pay day

Report: Going to this Houston school really pays off for new grads

Rice students earn the most upon graduation, according to a new study. Photo courtesy of Rice University

If you're looking for a Texas college or university where your education will come with an impressive paycheck, look no further than Houston's Rice University.

A new study from personal financial website SmartAsset shows the average starting salary for a newly minted Rice grad with a bachelor's degree stands at $72,400. No other college or university in Texas passes the $70,000 mark for starting salaries.

A report from PayScale.com indicates the $72,400 average salary for a Rice grad ranks 39th in the nation. Harvey Mudd College in Claremont, California, claims the No. 1 spot ($91,400).

The salary ranking is part of a broader SmartAsset study that examined five factors — scholarships and grants, tuition, student living costs, student retention rate, and starting salary — to determine the best-value colleges and universities in Texas. Rice also appears at No. 1 on that list.

"Rice is frequently rated as one of the nation's best values among private schools because its tuition tends to be lower than its peer research universities," the school noted in a March news release, "and its financial aid policies are regularly reviewed to keep its exceptional education affordable to students from a wide variety of cultural and economic backgrounds."

For the salary component of the study, the University of Houston ranks 10th in the state, at $57,500. Overall, it earns the No. 3 spot for best value in Texas.

Here's the list of the top 10 schools in Texas for starting salaries of new grads:

  1. Rice University in Houston, $72,400
  2. University of Texas at Austin, $62,100
  3. Texas A&M University in College Station, $61,200
  4. University of Texas Health Science Center at San Antonio, $60,800
  5. Southern Methodist University in Dallas, $60,600
  6. LeTourneau University in Longview, $59,900
  7. Prairie View A&M University in Prairie View, $59,500
  8. University of Texas at Dallas in Richardson, $58,900
  9. Texas Tech University in Lubbock, $57,600
  10. University of Houston, $57,500

Here's the list of the top 10 schools in Texas designated as "best value":

  1. Rice University in Houston
  2. University of Texas at Austin
  3. University of Houston
  4. Texas A&M University in College Station
  5. University of Texas at Dallas in Richardson
  6. Texas Tech University in Lubbock
  7. Prairie View A&M University in Prairie View
  8. LeTourneau University in Longview
  9. Midwestern State University in Wichita Falls
  10. Texas State University in San Marcos

Trending News

Building Houston

 
 

Houston-based medical device and biotech startup Steradian Technologies has been recognized by the Bill and Melinda Gates Foundation. Photo by Dwight C. Andrews/Greater Houston Convention and Visitors Bureau

A female-founded biotech startup has announced that it has received a grant from the Bill & Melinda Gates Foundation.

Steradian Technologies has developed a breath-based collection device that can be used with diagnostic testing systems. Called RUMI, the device is non-invasive and fully portable and, according to a news release, costs the price of a latte.

“We are extremely honored to receive this award and be recognized by the Bill & Melinda Gates Foundation, a leader in global health. This funding will propel our work in creating deep-tech diagnostics and products to close the equity gap in global public health," says Asma Mirza, CEO and co-founder of Steradian Technologies, in the release. “The RUMI will demonstrate that advanced technology can be delivered to all areas of the world, ensuring the Global South and economically exploited regions receive access to high-fidelity diagnostics instead of solutions that are ill-suited to the environment.”

RUMI uses novel photon-based detection to collect and diagnose infectious diseases in breath within 30-seconds, per the release, and will be the first human bio-aerosol specimen collector to convert breath into a fully sterile liquid sample and can be used for many applications in direct disease detection.

"As the healthcare industry continues to pursue less invasive diagnostics, we are very excited that the foundation has identified our approach to breath-based sample collection as a standout worthy of their support," says John Marino, chief of product development and co-founder. “We look forward to working with them to achieve our goals of better, faster, and safer diagnostics."

Founded in 2017, Steradian Technologies is funded and supported by XPRIZE, Johnson & Johnson’s Lung Cancer Initiative, JLABS TMCi, Capital Factory, Duke Institute of Global Health, and Johnson & Johnson’s Center for Device Innovation.

The amount granted by the Bill & Melinda Gates Foundation was not disclosed. The Seattle-based foundation is led by CEO Mark Suzman and co-chaired by Bill Gates and Melinda French Gatess.

Trending News