Analysis
Washington and Lee's accounting graduates earn $81,625 in their first year—outperforming every other Virginia accounting program and landing in the 95th percentile nationally. But there's a catch: we're looking at a very small sample, likely fewer than 30 graduates. That said, the numbers align with what you'd expect from a highly selective liberal arts college (17% admission rate, 1504 average SAT) known for strong business preparation and elite networking.
The debt picture is equally impressive. At $16,750, graduates carry about a third of the typical Virginia accounting student's debt load, translating to a debt-to-earnings ratio of just 0.21. That's manageable by any standard—these graduates could feasibly pay off their loans within a few months if they chose to. The 24% earnings growth to over $100,000 by year four suggests strong trajectory into senior accounting roles or finance positions.
The small class size is worth considering—it means less statistical reliability but also potentially means more individualized attention and tighter alumni networks. For families who can handle W&L's substantial upfront costs (only 11% receive Pell grants), this program delivers exceptional returns. If your child has the academic profile to gain admission and you're comparing accounting programs in Virginia, these outcomes justify serious consideration despite the limited sample size.
Where Washington and Lee University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How Washington and Lee 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 |
|---|---|---|---|
| Washington and Lee University | $81,625 | $101,332 | +24% |
| University of Richmond | $71,508 | $86,270 | +21% |
| Virginia Polytechnic Institute and State University | $70,303 | $82,394 | +17% |
| James Madison University | $71,563 | $81,138 | +13% |
| George Mason University | $67,291 | $80,027 | +19% |
Compare to Similar Programs in Virginia
Accounting bachelors's programs at peer institutions in Virginia (32 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $64,525 | $81,625 | $101,332 | $16,750 | 0.21 | |
| $13,576 | $71,563 | $81,138 | $22,484 | 0.31 | |
| $62,600 | $71,508 | $86,270 | $20,757 | 0.29 | |
| $15,478 | $70,303 | $82,394 | $18,500 | 0.26 | |
| $13,815 | $67,291 | $80,027 | $21,500 | 0.32 | |
| $16,458 | $56,876 | $61,171 | $24,350 | 0.43 | |
| National Median | — | $53,694 | — | $25,000 | 0.47 |
Career Paths
Occupations commonly associated with accounting graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Financial and Investment Analysts
Financial Risk Specialists
Financial Examiners
Budget Analysts
Business Teachers, Postsecondary
Accountants and Auditors
Tax Examiners and Collectors, and Revenue Agents
Bookkeeping, Accounting, and Auditing Clerks
Payroll and Timekeeping Clerks
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 Washington and Lee University, approximately 11% 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 20 graduates with reported earnings and 26 graduates with debt data. Small samples may not be representative.