Median Earnings (1yr)
$80,460
94th percentile
60th percentile in Texas
Median Debt
$26,090
1% above national median

Analysis

Texas Tech's petroleum engineering program launches graduates into six-figure territory remarkably fast—earnings jump from $80,460 to $106,480 within four years, a 32% increase that reflects the program's strong industry connections. While it ranks in the 94th percentile nationally, the Texas context is more nuanced: with seven petroleum engineering programs statewide, Tech sits at the 60th percentile, behind UT Austin and Texas A&M's flagship but well ahead of regional competitors. For families paying in-state tuition, that's a meaningful position—you're getting significantly better outcomes than half the state's programs at a fraction of what private schools charge.

The $26,090 debt load is entirely manageable given first-year earnings, with graduates owing less than one-third of their initial salary. That debt-to-earnings ratio is substantially better than most majors, and the strong earning trajectory means financial breathing room arrives quickly. The moderate sample size suggests this isn't a tiny, volatile program—it's an established track with consistent placement.

For Texas families, this represents solid value: you're not quite at flagship-level outcomes, but you're avoiding both the massive debt of out-of-state programs and the earning limitations of smaller regional schools. If your student can handle the technical demands and isn't fixated on the absolute top-tier brand, Tech delivers strong financial returns without the debt burden that would come from chasing marginally higher earnings elsewhere.

Where Texas Tech University Stands

Earnings vs. debt across all petroleum engineering bachelors's programs nationally

Earnings Distribution

How Texas Tech University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Texas Tech University$80,460$106,480+32%
Texas A&M University-College Station$69,603$123,170+77%
The University of Texas at Austin$86,761$111,635+29%
The University of Texas Permian Basin$61,299$99,979+63%
University of Houston$52,295$84,507+62%

Compare to Similar Programs in Texas

Petroleum Engineering bachelors's programs at peer institutions in Texas (7 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Texas Tech UniversityLubbock$11,852$80,460$106,480$26,0900.32
The University of Texas at AustinAustin$11,678$86,761$111,635$17,2390.20
Texas A&M University-College StationCollege Station$13,099$69,603$123,170$19,0000.27
The University of Texas Permian BasinOdessa$10,904$61,299$99,979$24,5000.40
University of HoustonHouston$9,711$52,295$84,507$23,3660.45
Texas A&M University-KingsvilleKingsville$9,892$43,257———
National Median—$67,567—$25,8750.38

Career Paths

Occupations commonly associated with petroleum engineering graduates

Architectural and Engineering Managers

Plan, direct, or coordinate activities in such fields as architecture and engineering or research and development in these fields.

$167,740/yrJobs growth:Bachelor's degree

Biofuels/Biodiesel Technology and Product Development Managers

Define, plan, or execute biofuels/biodiesel research programs that evaluate alternative feedstock and process technologies with near-term commercial potential.

$167,740/yrJobs growth:Bachelor's degree

Petroleum Engineers

Devise methods to improve oil and gas extraction and production and determine the need for new or modified tool designs. Oversee drilling and offer technical advice.

$141,280/yrJobs growth:Bachelor's degree

Engineering Teachers, Postsecondary

Teach courses pertaining to the application of physical laws and principles of engineering for the development of machines, materials, instruments, processes, and services. Includes teachers of subjects such as chemical, civil, electrical, industrial, mechanical, mineral, and petroleum engineering. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:
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 Texas Tech University, approximately 26% 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.

Sample Size: Based on 59 graduates with reported earnings and 54 graduates with debt data. Small samples may not be representative.