Median Earnings (1yr)
$62,454
43rd percentile
Median Debt
$26,500
14% above national median
Debt-to-Earnings
0.42
Manageable
Sample Size
40
Adequate data

Analysis

University of Memphis biomedical engineering graduates start slightly below the national median at $62,454, but this program delivers solid value when you consider what families are paying. With $26,500 in median debt—manageable at just 42% of first-year earnings—students here enter the workforce without the crushing loan burdens seen at many engineering programs. The 60th percentile ranking within Tennessee matters: among just three schools offering this degree in-state, Memphis holds its own against Vanderbilt while significantly outearning Tennessee-Knoxville graduates.

The real story is accessibility meeting outcomes. With a 93% admission rate and 40% of students on Pell grants, Memphis serves a different population than many engineering programs, yet still launches graduates into solid middle-class careers. That $62,000 starting salary won't rival top-tier programs, but it's respectable for a healthcare-adjacent engineering field, particularly in Tennessee's lower cost-of-living markets.

For families weighing this program, the math works: reasonable debt, decent starting pay, and an in-state option that competes well locally. The moderate sample size suggests steady but not overwhelming enrollment, which may mean smaller classes and more faculty attention. If your child can gain admission to Vanderbilt's program, that edge in earnings might justify the likely higher costs—but for most Tennessee families, Memphis offers a practical path into biomedical engineering without financial strain.

Where University of Memphis Stands

Earnings vs. debt across all biomedical/medical engineering bachelors's programs nationally

University of MemphisOther biomedical/medical engineering 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 $62k, placing them in the 43th percentile of all biomedical/medical engineering bachelors programs nationally.

Compare to Similar Programs in Tennessee

Biomedical/Medical Engineering bachelors's programs at peer institutions in Tennessee (3 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
University of Memphis$62,454—$26,5000.42
Vanderbilt University$63,402$94,340$19,5000.31
The University of Tennessee-Knoxville$47,261$72,490$22,2000.47
National Median$64,660—$23,2460.36

Other Biomedical/Medical Engineering Programs in Tennessee

Compare tuition, earnings, and debt across Tennessee schools

SchoolIn-State TuitionEarnings (1yr)Debt
Vanderbilt University
Nashville
$63,946$63,402$19,500
The University of Tennessee-Knoxville
Knoxville
$13,484$47,261$22,200

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 40 graduates with reported earnings and 45 graduates with debt data. Small samples may not be representative.