A postsecondary credential is associated with higher levels of earnings, not just in the short term, but over a lifetime. Georgetown University's Center on Education and the Workforce found that college graduates earn more than one million dollars more in lifetime wages, compared to high school graduates. However, many factors influence income--including choice of major, occupation and/or industry of employment, location, gender, and race. While some disparity in wages on the basis of gender and race can be explained by differences in educational attainment, the evidence suggests that notable gaps remain, even when education level is taken into account. Using data from the University of Texas (UT) System's Office of Institutional Research and Analysis (OIRA) this paper explores differences in earnings across gender and race/ethnicity. Key findings from this analysis include: (1) Median earnings gaps exist for UT System graduates by gender and race/ethnicity; (2) Gender and racial/ethnic differences in earnings outcomes vary by field of study and industry; and (3) Differences in intergenerational income mobility exist by gender and race/ethnicity.