Petroleum Engineering at The University of Texas at Austin

UT Austin's petroleum engineering graduates command some of the highest starting salaries in the field—$86,761 within a year of graduation—while carrying just $17,239 in debt. That 0.20 debt-to-earnings ratio means graduates can theoretically pay off their loans in about 2.5 months of work, an exceptional financial position. While Texas Tech edges slightly higher at $80,460 starting pay, no other Texas petroleum engineering program comes close, and UT Austin significantly outperforms the state median of $65,451.

The numbers get even better over time. Four years out, median earnings jump to $111,635, representing 29% growth and suggesting strong career trajectory in an industry known for volatility. At a selective public institution (29% admission rate), students benefit from both academic rigor and the relatively affordable in-state tuition structure that keeps debt manageable—well below both state and national benchmarks.

The caveat: petroleum engineering enrollment nationwide has fluctuated with oil prices, and only 24 schools still offer this major. The moderate sample size here reflects that reality. For students comfortable with energy sector dynamics and drawn to engineering problem-solving, UT Austin offers what amounts to a best-case scenario—elite earning potential without the crushing debt burden that typically accompanies six-figure salaries fresh out of college.