The college is ranked eighth in terms of best value and earnings 20 years after graduation.
The Whitacre College of Engineering at Texas Tech University earned a national ranking from PayScale in terms of the best return on investment for graduates 20 years after earning their degree.
Texas Tech ranked eighth on the list for in-state students with a listed 20-year return on investment of $958,000 when compared to a four-year cost of attendance of $86,300. PayScale also listed the average loan amount for a Texas Tech engineering student at $30,000.
For out-of-state students, Texas Tech ranked 18th on the list with a listed 20-year return on investment of $925,000 when compared to a four-year cost of attendance of $119,000.
“This is again an example of the outstanding students the Texas Tech Whitacre College of Engineering produces,” Dean Al Sacco Jr., said. “We are proud of all our alums and believe they are second to none.”
Among the median salary by jobs listed in the report, petroleum engineering had the highest average salary at just less than $115,000 per year. Mechanical engineers could expect an average salary of about $74,000 two decades after leaving school.
In the report, mechanical engineering also was listed as one of the more popular degrees, where graduates with a bachelor of science earned from $63,000 to $121,000. A graduate with a bachelor of science degree in civil engineering could expect to make between $47,000 and $100,000.
In addition to mechanical and petroleum engineering, the Whitacre College of Engineering offers undergraduate degrees in chemical engineering, civil, environmental and construction engineering, computer science, electrical and computer engineering and industrial engineering.
The complete list of rankings can be found at the PayScale website.