Median Earnings (1yr)
$76,722
95th percentile
60th percentile in North Carolina
Median Debt
$18,899
27% below national median

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

Earnings Distribution

How Wake Forest University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Wake Forest University$76,722$91,708+20%
New York University$77,828$115,546+48%
Northeastern University$74,868$91,376+22%
Baylor University$74,886$90,608+21%
Strayer University-North Carolina$55,431$59,763+8%

Compare to Similar Programs in North Carolina

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

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Wake Forest UniversityWinston-Salem$64,758$76,722$91,708$18,8990.25
Strayer University-North CarolinaGreensboro$13,920$55,431$59,763$56,5171.02
National Median$47,506$26,0000.55

Career Paths

Occupations commonly associated with business/commerce graduates

Sales Managers

Plan, direct, or coordinate the actual distribution or movement of a product or service to the customer. Coordinate sales distribution by establishing sales territories, quotas, and goals and establish training programs for sales representatives. Analyze sales statistics gathered by staff to determine sales potential and inventory requirements and monitor the preferences of customers.

$138,060/yrJobs growth:Bachelor's degree

Industrial Production Managers

Plan, direct, or coordinate the work activities and resources necessary for manufacturing products in accordance with cost, quality, and quantity specifications.

$121,440/yrJobs growth:Bachelor's degree

Quality Control Systems Managers

Plan, direct, or coordinate quality assurance programs. Formulate quality control policies and control quality of laboratory and production efforts.

$121,440/yrJobs growth:Bachelor's degree

Geothermal Production Managers

Manage operations at geothermal power generation facilities. Maintain and monitor geothermal plant equipment for efficient and safe plant operations.

$121,440/yrJobs growth:Bachelor's degree

Biofuels Production Managers

Manage biofuels production and plant operations. Collect and process information on plant production and performance, diagnose problems, and design corrective procedures.

$121,440/yrJobs growth:Bachelor's degree

Biomass Power Plant Managers

Manage operations at biomass power generation facilities. Direct work activities at plant, including supervision of operations and maintenance staff.

$121,440/yrJobs growth:Bachelor's degree

Hydroelectric Production Managers

Manage operations at hydroelectric power generation facilities. Maintain and monitor hydroelectric plant equipment for efficient and safe plant operations.

$121,440/yrJobs growth:Bachelor's degree

Construction Managers

Plan, direct, or coordinate, usually through subordinate supervisory personnel, activities concerned with the construction and maintenance of structures, facilities, and systems. Participate in the conceptual development of a construction project and oversee its organization, scheduling, budgeting, and implementation. Includes managers in specialized construction fields, such as carpentry or plumbing.

$106,980/yrJobs growth:Bachelor's degree

Administrative Services Managers

Plan, direct, or coordinate one or more administrative services of an organization, such as records and information management, mail distribution, and other office support services.

$106,880/yrJobs growth:Bachelor's degree

Facilities Managers

Plan, direct, or coordinate operations and functionalities of facilities and buildings. May include surrounding grounds or multiple facilities of an organization's campus.

$106,880/yrJobs growth:Bachelor's degree

Security Managers

Direct an organization's security functions, including physical security and safety of employees and facilities.

$106,880/yrJobs growth:Bachelor's degree

Chief Executives

Determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

$105,350/yrJobs growth:Bachelor'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 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.