, and what the pay is worth

Prices in the Mankato area are about 9% below the national average, so a $71,676 salary here buys what about $78,804 buys in a typical US city.

Careers this field leads to

These are the jobs that the federal crosswalk from fields of study to occupations links to electrical engineering, largest first. Pay is the median across all experience levels.

Architectural and Engineering Managers

$172,130

Median pay in Minnesota. 4,580 people work in this job in Minnesota. Nationally, jobs are projected to grow 6% from 2025 to 2035, with about 14,900 openings a year. Typical education to start: bachelor's degree, plus 5 years or more of related work experience.

Bottom 10%: $128,430Top 10%: $223,540

Electrical Engineers

$109,510

Median pay in Minnesota. 3,150 people work in this job in Minnesota. Nationally, jobs are projected to grow 10% from 2025 to 2035, with about 11,400 openings a year. Typical education to start: bachelor's degree.

Bottom 10%: $78,750Top 10%: $167,030

Electronics Engineers, Except Computer

$112,390

Median pay in Minnesota. 1,200 people work in this job in Minnesota. Nationally, jobs are projected to grow 4% from 2025 to 2035, with about 4,900 openings a year. Typical education to start: bachelor's degree.

Bottom 10%: $80,020Top 10%: $179,940

Computer Hardware Engineers

$134,300

Median pay in Minnesota. 770 people work in this job in Minnesota. Nationally, jobs are projected to grow 9% from 2025 to 2035, with about 4,100 openings a year. Typical education to start: bachelor's degree.

Bottom 10%: $84,770Top 10%: $176,340

About Minnesota State Mankato

In-state tuition and fees	$9,572 / year
Out-of-state tuition and fees	$18,942 / year
Average net price after aid	$19,139 / year
Admission rate	88%
Graduation rate (within 6 years)	54%
Undergraduate students	11,703

Electrical Engineering ranks 4th of 36 bachelor's programs at Minnesota State Mankato by first-year earnings. The top three are Construction Management ($75,682), Nursing ($75,655), and Computer and Information Science ($71,742).

Common questions

The median graduate earns $71,676 one year after graduating. The median across electrical engineering bachelor's programs in Minnesota is $71,676.

About this data

Earnings and debt only include students who received federal financial aid (grants or loans).
Earnings only count graduates who were working and not enrolled in more school. Graduates who went straight to further study are not included.
Debt only includes federal loans. Private loans and credit cards are not counted.
Some schools with several campuses report one combined figure for all of them. We count each of those schools once, and leave them out of Minnesota comparisons when their main campus is in another state.
Scorecard figures describe graduating classes from several years ago. BLS wages are from May 2025.
School-level numbers like tuition, admission rate, and graduation rate are for the whole school, not the electrical engineering program.

Sources

U.S. Department of Education, College Scorecard, field of study and institution files, June 2026 release
Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025
Bureau of Labor Statistics, Employment Projections 2025 to 2035
Bureau of Economic Analysis, Regional Price Parities, 2024
NCES, CIP 2020 to SOC 2018 crosswalk, and IPEDS institution directory, 2024

Electrical Engineering bachelor's programs in Minnesota, ranked5 programs by pay and debt Electrical Engineering bachelor's programs in the US, ranked247 programs by pay and debt All Minnesota State Mankato programs, ranked39 programs by pay and debt