Best Business Schools in Texas

In May 2023, Texas had a substantial workforce of approximately 839,000 individuals employed in various Business and Financial operations occupations. These occupations encompass various roles, including financial analysts, accountants, auditors, loan officers, budget analysts, and many others.

The average mean wage earned by these professionals in Texas was $84,000. This figure indicates that the Business and Financial operations sector in the state offers competitive compensation to its employees. It also highlights the importance of these occupations in the overall economy of Texas.

Cost of Studying Business in Texas

The cost of obtaining an MBA degree in Texas ranges from $11,000 to $74,000 for residents and $18,000 to $74,000 for non-residents.

10 Best Business Schools in Texas

Institution	Location	In-state Tuition Fees	Out-of-state Tuition Fees
University of Texas	Austin	$53,000 annually	$59,000 annually
Texas A & M University	Bryan	$43,000 annually	$64,000 annually
Rice University	Houston	$74,000 annually	$74,000 annually
University of Texas	Arlington	$11,000 annually	$24,000 annually
University of Texas	Dallas	$36,000 annually	$66,000 annually
Texas Tech University	Lubbock	$9,500 annually	$18,000 annually
University of Houston	Houston	$46,000 (total)	$71,000 (total)
Southern Methodist University	University Park	$51,000 annually	$51,000 annually
University of North Texas	Denton	$8,500 per semester	$8,500 per semester
University of Texas	El Paso	$7,700 (21 credit hours)	19,000 (21 credit hours)

NOTE: The fees shown in the table above are for MBA programs.

University of Texas at Austin

The University of Texas at Austin, a public university, consists of 19 schools and colleges. The student-to-faculty ratio is 18:1, with an average class size of 20 students which allows students for a more interactive and engaging learning environment, fostering meaningful discussions and collaborations among peers. The university boasts an average freshman retention rate of 93.5%. The McCombs School of Business offers a range of MBA programs, including evening, executive, and full-time options, catering to the diverse needs and schedules of aspiring business professionals.

Texas A & M University

Texas A&M University, a public institution, has an acceptance rate of 63%. Admitted students typically have SAT scores ranging from 1150 to 1390 and ACT scores ranging from 23 to 31. The university offers an average of $20,000 in need-based financial aid to its students. Whether students are looking to pursue a PhD in Business Administration, earn a full-time MBA degree, advance their careers through an executive MBA program, or balance their professional and academic commitments with a professional MBA program, Texas A&M University offers a wealth of opportunities for students to achieve their academic and professional aspirations in the field of business.

Rice University

Rice University, a prestigious private research university, has an acceptance rate of 9% and an outstanding undergraduate retention rate of 97.6%. Accepted undergraduate students typically achieve SAT scores ranging from 1490 to 1570 and ACT scores between 34 and 36. The university prides itself on its small student-to-faculty ratio of 6:1, ensuring personalized attention with an average class size of 20 students. On average, students receive approximately $60,000 in need-based financial aid. Rice University offers a wide range of degree programs, including full-time, professional, hybrid, executive, dual, coordinated, and MBA degrees.

University of Texas at Arlington

The University of Texas at Arlington is a public institution that serves a predominantly Hispanic student population. It is comprised of 9 schools and colleges. The university has an acceptance rate of 81% and a student-to-faculty ratio of 24:1. On average, applicants to the university scored between 1000-1240 on the SAT and 18-26 on the ACT. The average need-based financial aid awarded to students is approximately $12,000. The College of Business at the University offers various MBA programs including Professional Cohort MBA, Online MBA, Flexible MBA, and Executive MBA.

University of Texas at Dallas

The University of Texas at Dallas is known for its strong academic programs and research opportunities. The university offers a wide range of undergraduate and graduate programs through its 7 schools, including the Naveen Jindal School of Management, which offers various MBA programs. The university's graduation rates are above the national average, with 63% of students graduating within 4 years and 75% within 6 years. The student-to-faculty ratio of 27:1 allows for personalized attention and support from professors, despite the average class size of 50 students. UT Dallas offers synchronous and asynchronous full-time MBA, GLEMBA, PMBA Evening Cohort, PMBA Flex, and PMBA Online programs.

Texas Tech University

Texas Tech University, a public institution designated as a Hispanic-serving university, boasts an acceptance rate of 67%. The student-to-faculty ratio stands at 21:1. Merit-based scholarships for MBA students vary from $6,000 to $12,000 in total. Prospective MBA candidates must hold a minimum GPA of 3.0 to qualify for the program. The Rawls College of Business at Texas Tech University provides a wide array of joint degree options, including JD/MBA, MD/MBA, Pharm. D/MBA, Full-time MBA, Online MBA, Professional MBA, and STEM MBA programs. Additionally, students can pursue combined degrees such as Master of Science in Personal Financial Planning / MBA, Ph.D. Biomedical Sciences / MBA, Master of Architecture / MBA, and Master of Science in Sport Management / MBA.

University of Houston

The C. T. Bauer College of Business at the University of Houston offers various MBA programs, including Full-Time MBA, Professional MBA, Executive MBA, and Online MBA. The university has a retention rate of 87% and its MBA graduates earn an average salary of $89,000. The average GRE score for MBA students is 151, while the average GMAT score is 615. Additionally, the average undergraduate GPA for MBA students is 3.15. In terms of public business schools, the university's full-time MBA program ranks 28th in the country.

Southern Methodist University

Southern Methodist University is a privately owned institution that boasts a student-to-faculty ratio of 11:1. Graduates of the MBA program enjoy a median salary of $128,000, reflecting the program's success in preparing students for lucrative careers. Furthermore, the average GPA of MBA students stands at an impressive 3.41, while the average GRE score is 315. Additionally, the average GMAT score for admitted MBA students is 694. The Cox School of Business at Southern Methodist University offers a diverse range of programs, including the Master of Business Administration (MBA) full-time, Fast Track (MBA) full-time, Professional (part-time) full-time, Executive (MBA) full-time, J.D./MBA, Master of Science in Arts Management/MBA, and Master of Science in Engineering/MBA.

University of North Texas

The University of North Texas offers 106 programs and is ranked among the top 100 universities in the country. The student-to-faculty ratio is 24:1, with an average graduate class size of 13 students. To be eligible for admission to the University of North Texas, prospective students must meet certain criteria, including a minimum GPA of 3.0 or 3.5, depending on the program (STEM or non-STEM), and an average GMAT score of 530. The G. Brint Ryan College of Business offers full-time MBA, cohort MBA, MBA in Business Management Cohort, MBA in Sports Entertainment Management, as well as part-time and online MBA programs.

University of Texas at El Paso

The University of Texas at El Paso, a public institution, has a 100% acceptance rate. The graduation rate within 4 years is 18%, and the student-to-faculty ratio is 19:1. GMAT or GRE scores are not required for admission. The average need-based financial aid offered is around $10,000. SAT scores typically range from 870-1090, while ACT scores fall between 16-22. The AACSB-accredited Woody L. Hunt College of Business offers various MBA programs, such as Online MBA, Professional MBA, Executive MBA, and hybrid courses, all designed to accommodate students with evening and weekend scheduling flexibility.