Analysis
VMI's Economics program starts slow but demonstrates exceptional earning momentum that ultimately delivers strong value. While first-year earnings of $46,000 trail both Virginia's median ($55,000) and most state competitors, the 52% jump to $70,000 by year four tells a different storyβgraduates eventually surpass the four-year earnings at programs like JMU and Richmond. This trajectory suggests the military institute's career networks and leadership training take time to translate into compensation, but the payoff materializes within a few years of graduation.
The $23,250 median debt load, nearly identical to Virginia's typical economics graduate debt, means students aren't overpaying for this delayed return. That 0.50 debt-to-earnings ratio looks manageable, especially knowing earnings continue climbing substantially. The program's 25th percentile ranking among Virginia economics programs reflects that sluggish start more than the ultimate outcomeβby year four, these graduates have closed most of the gap with higher-ranked programs.
For families comfortable with VMI's structured military environment and willing to accept below-average starting salaries, this represents a solid economics degree with built-in career acceleration. The real question is whether your student values immediate earning power or can weather two to three years of catching up financially while the VMI network kicks in.
Where Virginia Military Institute Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Virginia Military Institute 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 |
|---|---|---|---|
| Virginia Military Institute | $46,046 | $70,038 | +52% |
| Washington and Lee University | $71,737 | $110,050 | +53% |
| University of Richmond | $61,027 | $102,501 | +68% |
| James Madison University | $62,286 | $86,390 | +39% |
| George Mason University | $53,024 | $80,423 | +52% |
Compare to Similar Programs in Virginia
Economics bachelors's programs at peer institutions in Virginia (28 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $20,484 | $46,046 | $70,038 | $23,250 | 0.50 | |
| $20,986 | $74,958 | $80,369 | $19,000 | 0.25 | |
| $64,525 | $71,737 | $110,050 | $23,399 | 0.33 | |
| $25,040 | $65,603 | $72,419 | $19,678 | 0.30 | |
| $13,576 | $62,286 | $86,390 | $18,575 | 0.30 | |
| $62,600 | $61,027 | $102,501 | $23,000 | 0.38 | |
| National Median | β | $51,722 | β | $22,816 | 0.44 |
Career Paths
Occupations commonly associated with economics graduates
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Statisticians
Biostatisticians
Economics Teachers, Postsecondary
Market Research Analysts and Marketing Specialists
Search Marketing Strategists
Secondary School Teachers, Except Special and Career/Technical Education
Survey Researchers
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 Virginia Military Institute, approximately 16% 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 37 graduates with reported earnings and 42 graduates with debt data. Small samples may not be representative.