Analysis
Rice's highly selective business program produces puzzling estimates that don't align with the school's elite profile. Based on comparable business programs in Texas, first-year earnings of $45,899 barely match the state median—a surprising outcome for an institution with an 8% admission rate and SAT scores in the 99th percentile. For context, UT Austin's business graduates report $94,041 in first-year earnings, while even Baylor's reach $74,886.
The estimated $29,000 debt load appears manageable with a 0.63 debt-to-earnings ratio, but that calculation assumes the earnings estimate holds true. The real concern is whether these state-wide estimates accurately reflect what Rice business graduates actually earn. Given that Rice competes with top-tier universities nationally and draws a largely non-Pell student body (only 16% receive grants), it would be unusual for its outcomes to merely track the Texas median rather than significantly exceed it.
The data suppression here—likely due to a small graduating class—makes this a particularly difficult program to evaluate. If you're paying Rice tuition for a business degree, you're betting that actual outcomes far exceed what similar Texas programs deliver. That's probably a safe assumption given the school's reputation, but without reported data, you're making that investment decision essentially blind.
Where Rice University Stands
Earnings vs. debt across all business/commerce bachelors's programs nationally
Compare to Similar Programs in Texas
Business/Commerce bachelors's programs at peer institutions in Texas (41 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $58,128 | $45,899* | — | $29,000* | — | |
| $11,678 | $94,041* | — | —* | — | |
| $54,844 | $74,886* | $90,608 | $15,000* | 0.20 | |
| $36,690 | $60,641* | $71,368 | $38,138* | 0.63 | |
| $17,488 | $57,020* | $56,664 | $47,236* | 0.83 | |
| $7,746 | $56,494* | $70,808 | $23,766* | 0.42 | |
| National Median | — | $47,506* | — | $26,000* | 0.55 |
Career Paths
Occupations commonly associated with business/commerce graduates
Sales Managers
Industrial Production Managers
Quality Control Systems Managers
Geothermal Production Managers
Biofuels Production Managers
Biomass Power Plant Managers
Hydroelectric Production Managers
Construction Managers
Administrative Services Managers
Facilities Managers
Security Managers
Chief Executives
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Rice University, approximately 16% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 24 similar programs in TX. Actual outcomes may vary.