Analysis
Rhodes College graduates enter the business world earning $58,550—putting them ahead of 94% of business programs nationally and 80% in Tennessee. That's $15,600 more than the typical Tennessee business graduate and nearly $13,000 above the national median. With just $22,240 in debt (below both state and national averages), graduates carry one of the lighter debt loads among Tennessee's top-performing programs. The debt-to-earnings ratio of 0.38 means students can pay off their loans in well under a year if they're aggressive about it.
The trajectory looks equally solid. Four years out, median earnings climb to $72,782—a healthy 24% increase that suggests these graduates are advancing into management roles rather than stagnating. Rhodes trails only UT-Knoxville among Tennessee business programs, matching or beating schools like Tennessee Wesleyan and Union University. This performance is particularly notable given Rhodes' liberal arts focus, which sometimes disadvantages business students compared to programs at universities with stronger corporate recruiting pipelines.
The real story here is value: Rhodes delivers elite business outcomes (top 6% nationally) with below-average debt. For families willing to invest in a selective liberal arts education—the school's 1385 average SAT suggests strong peer networks—this program punches well above its modest 15% Pell Grant rate would suggest. You're essentially getting Tennessee's second-best business program outcomes at a manageable debt level.
Where Rhodes College Stands
Earnings vs. debt across all business administration, management and operations bachelors's programs nationally
Earnings Distribution
How Rhodes College graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Rhodes College | $58,550 | $72,782 | +24% |
| The University of Tennessee-Knoxville | $59,147 | $68,864 | +16% |
| Tennessee State University | $40,077 | $53,542 | +34% |
| Lee University | $40,193 | $53,318 | +33% |
| University of Memphis | $47,611 | $52,880 | +11% |
Compare to Similar Programs in Tennessee
Business Administration, Management and Operations bachelors's programs at peer institutions in Tennessee (38 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $54,892 | $58,550 | $72,782 | $22,240 | 0.38 | |
| $13,484 | $59,147 | $68,864 | $20,500 | 0.35 | |
| $29,264 | $58,859 | $51,442 | $29,750 | 0.51 | |
| $38,450 | $58,201 | $36,947 | $33,333 | 0.57 | |
| $18,900 | $52,528 | — | $27,000 | 0.51 | |
| $38,824 | $51,379 | — | $27,250 | 0.53 | |
| National Median | — | $45,703 | — | $26,000 | 0.57 |
Career Paths
Occupations commonly associated with business administration, management and operations graduates
Computer and Information Systems Managers
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Compensation and Benefits Managers
Human Resources Managers
Sales Managers
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Rhodes College, approximately 15% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 53 graduates with reported earnings and 73 graduates with debt data. Small samples may not be representative.