by our College Data Analytics TeamWe've pulled together some essential information you should know about the program, including how many students graduate each year, the ethnic diversity of these students, average starting salaries, and more. We've also included details on how Texas Tech ranks compared to other colleges offering a major in economics.
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The bachelor's program at Texas Tech was ranked #169 on College Factual's Best Schools for economics list. It is also ranked #8 in Texas.
| Ranking Type | Rank |
|---|---|
| Best Economics Schools | 169 |
| Best Economics Bachelor’s Degree Schools | 169 |
During the 2021-2022 academic year, Texas Tech University handed out 62 bachelor's degrees in economics. This is a decrease of 36% over the previous year when 97 degrees were handed out.
In 2022, 3 students received their master’s degree in economics from Texas Tech. This makes it the #183 most popular school for economics master’s degree candidates in the country.
In addition, 5 students received their doctoral degrees in economics in 2022, making the school the #76 most popular school in the United States for this category of students.
The median salary of economics students who receive their bachelor's degree at Texas Tech is $44,292. Unfortunately, this is lower than the national average of $51,722 for all economics students.
While getting their bachelor's degree at Texas Tech, economics students borrow a median amount of $40,377 in student loans. This is higher than the the typical median of $39,273 for all economics majors across the country.
The typical student loan payment of a bachelor's degree student from the economics program at Texas Tech is $421 per month.
In 2022-2023, the average part-time undergraduate tuition at Texas Tech was $718 per credit hour for out-of-state students. The average for in-state students was $298 per credit hour. The following table shows the average full-time tuition and fees for undergraduates.
| In State | Out of State | |
|---|---|---|
| Tuition | $8,935 | $21,534 |
| Fees | $2,917 | $2,917 |
| Books and Supplies | $1,200 | $1,200 |
| On Campus Room and Board | $10,460 | $10,460 |
| On Campus Other Expenses | $4,510 | $4,510 |
Learn more about Texas Tech tuition and fees.
During the 2021-2022 academic year, 62 economics majors earned their bachelor's degree from Texas Tech. Of these graduates, 77% were men and 23% were women.
The majority of bachelor's degree recipients in this major at Texas Tech are white. In the most recent graduating class for which data is available, 56% of students fell into this category.
The following table and chart show the ethnic background for students who recently graduated from Texas Tech University with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 2 |
| Black or African American | 4 |
| Hispanic or Latino | 15 |
| White | 35 |
| Non-Resident Aliens | 5 |
| Other Races | 1 |
Texas Tech does not offer an online option for its economics bachelor’s degree program at this time. To see if the school offers distance learning options in other areas, visit the Texas Tech Online Learning page.
All of the 3 students who graduated with a Master’s in economics from Texas Tech in 2022 were men.
The following table and chart show the ethnic background for students who recently graduated from Texas Tech University with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| White | 1 |
| Non-Resident Aliens | 1 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at Texas Tech University.
| Related Major | Annual Graduates |
|---|---|
| Political Science & Government | 139 |
| Sociology | 98 |
| Anthropology | 24 |
| Geography & Cartography | 19 |
| International Relations & National Security | 1 |
More about our data sources and methodologies.