Median Earnings (1yr)
$46,046
27th percentile
25th percentile in Virginia
Median Debt
$23,250
2% above national median

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 storyβ€”graduates 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 outcomeβ€”by 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

School1 Year4 YearsGrowth
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†’

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Virginia Military InstituteLexington$20,484$46,046$70,038$23,2500.50
University of Virginia-Main CampusCharlottesville$20,986$74,958$80,369$19,0000.25
Washington and Lee UniversityLexington$64,525$71,737$110,050$23,3990.33
William & MaryWilliamsburg$25,040$65,603$72,419$19,6780.30
James Madison UniversityHarrisonburg$13,576$62,286$86,390$18,5750.30
University of RichmondUniversity of Richmond$62,600$61,027$102,501$23,0000.38
National Medianβ€”$51,722β€”$22,8160.44

Career Paths

Occupations commonly associated with economics graduates

Economists

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

$115,440/yrJobs growth:Master's degree

Environmental Economists

Conduct economic analysis related to environmental protection and use of the natural environment, such as water, air, land, and renewable energy resources. Evaluate and quantify benefits, costs, incentives, and impacts of alternative options using economic principles and statistical techniques.

$115,440/yrJobs growth:Master's degree

Data Scientists

Develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Visualize, interpret, and report data findings. May create dynamic data reports.

$112,590/yrJobs growth:Bachelor's degree

Business Intelligence Analysts

Produce financial and market intelligence by querying data repositories and generating periodic reports. Devise methods for identifying data patterns and trends in available information sources.

$112,590/yrJobs growth:Bachelor's degree

Clinical Data Managers

Apply knowledge of health care and database management to analyze clinical data, and to identify and report trends.

$112,590/yrJobs growth:Bachelor's degree

Statisticians

Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.

$104,350/yrJobs growth:Master's degree

Biostatisticians

Develop and apply biostatistical theory and methods to the study of life sciences.

$104,350/yrJobs growth:Master's degree

Economics Teachers, Postsecondary

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Market Research Analysts and Marketing Specialists

Research conditions in local, regional, national, or online markets. Gather information to determine potential sales of a product or service, or plan a marketing or advertising campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution. May employ search marketing tactics, analyze web metrics, and develop recommendations to increase search engine ranking and visibility to target markets.

$76,950/yrJobs growth:Bachelor's degree

Search Marketing Strategists

Employ search marketing tactics to increase visibility and engagement with content, products, or services in Internet-enabled devices or interfaces. Examine search query behaviors on general or specialty search engines or other Internet-based content. Analyze research, data, or technology to understand user intent and measure outcomes for ongoing optimization.

$76,950/yrJobs growth:Bachelor's degree

Secondary School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the secondary school level.

$64,580/yrJobs growth:Bachelor's degree

Survey Researchers

Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams.

$63,380/yrJobs growth:Master's degree
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.