Analysis
Shenandoah's business program sits squarely in the middle of the packβhitting 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, growthβearnings 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
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| 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)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $36,028 | $45,499 | $51,981 | $27,000 | 0.59 | |
| $64,525 | $76,627 | $98,403 | β | β | |
| $25,040 | $75,038 | $85,678 | $19,812 | 0.26 | |
| $62,600 | $68,151 | $79,209 | $20,500 | 0.30 | |
| $13,576 | $65,931 | $68,297 | $19,750 | 0.30 | |
| $15,478 | $60,678 | $60,297 | $22,535 | 0.37 | |
| National Median | β | $45,703 | β | $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 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.