Median Earnings (1yr)
$23,112
19th percentile (60th in TN)
Median Debt
$20,081
13% below national median
Debt-to-Earnings
0.87
Manageable
Sample Size
22
Limited data

Analysis

University of Memphis's anthropology program serves as a cautionary example of the disconnect between academic interests and economic outcomes. That $23,112 first-year salary—roughly equivalent to minimum wage full-time work—sits in the bottom fifth nationally for anthropology programs. While the program performs at the 60th percentile within Tennessee, that's context-poor comfort: you're comparing against a field where earning $24,000 makes you a top performer in the state.

The debt picture compounds the problem. At just under $20,100, graduates carry typical debt loads but lack the earnings to service them comfortably. A debt-to-earnings ratio of 0.87 means nearly a full year's salary would go to paying off loans. The 49% earnings growth to $34,339 by year four helps, but you're still looking at mid-30s earnings four years into a career. For families stretching to afford college—and 40% of students here receive Pell grants—this is a particularly difficult proposition.

The sample size caveat matters here: with fewer than 30 graduates tracked, a few outliers could skew these numbers either direction. But even accounting for statistical noise, the fundamental challenge remains: anthropology degrees rarely lead directly to high-paying work, and this program doesn't appear to be an exception. Unless your child has a clear graduate school plan or career pathway that specifically requires this degree, the economics argue for exploring other majors or considering whether this investment makes sense at all.

Where University of Memphis Stands

Earnings vs. debt across all anthropology bachelors's programs nationally

University of MemphisOther anthropology 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 University of Memphis graduates compare to all programs nationally

University of Memphis graduates earn $23k, placing them in the 19th percentile of all anthropology 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 Tennessee

Anthropology bachelors's programs at peer institutions in Tennessee (8 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
University of Memphis$23,112$34,339$20,0810.87
The University of Tennessee-Knoxville$24,772$39,053$27,0001.09
Middle Tennessee State University$21,878$33,147$20,7930.95
National Median$27,806—$23,0000.83

Other Anthropology Programs in Tennessee

Compare tuition, earnings, and debt across Tennessee schools

SchoolIn-State TuitionEarnings (1yr)Debt
The University of Tennessee-Knoxville
Knoxville
$13,484$24,772$27,000
Middle Tennessee State University
Murfreesboro
$9,506$21,878$20,793

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 University of Memphis, approximately 40% 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 22 graduates with reported earnings and 27 graduates with debt data. Small samples may not be representative.