Analysis
Wake Forest's engineering program faces an unusual challenge: competing against North Carolina's public universities with substantially higher price tags. Based on comparable engineering programs in the state, graduates can expect first-year earnings around $69,000—roughly on par with the national median. The estimated debt of $26,500 keeps the debt-to-earnings ratio reasonable at 0.38, but that figure deserves scrutiny given Wake Forest's private school tuition and the fact that only 9% of students receive Pell grants, suggesting most families are paying closer to full price.
The real question is value relative to alternatives. NC State's engineering graduates—with actual reported data—earn $72,000 in their first year, likely with lower debt loads given in-state tuition options. Even UNC Asheville's smaller program reports $73,000 in first-year earnings. Wake Forest's selective admissions (22% acceptance rate, 1469 average SAT) attract high-achieving students, but engineering is a field where employers care more about your senior design project than your university's prestige. The estimated earnings suggest Wake Forest engineers aren't commanding a premium in the job market.
For families paying private school rates, this creates a difficult calculus. If your child is in-state for North Carolina's excellent public engineering programs, the cost difference would be hard to justify based on these peer-program estimates alone. Out-of-state students might find the gap smaller, but should confirm actual costs and compare carefully against their home state options.
Where Wake Forest University Stands
Earnings vs. debt across all engineering bachelors's programs nationally
Compare to Similar Programs in North Carolina
Engineering bachelors's programs at peer institutions in North Carolina (8 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $64,758 | $68,764* | — | $26,459* | — | |
| $7,461 | $73,410* | $86,814 | $31,000* | 0.42 | |
| $8,895 | $71,769* | — | $30,518* | 0.43 | |
| $7,361 | $65,758* | $77,366 | $26,978* | 0.41 | |
| $4,532 | $62,244* | — | $25,550* | 0.41 | |
| National Median | — | $67,911* | — | $26,056* | 0.38 |
Career Paths
Occupations commonly associated with engineering graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Engineering Teachers, Postsecondary
Engineers, All Other
Energy Engineers, Except Wind and Solar
Mechatronics Engineers
Microsystems Engineers
Photonics Engineers
Robotics Engineers
Nanosystems Engineers
Wind Energy Engineers
Solar Energy Systems Engineers
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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 4 similar programs in NC. Actual outcomes may vary.