Analysis
Wake Forest finance graduates earn $85,944 in their first yearβ66% above the national median and significantly more than graduates from UNC-Charlotte or Appalachian State. By year four, earnings climb to $113,398, placing this program at the top of North Carolina's finance programs and the 95th percentile nationally. The $19,500 in typical debt represents just three months of first-year salary, creating one of the strongest debt-to-earnings ratios you'll find at a selective private university.
The graduation debt here runs slightly above the national median for finance programs, but context matters: Wake Forest students are accessing elite-level outcomes (earning roughly what Duke and UNC Chapel Hill finance graduates earn) while borrowing far less than peers at many comparable institutions. The 32% earnings growth from year one to year four suggests graduates are advancing into higher-level roles rather than plateauing early.
The tradeoff is clear: you're paying for Wake Forest's selective admissions and brand, but the program delivers measurably better career outcomes than state schools. For families who can manage the debt loadβand especially for those comparing against other private universitiesβthis represents strong value in a field where your first employer and early salary trajectory matter considerably.
Where Wake Forest University Stands
Earnings vs. debt across all finance and financial management services 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
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Wake Forest University | $85,944 | $113,398 | +32% |
| Elon University | $66,614 | $87,590 | +31% |
| Appalachian State University | $52,004 | $69,084 | +33% |
| Campbell University | $60,445 | $67,345 | +11% |
| University of North Carolina at Charlotte | $51,628 | $65,028 | +26% |
Compare to Similar Programs in North Carolina
Finance and Financial Management Services bachelors's programs at peer institutions in North Carolina (19 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $64,758 | $85,944 | $113,398 | $19,500 | 0.23 | |
| $44,536 | $66,614 | $87,590 | $19,500 | 0.29 | |
| $40,410 | $60,445 | $67,345 | $25,000 | 0.41 | |
| $7,541 | $52,004 | $69,084 | $21,267 | 0.41 | |
| $7,214 | $51,628 | $65,028 | $22,400 | 0.43 | |
| $7,361 | $51,501 | $64,191 | $23,142 | 0.45 | |
| National Median | β | $53,590 | β | $23,332 | 0.44 |
Career Paths
Occupations commonly associated with finance and financial management services graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Chief Executives
Chief Sustainability Officers
General and Operations Managers
Personal Financial Advisors
Financial and Investment Analysts
Financial Risk Specialists
Budget Analysts
Business Teachers, Postsecondary
Insurance Underwriters
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 50 graduates with reported earnings and 44 graduates with debt data. Small samples may not be representative.