South Dakota School of Mines & Technology graduates received a $6,000 increase in starting pay in 2012 compared to 2011, according to new figures from Mines' Career and Professional Development Center.

The annual salary for Mines graduates was $62,696.

In September, Bloomberg News reported that Mines graduates earned a higher starting salary than Harvard graduates for about a fourth of the cost of the degrees.

The current estimated cost per year at Mines, which includes tuition, fees, room and board, is $15,300 for South Dakota students and $17,245 for out-of-state students. Last fall, Mines enrolled 2,424 students, a 5 percent growth from the previous year.

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