Est. Earnings (1yr)
$53,219
Est. from national median (81 programs)
Est. Median Debt
$24,000
Est. from national median (18 programs)

Analysis

A first-year salary projection of $53,000 against estimated debt of $24,000 suggests a manageable starting point for business economics graduates, with borrowers facing annual payments equivalent to roughly a quarter of pre-tax income under standard repayment. This debt-to-earnings ratio of 0.45 falls within conventional lending wisdom, though both figures come from peer programs nationally rather than Shenandoah's actual graduate outcomes.

The challenge is context: Virginia's business economics programs show considerable variation, with the state median hovering around $49,000—meaning this national benchmark might overstate what Virginia graduates typically earn. Among programs with reported data, outcomes range from $45,000 at VCU to $52,000 at Hampden-Sydney, suggesting substantial differences based on institutional factors and local networks. Where Shenandoah's graduates land within that spectrum remains unknown.

For parents evaluating this program, the key question is whether Shenandoah positions students for the higher end of that Virginia range or closer to the median. The moderate debt load provides cushion if earnings disappoint, but with ten competing programs in-state—some with transparent outcomes—it's worth directly asking the university about employment rates, typical employers, and where recent graduates actually landed. The estimates suggest reasonable value if the reality matches up.

Where Shenandoah University Stands

Earnings vs. debt across all business/managerial economics bachelors's programs nationally

Compare to Similar Programs in Virginia

Business/Managerial Economics bachelors's programs at peer institutions in Virginia (10 total in state)

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Shenandoah UniversityWinchester$36,028$53,219*$24,000*
Hampden-Sydney CollegeHampden-Sydney$52,388$52,087*$70,876$26,970*0.52
Virginia Commonwealth UniversityRichmond$16,458$45,370*$69,474$21,500*0.47
National Median$53,219*$22,250*0.42
* Estimated from similar programs

Career Paths

Occupations commonly associated with business/managerial economics graduates

Economists

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

$115,440/yrJobs growth:Master's degree

Environmental Economists

Conduct economic analysis related to environmental protection and use of the natural environment, such as water, air, land, and renewable energy resources. Evaluate and quantify benefits, costs, incentives, and impacts of alternative options using economic principles and statistical techniques.

$115,440/yrJobs growth:Master's degree

Financial Risk Specialists

Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.

$101,910/yrJobs growth:Bachelor's degree

Management Analysts

Conduct organizational studies and evaluations, design systems and procedures, conduct work simplification and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants.

$101,190/yrJobs growth:Bachelor's degree

Economics Teachers, Postsecondary

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Survey Researchers

Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams.

$63,380/yrJobs growth:Master'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.

Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the national median of 81 similar programs. Actual outcomes may vary.