Analysis
The University of Memphis music program tells an unusual story: graduates start at $27,353—barely above the poverty line—but see their earnings jump 50% by year four to reach $41,074. That four-year figure outpaces every Tennessee music program except Tennessee Tech, suggesting the initial struggles give way to stronger career traction than most alternatives. However, Memphis graduates still start below the state median of $27,470, landing in just the 40th percentile among Tennessee music programs.
The $22,060 debt load provides a silver lining—it's lower than both the national and state medians for music degrees, keeping the initial debt-to-earnings ratio at a manageable 0.81. This matters because music graduates often piece together income from multiple sources early in their careers. Starting with less debt means more flexibility to take teaching gigs, performance opportunities, or studio work without immediate financial pressure.
For families, the decision hinges on whether your child can weather those lean first years. The earnings trajectory is genuinely promising compared to peer institutions, but that first year at $27,353 means financial support or side income will likely be necessary. If your student has the resilience and the program's reputation opens doors (that 50% earnings jump suggests it does), this becomes a reasonable bet for a music career—just plan for a rocky start.
Where University of Memphis Stands
Earnings vs. debt across all music 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 | $27,353 | $41,074 | +50% |
| Middle Tennessee State University | $27,586 | $38,385 | +39% |
| Tennessee Technological University | $44,635 | $36,814 | -18% |
| The University of Tennessee-Knoxville | $31,888 | $26,143 | -18% |
| Belmont University | $24,016 | $23,880 | -1% |
Compare to Similar Programs in Tennessee
Music bachelors's programs at peer institutions in Tennessee (35 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,344 | $27,353 | $41,074 | $22,060 | 0.81 | |
| $10,084 | $44,635 | $36,814 | $17,500 | 0.39 | |
| $8,675 | $39,008 | — | $31,000 | 0.79 | |
| $13,484 | $31,888 | $26,143 | $23,453 | 0.74 | |
| $9,950 | $30,004 | $20,191 | $23,000 | 0.77 | |
| $9,506 | $27,586 | $38,385 | $22,608 | 0.82 | |
| National Median | — | $26,036 | — | $26,000 | 1.00 |
Career Paths
Occupations commonly associated with music graduates
Art, Drama, and Music Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Music Directors and Composers
Sound Engineering Technicians
Musicians and Singers
Disc Jockeys, Except Radio
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 45 graduates with reported earnings and 50 graduates with debt data. Small samples may not be representative.