Median Earnings (1yr)
$30,652
46th percentile (60th in TN)
Median Debt
$25,000
4% above national median
Debt-to-Earnings
0.82
Manageable
Sample Size
56
Adequate data

Analysis

A University of Memphis history degree starts modestly at $30,652 but delivers something valuable: steady upward momentum. Graduates see a 34% earnings jump by year four, reaching nearly $41,000—an impressive trajectory that suggests this program opens doors rather than closing them. Within Tennessee, where the typical history graduate earns $29,279, Memphis ranks in the 60th percentile, outpacing larger programs like UT-Knoxville despite Memphis's 93% admission rate and open-access mission.

The debt picture requires context. At $25,000, it's slightly above Tennessee's median for history programs ($19,750) but quite manageable given the earnings trajectory. The initial debt-to-earnings ratio of 0.82 looks reasonable, and by year four, graduates are earning significantly more than they borrowed—a ratio that keeps improving. With 40% of students receiving Pell grants, this program clearly serves students who might not have access to elite alternatives like Vanderbilt.

For Tennessee families considering history degrees, Memphis offers a pragmatic middle path: lower barriers to entry than selective schools, but stronger outcomes than you'd expect from the admission rate. The four-year earnings growth suggests graduates are building careers, not just taking entry-level jobs. If your student is passionate about history and needs an affordable option in Tennessee, this program demonstrates that accessibility and career progress aren't mutually exclusive.

Where University of Memphis Stands

Earnings vs. debt across all history bachelors's programs nationally

University of MemphisOther history 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 $31k, placing them in the 46th percentile of all history 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

History bachelors's programs at peer institutions in Tennessee (36 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
University of Memphis$30,652$40,908$25,0000.82
Vanderbilt University$46,856$60,522$15,0000.32
Middle Tennessee State University$35,391$36,943$18,5000.52
Austin Peay State University$34,456$39,052$19,7500.57
Rhodes College$29,279$23,1040.79
The University of Tennessee-Knoxville$28,713$41,303$19,0000.66
National Median$31,220$24,0000.77

Other History Programs in Tennessee

Compare tuition, earnings, and debt across Tennessee schools

SchoolIn-State TuitionEarnings (1yr)Debt
Vanderbilt University
Nashville
$63,946$46,856$15,000
Middle Tennessee State University
Murfreesboro
$9,506$35,391$18,500
Austin Peay State University
Clarksville
$8,675$34,456$19,750
Rhodes College
Memphis
$54,892$29,279$23,104
The University of Tennessee-Knoxville
Knoxville
$13,484$28,713$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 56 graduates with reported earnings and 88 graduates with debt data. Small samples may not be representative.