Median Earnings (1yr)
$76,722
95th percentile (60th in NC)
Median Debt
$18,899
27% below national median
Debt-to-Earnings
0.25
Manageable
Sample Size
55
Adequate data

Analysis

Wake Forest's business program places graduates at nearly $77,000 in their first year—$30,000 above the national median for business degrees and $11,000 above North Carolina's state median. While that 60th percentile ranking among North Carolina programs might seem middling, it's important context: NC's small pool of business schools (only 6 total) includes some outliers, and Wake Forest substantially outearns the typical graduate statewide. More importantly, these graduates carry just $18,900 in debt versus a state median of $37,700, creating an exceptionally favorable financial foundation.

The program delivers steady growth, with earnings climbing 20% to $91,700 by year four. Combined with that low debt load—giving graduates a debt-to-earnings ratio of just 0.25—this means students can comfortably manage payments while building savings. The 95th percentile national ranking reflects Wake Forest's selective admissions (22% acceptance rate) translating into strong employment outcomes.

For families who can manage Wake Forest's overall costs, this represents a rare combination: elite institutional brand with practical debt management. The graduates aren't drowning in loans while waiting for their careers to mature—they're earning well from day one with minimal financial burden.

Where Wake Forest University Stands

Earnings vs. debt across all business/commerce bachelors's programs nationally

Wake Forest UniversityOther business/commerce 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 Wake Forest University graduates compare to all programs nationally

Wake Forest University graduates earn $77k, placing them in the 95th percentile of all business/commerce 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 North Carolina

Business/Commerce bachelors's programs at peer institutions in North Carolina (6 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Wake Forest University$76,722$91,708$18,8990.25
Strayer University-North Carolina$55,431$59,763$56,5171.02
National Median$47,506—$26,0000.55

Other Business/Commerce Programs in North Carolina

Compare tuition, earnings, and debt across North Carolina schools

SchoolIn-State TuitionEarnings (1yr)Debt
Strayer University-North Carolina
Greensboro
$13,920$55,431$56,517

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 Wake Forest University, approximately 9% 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 55 graduates with reported earnings and 48 graduates with debt data. Small samples may not be representative.