This Houston university pays best for new graduates, says new report

HOUSTON, Texas -- 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 the 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).

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