Median Earnings (1yr)
$45,499
49th percentile
40th percentile in Virginia
Median Debt
$27,000
4% above national median

Analysis

Shenandoah's business program sits squarely in the middle of the packβ€”hitting almost exactly the national median for first-year earnings while landing in the 40th percentile among Virginia schools. That Virginia ranking matters: with 43 business programs in-state, students are paying Shenandoah's tuition while earning roughly $6,000 less annually than graduates from JMU or Virginia Tech, and significantly less than peers from the state's top programs. The $27,000 debt load is reasonable and matches the state median, but the modest starting salary means new graduates will need to manage that burden carefully in their first few years.

The positive spin here is steady, if unspectacular, growthβ€”earnings rise 14% to nearly $52,000 by year four, and the debt-to-earnings ratio of 0.59 is manageable. However, even after four years, graduates are earning less than $53,000, which isn't terrible but doesn't provide much financial cushion. For a family considering in-state options, this program delivers predictable outcomes without standout performance, while out-of-state families should carefully compare costs since the earnings don't justify a premium price tag over state university alternatives back home.

Where Shenandoah University Stands

Earnings vs. debt across all business administration, management and operations bachelors's programs nationally

Earnings Distribution

How Shenandoah University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Shenandoah University$45,499$51,981+14%
Washington and Lee University$76,627$98,403+28%
William & Mary$75,038$85,678+14%
University of Richmond$68,151$79,209+16%
James Madison University$65,931$68,297+4%

Compare to Similar Programs in Virginia

Business Administration, Management and Operations bachelors's programs at peer institutions in Virginia (43 total in state)

Scroll to see more β†’

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Shenandoah UniversityWinchester$36,028$45,499$51,981$27,0000.59
Washington and Lee UniversityLexington$64,525$76,627$98,403β€”β€”
William & MaryWilliamsburg$25,040$75,038$85,678$19,8120.26
University of RichmondUniversity of Richmond$62,600$68,151$79,209$20,5000.30
James Madison UniversityHarrisonburg$13,576$65,931$68,297$19,7500.30
Virginia Polytechnic Institute and State UniversityBlacksburg$15,478$60,678$60,297$22,5350.37
National Medianβ€”$45,703β€”$26,0000.57

Career Paths

Occupations commonly associated with business administration, management and operations graduates

Computer and Information Systems Managers

Plan, direct, or coordinate activities in such fields as electronic data processing, information systems, systems analysis, and computer programming.

$171,200/yrJobs growth:Bachelor's degree

Architectural and Engineering Managers

Plan, direct, or coordinate activities in such fields as architecture and engineering or research and development in these fields.

$167,740/yrJobs growth:Bachelor's degree

Biofuels/Biodiesel Technology and Product Development Managers

Define, plan, or execute biofuels/biodiesel research programs that evaluate alternative feedstock and process technologies with near-term commercial potential.

$167,740/yrJobs growth:Bachelor's degree

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

$161,700/yrJobs growth:Bachelor's degree

Treasurers and Controllers

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

$161,700/yrJobs growth:Bachelor's degree

Investment Fund Managers

Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$161,700/yrJobs growth:Bachelor's degree

Natural Sciences Managers

Plan, direct, or coordinate activities in such fields as life sciences, physical sciences, mathematics, statistics, and research and development in these fields.

$161,180/yrJobs growth:Bachelor's degree

Clinical Research Coordinators

Plan, direct, or coordinate clinical research projects. Direct the activities of workers engaged in clinical research projects to ensure compliance with protocols and overall clinical objectives. May evaluate and analyze clinical data.

$161,180/yrJobs growth:Bachelor's degree

Water Resource Specialists

Design or implement programs and strategies related to water resource issues such as supply, quality, and regulatory compliance issues.

$161,180/yrJobs growth:Bachelor's degree

Compensation and Benefits Managers

Plan, direct, or coordinate compensation and benefits activities of an organization.

$140,360/yrJobs growth:Bachelor's degree

Human Resources Managers

Plan, direct, or coordinate human resources activities and staff of an organization.

$140,030/yrJobs growth:Bachelor's degree

Sales Managers

Plan, direct, or coordinate the actual distribution or movement of a product or service to the customer. Coordinate sales distribution by establishing sales territories, quotas, and goals and establish training programs for sales representatives. Analyze sales statistics gathered by staff to determine sales potential and inventory requirements and monitor the preferences of customers.

$138,060/yrJobs growth:Bachelor's degree
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 Shenandoah University, approximately 19% 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 38 graduates with reported earnings and 56 graduates with debt data. Small samples may not be representative.