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
Earnings Distribution
How University of Memphis 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 |
|---|---|---|---|
| University of Memphis | $23,112 | $34,339 | +49% |
| Duke University | $43,924 | $65,916 | +50% |
| Brandeis University | $35,390 | $54,960 | +55% |
| The University of Tennessee-Knoxville | $24,772 | $39,053 | +58% |
| Middle Tennessee State University | $21,878 | $33,147 | +52% |
Compare to Similar Programs in Tennessee
Anthropology bachelors's programs at peer institutions in Tennessee (8 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,344 | $23,112 | $34,339 | $20,081 | 0.87 | |
| $13,484 | $24,772 | $39,053 | $27,000 | 1.09 | |
| $9,506 | $21,878 | $33,147 | $20,793 | 0.95 | |
| National Median | — | $27,806 | — | $23,000 | 0.83 |
Career Paths
Occupations commonly associated with anthropology graduates
Medical Scientists, Except Epidemiologists
Anthropology and Archeology Teachers, Postsecondary
Area, Ethnic, and Cultural Studies Teachers, Postsecondary
Forensic Science Technicians
Anthropologists and Archeologists
Managers, All Other
Regulatory Affairs 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 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.