What is the starting salary for Petroleum Engineering graduates in Austin?

The estimated starting salary for Petroleum Engineering graduates in Austin, TX is $53,500 per year, adjusted for the local cost of living index of 107. The national average starting salary for this major is $50,000. Salaries in Austin are 7% higher than the national average due to cost of living differences.

Is a Petroleum Engineering degree worth it in Austin?

A Petroleum Engineering degree in Austin has an estimated ROI payback period of 6 years, with a projected lifetime return of $1,294,956 after subtracting education costs. With 30 colleges in the area and average public tuition of $11,448/year, Austin offers affordable options for this degree. The local unemployment rate of 5.8% and the major's national unemployment rate of 4.5% should also factor into your decision.

How much does it cost to study Petroleum Engineering in Austin?

The average annual public university tuition in Austin is $11,448, while private universities average $31,126/year. Including room and board ($12,563/year), total 4-year costs range from $96,044 at a public school to $174,756 at a private institution. Average financial aid per student in Austin is $11,991/year.

What jobs can Petroleum Engineering graduates get in Austin?

Petroleum Engineering graduates in Austin can pursue careers as Petroleum Engineer, Reservoir Engineer, Drilling Engineer. Key skills valued by local employers include Reservoir Engineering, Drilling, Production Optimization, Geomechanics. The Austin job market features Engineering firms, Manufacturing, Defense contractors among the top hiring sectors for this field. National top employers include ExxonMobil, Chevron, Shell.

How long to pay off student loans for Petroleum Engineering in Austin?

With a standard 10-year repayment plan at 6.5% interest, Petroleum Engineering graduates in Austin would pay $1,091/month on an estimated $96,044 in loans, with $34,823 in total interest. An aggressive 5-year plan would require $1,879/month but save $18,115 in interest. With a COL-adjusted starting salary of $53,500, monthly payments would represent 24% of gross monthly income.

Petroleum Engineering Degree in Austin, TX — Salary & ROI 2026

Petroleum Engineering degree analysis for Austin, TX. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.

Starting Salary

$54K

COL-adjusted

Mid-Career

$150K

COL-adjusted

ROI Payback

6 yrs

in Austin

Cost of Living

107

index (100 = avg)

Petroleum Engineering in Austin, TX Overview

Austin is one of Texas's top college towns, with 30 institutions and a student population of 206,177. Public tuition averages $11,448/year here — well below the national average, making it a cost-effective choice. Although national enrollment in Petroleum Engineering has been declining, graduates with skills in Reservoir Engineering and Drilling remain competitive in the job market. The adjusted starting salary in Austin is approximately $53,500, growing to $149,800 by mid-career.

Petroleum Engineering Salary in Austin (COL-Adjusted)

Salaries adjusted for Austin's cost of living index of 107 (national average = 100).

Entry Level (0-2 yrs)

$53,500(+$3,500 vs national)

Mid Career (5-9 yrs)

$149,800(+$9,800 vs national)

Senior Level (15+ yrs)

$187,250(+$12,250 vs national)

Note: National average Petroleum Engineering salary: $50,000 starting, $140,000 mid-career, $175,000 senior level.Austin adjustment factor: 1.07x based on the local cost of living index.

Petroleum Engineering ROI Calculator for Austin

Estimate your return on investment for a Petroleum Engineering degree using local Austin tuition and cost of living data.

Annual Tuition ($)

Public avg: $11,448 | Private avg: $31,126

Years of Study

Annual Financial Aid ($)

Austin avg aid: $11,991/yr

Student Loan Rate (%)

Federal avg: 6.5% | Private: 4-14%

Total Education Cost

$96,044

tuition + room & board - aid

Annual Earnings Premium

$16,050

vs HS diploma in Austin

ROI Payback Period

6 years

to break even

Lifetime Return in Austin

$1,294,956

Lifetime earnings premium ($1,391,000) minus total education cost ($96,044)

Student Loan Payoff for Petroleum Engineering in Austin

Standard Plan (10 years)

Loan Amount$96,044

Monthly Payment$1,091

Total Interest$34,823

% of Monthly Income24%

Aggressive Plan (5 years)

Loan Amount$96,044

Monthly Payment$1,879

Total Interest$16,709

Interest Savings$18,115

Colleges in Austin for Petroleum Engineering

University of Texas at Austin

public

$11,448/yr

$45,792 total

St. Edward's University

private

$46,872/yr

$187,488 total

Huston-Tillotson University

private

$15,380/yr

$61,520 total

Community Colleges (2-Year Transfer)

Austin Community College

$2,640/yr

Top Employers for Petroleum Engineering in Austin

Austin offers opportunities in Engineering firms, Manufacturing, Defense contractors for Petroleum Engineering graduates. National top employers in this field include:

ExxonMobilChevronShellSchlumbergerHalliburton

Key Austin Hiring Sectors for Engineering

Engineering firms

Manufacturing

Defense contractors

Energy companies

Construction firms

Common Petroleum Engineering Job Titles

Petroleum EngineerReservoir EngineerDrilling Engineer

Petroleum Engineering in Nearby Texas Cities

Houston, TX

$58K starting · COL 115

90 colleges

San Antonio, TX

$60K starting · COL 120

58 colleges

Dallas, TX

$52K starting · COL 104

82 colleges

Fort Worth, TX

$51K starting · COL 101

19 colleges

El Paso, TX

$47K starting · COL 93

38 colleges

Arlington, TX

$47K starting · COL 93.5

14 colleges

Corpus Christi, TX

$41K starting · COL 82

22 colleges

Plano, TX

$43K starting · COL 85

9 colleges

Other Engineering Majors in Austin

Computer Engineering

$54K starting · 3 yr ROI

Chemical Engineering

$88K starting · 3.2 yr ROI

Nuclear Engineering

$54K starting · 3.3 yr ROI

Electrical Engineering

$86K starting · 3.3 yr ROI

Aerospace Engineering

$86K starting · 3.5 yr ROI

Mechanical Engineering

$83K starting · 3.5 yr ROI

Mining Engineering

$54K starting · 3 yr ROI

Architectural Engineering

$83K starting · 2.5 yr ROI

Methodology & Education Data Sources

How we calculate Petroleum Engineering degree outcomes in Austin, TX: Our salary projections, ROI estimates, and tuition data combine multiple federal datasets to provide a localized view of education economics. We use a 10-year career-trajectory model standard in higher education research.

Tuition data sourced from IPEDS (Integrated Postsecondary Education Data System), the federal education statistics database operated by NCES. Average tuition for Petroleum Engineering programs reflects 4-year public/private weighted averages for Texas.
Career salary projections based on BLS Occupational Employment and Wage Statistics, with cost-of-living adjustments for Austin using regional CPI data.
10-year ROI calculates: (Total Career Earnings With Degree) − (Total Career Earnings Without Degree) − (Total Education Cost Including Interest on Loans).
Job market outlook for Petroleum Engineering graduates uses BLS Occupational Outlook Handbook 10-year projections (2024-2034 base period).
Default rates and loan data sourced from College Scorecard (US Department of Education), which tracks repayment outcomes by institution.

Authoritative US education data sources:

IPEDS — Integrated Postsecondary Education Data — official federal college data
College Scorecard (US Dept of Education) — earnings, debt, completion rates
BLS Occupational Outlook Handbook — Petroleum Engineering career projections
Federal Student Aid (FAFSA) — official US student loan and grant info
NCES Digest of Education Statistics — comprehensive education data
BLS Occupational Employment and Wages — entry-level salary data for Petroleum Engineering grads

Education Disclaimer: Salary and ROI estimates are projections based on national and state-level averages. Individual outcomes depend on institution prestige, GPA, internships, location, network, and economic conditions. Always verify current tuition with the institution directly, and consult a financial aid counselor before taking on student loans. Use the Federal Loan Simulator to model repayment scenarios.

Reviewed by Brazora Monk · Last updated 2026 · IPEDS & BLS data current as of latest annual release

Financial Aid Resources for Austin Students

Beyond federal aid (FAFSA), Texas students have access to state-specific grants, scholarships, and tuition assistance programs. The 2026-27 FAFSA also added a new Low Earnings Indicator (Dec 2025) flagging programs where graduates earn less than non-college peers — check your target school's status:

📋 Federal Aid (FAFSA)

Pell Grant up to $7,395/yr (2026-27). Subsidized loans at 6.53% (academic year 25-26):

🏛️ State Grants (Texas)

State-specific grants stack with federal aid:

• USA.gov — Texas programs
• NASFAA — State Aid Programs
• Search "texas higher education commission grants"

🎓 College Outcomes Data

Verify earnings + debt before enrolling:

• College Scorecard — earnings, debt, completion
• NCES College Navigator
• IPEDS Net Price Calculator Center

💰 Scholarship Search

Free, official, scam-free scholarship databases:

2026-27 FAFSA tip: The new Low Earnings Indicator flags programs where graduates earn less than non-graduates. Check this before enrolling. Speak with a NASFAA-credentialed financial aid counselor at your target school.

Petroleum Engineering Degree in Austin — FAQ

Data Sources: Salary data from BLS Occupational Outlook Handbook. Cost of living from BLS Regional Data. College data from NCES/IPEDS. Updated March 2026.

Explore More

Compare Petroleum Engineering ROI in other cities, or explore other majors in Austin.

Petroleum Engineering Overview Colleges in Austin All Majors