The Best Value Petroleum Engineering Schools

Which Petroleum Engineering Schools Are Best Value for Money?

The table on our front page uses our custom calculation to determine the best Petroleum Engineering school, but net price is only one of many ranking factors we consider. Saving us the trouble of doing a second set of calculations, Forbes magazine collaborate with Center for College Affordability and Productivity to rank every college in the USA according to the best value for money.

Their rankings are based on tuition costs, school quality, graduation success, and post-graduate earnings. An explanation of their methodology appears below the table.

11 of the top 300 offer Petroleum Engineering degrees.

The 11 Best Value Petroleum Engineering Universities and Colleges

The number in brackets indicates the college’s national ranking (across all subjects, not just Petroleum Engineering).

PE Rank (All)Admissions InfoSchool NameS:F RatioRet. RateGrad RateP.E. Degrees AwardedNet Price
1 (12)
ADMISSIONS INFO
Stanford University Petroleum Engineering1098%94%13$19,245
2 (17)
ADMISSIONS INFO
University of Texas at Austin1794%80%200$17,366
3 (18)
ADMISSIONS INFO
Texas A&M University2090%79%293$13,723
4 (45)
ADMISSIONS INFO
Colorado School of Mines1694%77%209$24,297
5 (69)
ADMISSIONS INFO
University of Southern California (USC)997%92%90$31,384
6 (95)
ADMISSIONS INFO
Pennsylvania State University1793%86%185$24,992
7 (158)
ADMISSIONS INFO
University of Tulsa1188%68%96$25,355
8 (160)
ADMISSIONS INFO
University of Pittsburgh1493%82%12$24,311
9 (249)
ADMISSIONS INFO
Louisiana State University2285%67%165$13,552
10 (269)
ADMISSIONS INFO
Missouri University of Science and Technology1886%65%93$13,910
11 (289)
ADMISSIONS INFO
Marietta College1074%66%72$23,539

Methodology

Data was collected from various sources. Here are the categories and how much they contribute to the score:

Category Contribution
Quality 35
Drop-out risk 15
Graduation time 15
Alumni salaries 25
Alumni skills 10

The final score is then divided by gross tuition and fees.

Quality

Based on a ranking of top colleges.

Drop-out risk

How many students fail to graduate within 6 years? Based on a Department of Education dataset.

Time to Graduation

Great schools have lower average time to graduation.

 

Post-grad Earnings

Using big data and federal income tax returns, estimates of mid-career earnings can be made.

 

Skills (Added Value)

This is an effort to show how much better a student is based on which school he went to. In short, how much value did the college add compared to what should be expected statistically.

Gross Tuition and Fees

The best estimate of total costs, without accounting for room and board.

Bottom Line

The bottom line is that although Stanford is expensive, going there will make you better off financially through the course of your career.

Having said that, the Petroleum Engineering department there is quite small – almost the smallest in the whole list.

In contrast, the next three contenders (Texas, Texas A&M, Colorado) have huge programs, with 200+ degrees awarded in 2014/2015.