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
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 | $19,055 | $26,151 | +37% |
| University of Notre Dame | $37,531 | $56,230 | +50% |
| CUNY Queens College | $11,604 | $45,005 | +288% |
| The University of Tennessee-Knoxville | $21,189 | $32,395 | +53% |
| Middle Tennessee State University | $17,860 | $27,245 | +53% |
Compare to Similar Programs in Tennessee
Drama/Theatre Arts and Stagecraft bachelors's programs at peer institutions in Tennessee (23 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,344 | $19,055 | $26,151 | $22,875 | 1.20 | |
| $13,484 | $21,189 | $32,395 | — | — | |
| $9,506 | $17,860 | $27,245 | $19,000 | 1.06 | |
| National Median | — | $20,698 | — | $25,000 | 1.21 |
Career Paths
Occupations commonly associated with drama/theatre arts and stagecraft graduates
Art, Drama, and Music Teachers, Postsecondary
Producers and Directors
Media Programming Directors
Talent Directors
Media Technical Directors/Managers
Fashion Designers
Writers and Authors
Poets, Lyricists and Creative Writers
Set and Exhibit Designers
Music Directors and Composers
Actors
Dancers
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.