Graduates of Rice go into the oil and gas exploration industry, the education industry, and the engineering services industry, not to mention a variety of other lines of work. The most popular field is the architectural services industry. Pulling in paychecks on the larger end are Rice grads, which is not shocking considering the high SAT scores and solid graduation rate reported by this demographic. Starting salaries of about $80K are the median among Rice grads.
After graduation, women go on to earn an average of $71K per year compared to men, who earn $88K.
The most generous salaries among Rice alumni are reportedly earned by Software Engineers, whose median earnings come to approximately $85K, followed by Mechanical Engineers ($82K) and Management Consultants ($75K). Collecting the smallest paychecks are Architectural Designers — they bring in around $54K.
Houston is a popular place for Rice students to settle after graduation, and more than a third of grads find steadfast employment in the city. It is also not uncommon to find former Rice students living and working in San Francisco, Calif. — this top-paying city is a popular destination with a median salary of approximately $108K. On the other hand, Rice alumni who end up in Dallas, Texas receive the lowest median salary of $76K. Other popular cities for Rice alumni include nearby Austin, Texas and New York, N.Y.
A Bachelor of Science in Electrical Engineering (EE) leads to the highest pay for Rice grads ($128K on average per year). Graduates holding a Bachelor of Architecture (BArch) fare the worst in terms of compensation with an average yearly salary of around $56K.
Former Owls with Product Development abilities can expect to make 10 percent more than their former classmates (about $88K). Project Management is a popular skill among Rice alumni, with nearly one in six grads reporting using it on the job. Data Analysis, Microsoft Excel, and Engineering Design are among other dominant skills.
Benefits and Perks
Just one in three grads enjoy paid vacation and merely one in five survey participants get paid sick time. In an effort to save up for the years ahead, a large number of grads contribute to a 401(k). Health coverage is awarded to a large number of graduates, and dental insurance is issued to a strong majority of survey participants as well. Other benefits awarded to Rice University alumni include a casual working environment, life insurance, a company-subsidized cell phone, and free drinks.
Compensation averages $80K for University of Southern California alumni, making their earnings most comparable to Rice grads. Tulane University of Louisiana, Emory University, and Vanderbilt University are also similar to Rice.