Using science and data, we can tell you which colleges in TX offer the best opportunities for economics majors.
You know there are a ton of great reasons to major in economics — the job prospects, the intellectual challenge, and the chance to follow in the footsteps of some of the greatest thinkers of all time.
But what program in Texas offers the most to would be economics majors?
We at Zippia decided to take a look at the data on the 482 institutions of higher learning in the Lone Star State to determine which programs offer the best career opportunities for economics majors.
After the dust settled, we’re left with this set of the top colleges for economics majors in Texas:
If you go to one of these schools, chances are, you’re not surprised. After all, you know how great you have it.
But for the rest of you — keep reading and we’ll get to just why these schools have some of the best economics programs the Lone Star State has to offer.
Economics is, at its core, the study of choice under constraints. When it comes to identifying the best economics schools we wanted to approach the ranking like economics major would, by looking at data on how schools perform and comparing them to one another.
What better way to optimize your choice?
So with that mind, we looked at the following data from the NCES (National Center For Education Statistics) and College Scorecard data from ED.gov to understand what economics department offer the best career opportunities:
It’s hard to argue with a selective school that features economics and produces strong earning potential for your career.
After we had this data, we looked at the 482 institutions of higher learning in Texas. Of which, only 28 offer an economics major.
We then ranked each of these schools from 1 to 28 for each of the criteria above with 1 being the best in any given criteria.
Next, we averaged the ranks for each school to create an “Economics Quality Index”. The school with the best score on the “Economics Quality Index”, Rice University, earned the distinction of being the ‘Best College For Economics’ in Texas.
Of course, we have to start off our list of the best econ departments in the state of Texas with Rice, located in the Rice University’s School of Social Sciences. If you get an Economics degree at Rice, you’ll have the highest salary both 6 and 10 years outside of graduation.
Additionally, Rice has the highest acceptance rate (91%) and it has the lowest debt per student – meaning you get a real bang for your buck here.
Located in the UT Dallas School of Economic, Political & Policy Sciences, the Economics Department here has the 12th highest graduation rate in the state, and graduates have the eighth-highest salaries even up to 10 years after graduation.
Located within UT’s College of Liberal Arts, the Economics Department at UT Austin has the third-highest graduation rate in the state and the sixth-highest admission rate of all economics departments in the state of Texas.
Plus, economics graduates from UT-Austin have the 3rd highest salaries down the road, and their debt is the third lowest of all schools we measured.
The University of Houston’s Econ Department is very picky – they have the lowest acceptance rate of any school in the state. But if you can get in it’s well worth it – students leave school earning the 8th highest salaries in the state 5 years after graduation.
The program at Texas A & M is highly ranked nationally, and when you look at the numbers, you can see why. It’s far more affordable than many of the other programs in the state, and there are only 4 other programs in Texas where students graduate on time and earn higher salaries once they step out into the real world.
UT Arlington Economics graduates can expect to have the third-lowest debt rate of all departments in the state, and the number of students working in the field of economics 10 years out is in the top 10 as well.
This Texas A & M sister campus has an exceptional Economics Department within its ranks. It’s the third least expensive, but the number of graduates who are still working in their field 10 years out is the sixth highest in the state, and actually the second highest of any other department on this list.
The Dedman College Program is ranked #31 in the nation, and for good reason. Students have the second-highest earning power after leaving SMU, and it’s the sixth-easiest program to be accepted into. This is the most expensive program in the state, but you get what you pay for.
Economics students will appreciate the low cost to attend this wonderful program. It’s a bit harder to get into, but students come out of here and jump right into the job market – earning the eighth-highest salaries after graduation.
Being 5th in cost means students who graduate from UNT’s Econ Department aren’t burdened with high student loans. But many students leave and hit the ground running – the program ranks 9th in earnings after graduation, and 9th in the number of students still working in the field 10 years down the road.
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