Analysis
The University of Memphis's Fine Arts program outperforms most expectations for an art degree, ranking solidly above both Tennessee's median ($22,714) and the national average ($24,742). At $31,494 four years out, graduates are earning about 39% more than the typical Tennessee art graduate and keeping pace with Middle Tennessee State's stronger-performing program. The $28,850 debt load sits slightly higher than state norms but remains manageable relative to earningsβgraduates owe roughly one year's salary, which is reasonable territory for a creative field.
What stands out here is the 19% earnings growth from year one to year four, suggesting graduates are successfully building careers rather than stagnating in entry-level positions. This matters for art majors, where the immediate post-graduation period can be financially precarious. The program also carries exceptionally low debt relative to other Fine Arts programs nationally (5th percentile), meaning Memphis is controlling costs better than most institutions.
For parents weighing this investment, recognize that these earnings won't match business or STEM fields, but they represent solid performance within the arts sector. If your child is committed to a studio practice and you're considering in-state options, Memphis delivers better outcomes than most Tennessee alternatives at a cost that won't create crushing debt. The trajectory matters as much as the starting point here.
Where University of Memphis Stands
Earnings vs. debt across all fine and studio arts 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 | $26,451 | $31,494 | +19% |
| The University of Tennessee-Chattanooga | $21,766 | $41,212 | +89% |
| Middle Tennessee State University | $29,084 | $36,484 | +25% |
| Tennessee Technological University | $19,231 | $34,767 | +81% |
| Austin Peay State University | $19,157 | $32,661 | +70% |
Compare to Similar Programs in Tennessee
Fine and Studio Arts bachelors's programs at peer institutions in Tennessee (25 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,344 | $26,451 | $31,494 | $28,850 | 1.09 | |
| $9,506 | $29,084 | $36,484 | $24,760 | 0.85 | |
| $22,690 | $26,598 | β | $29,750 | 1.12 | |
| $13,484 | $23,661 | $32,233 | $27,000 | 1.14 | |
| $10,144 | $21,766 | $41,212 | $25,000 | 1.15 | |
| $10,084 | $19,231 | $34,767 | $13,935 | 0.72 | |
| National Median | β | $24,742 | β | $25,295 | 1.02 |
Career Paths
Occupations commonly associated with fine and studio arts graduates
Art Directors
Special Effects Artists and Animators
Art, Drama, and Music Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Archivists
Curators
Museum Technicians and Conservators
Craft Artists
Fine Artists, Including Painters, Sculptors, and Illustrators
Artists and Related Workers, All Other
Jewelers and Precious Stone and Metal Workers
Gem and Diamond Workers
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 61 graduates with reported earnings and 60 graduates with debt data. Small samples may not be representative.