Median Earnings (1yr)
$45,499
49th percentile (40th in VA)
Median Debt
$27,000
4% above national median
Debt-to-Earnings
0.59
Manageable
Sample Size
38
Adequate data

Analysis

Shenandoah's business program sits squarely in the middle of the pack—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, growth—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

Shenandoah UniversityOther business administration, management and operations programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Shenandoah University graduates compare to all programs nationally

Shenandoah University graduates earn $45k, placing them in the 49th percentile of all business administration, management and operations bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Virginia

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

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Shenandoah University$45,499$51,981$27,0000.59
Washington and Lee University$76,627$98,403
William & Mary$75,038$85,678$19,8120.26
University of Richmond$68,151$79,209$20,5000.30
James Madison University$65,931$68,297$19,7500.30
Virginia Polytechnic Institute and State University$60,678$60,297$22,5350.37
National Median$45,703$26,0000.57

Other Business Administration, Management and Operations Programs in Virginia

Compare tuition, earnings, and debt across Virginia schools

SchoolIn-State TuitionEarnings (1yr)Debt
Washington and Lee University
Lexington
$64,525$76,627
William & Mary
Williamsburg
$25,040$75,038$19,812
University of Richmond
University of Richmond
$62,600$68,151$20,500
James Madison University
Harrisonburg
$13,576$65,931$19,750
Virginia Polytechnic Institute and State University
Blacksburg
$15,478$60,678$22,535

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.