Median Earnings (1yr)
$19,055
35th percentile (60th in TN)
Median Debt
$22,875
8% below national median
Debt-to-Earnings
1.20
Elevated
Sample Size
31
Adequate data

Analysis

University of Memphis graduates with theatre degrees start below the national average but show unusually strong growth—median earnings jump 37% by year four, reaching $26,151. That upward trajectory matters more than the modest $19,055 starting point, particularly in a field where many practitioners cobble together income from multiple sources early in their careers.

Within Tennessee's theatre landscape, this program sits at the 60th percentile despite initial earnings that match the state median exactly. The fact that graduates eventually outpace peers from more selective programs like UT-Knoxville ($21,189) suggests Memphis provides networking or training advantages that compound over time. The debt load of $22,875 is lighter than both national and state medians, creating manageable monthly payments even during those lean first years.

The real question is whether your child can weather that initial period. A $19,000 starting salary in Memphis—where cost of living runs about 15% below the national average—translates to roughly $1,600 monthly before taxes. With loan payments around $250/month, it's tight but feasible with roommates and side gigs. For students committed to theatre careers, the combination of below-average debt and above-average earnings growth creates one of the better financial foundations in this notoriously challenging field.

Where University of Memphis Stands

Earnings vs. debt across all drama/theatre arts and stagecraft bachelors's programs nationally

University of MemphisOther drama/theatre arts and stagecraft 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 $19k, placing them in the 35th percentile of all drama/theatre arts and stagecraft 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

Drama/Theatre Arts and Stagecraft bachelors's programs at peer institutions in Tennessee (23 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
University of Memphis$19,055$26,151$22,8751.20
The University of Tennessee-Knoxville$21,189$32,395——
Middle Tennessee State University$17,860$27,245$19,0001.06
National Median$20,698—$25,0001.21

Other Drama/Theatre Arts and Stagecraft Programs in Tennessee

Compare tuition, earnings, and debt across Tennessee schools

SchoolIn-State TuitionEarnings (1yr)Debt
The University of Tennessee-Knoxville
Knoxville
$13,484$21,189—
Middle Tennessee State University
Murfreesboro
$9,506$17,860$19,000

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 31 graduates with reported earnings and 25 graduates with debt data. Small samples may not be representative.