Business Insider recently ranked the Texas Tech University Whitacre College of Engineering among the best in the nation in terms of the amount of money its graduates earn. Texas Tech was ranked at No. 19 in the nation among engineering schools across the U.S. based on a review of PayScale's latest College Salary Report. The PayScale report takes into account the starting and mid-career pay for more than 1 million graduates.
The PayScale report was compiled from employees who filled out the website's employee survey then divided by school, degree and college major. The rankings represent the top 27 schools where students earned at least a bachelor's degree then went on to earn the most money 10 or more years after graduation. Texas Tech tied for 19th in the survey with an early career median pay for engineers of $67,400 and a midcareer median pay of $128,000.
"This is not a surprise to myself, our faculty or our staff," Dean Al Sacco Jr. said. "Our students continue to prove a Red Raider education is one of the best ways to provide a substantive living for you and your family. We have, and will continue to produce, tomorrow's engineering leaders today." Texas Tech ranked eighth among public schools in the survey and was ranked first in Texas with no other Texas colleges ranked in the top 27.
The U.S. News and World Report rankings are one of many rankings for institutions of higher education, and is one of the most publicized," said Lawrence Schovanec, Texas Tech University president. "We improved in certain categories that are particularly important to our mission. The results of these rankings and others are used to help us assess our progress and where we can improve Texas Tech as a great institution, as evident by our recent inclusion in the Carnegie Highest Research Activity category. Here at Texas Tech, we offer an exceptional education and overall experience with great value to our students." The rankings are collected by using both quantitative and qualitative data from seven categories: graduation and retention rates, assessment of excellence, faculty resources, student selectivity, financial resources, graduation rate performance and alumni giving.