Median Earnings (1yr)
$71,737
95th percentile
80th percentile in Virginia
Median Debt
$23,399
3% above national median

Analysis

Washington and Lee economics graduates command salaries that outpace nearly every other Virginia school except UVA, hitting $110,050 by year fourβ€”a figure that doubles the state median and ranks in the 80th percentile statewide. That's $8,000 more than William & Mary grads and nearly $50,000 ahead of Virginia Tech. The 53% earnings jump between years one and four suggests graduates are landing positions with real advancement potential, not just high starting salaries that plateau.

The $23,399 in median debt sits right at the national average for economics programs, producing a comfortable 0.33 debt-to-income ratio. At this earnings level, loan repayment shouldn't strain household budgets. The school's 17% admission rate and 1504 average SAT signal you're competing with high-achieving students, which likely explains both the strong alumni network and the career outcomesβ€”though the 11% Pell grant rate indicates limited socioeconomic diversity.

The main caveat here is sample size: fewer than 30 graduates in this dataset means these figures could shift with a larger cohort. But even accounting for that uncertainty, the combination of manageable debt and elite-level earnings makes this one of Virginia's strongest economics programs by the numbers. If your student earned admission, the financial risk appears minimal relative to the likely payoff.

Where Washington and Lee University Stands

Earnings vs. debt across all economics 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

School1 Year4 YearsGrowth
Washington and Lee University$71,737$110,050+53%
University of Richmond$61,027$102,501+68%
James Madison University$62,286$86,390+39%
George Mason University$53,024$80,423+52%
University of Virginia-Main Campus$74,958$80,369+7%

Compare to Similar Programs in Virginia

Economics bachelors's programs at peer institutions in Virginia (28 total in state)

Scroll to see more β†’

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Washington and Lee UniversityLexington$64,525$71,737$110,050$23,3990.33
University of Virginia-Main CampusCharlottesville$20,986$74,958$80,369$19,0000.25
William & MaryWilliamsburg$25,040$65,603$72,419$19,6780.30
James Madison UniversityHarrisonburg$13,576$62,286$86,390$18,5750.30
University of RichmondUniversity of Richmond$62,600$61,027$102,501$23,0000.38
Virginia Polytechnic Institute and State UniversityBlacksburg$15,478$56,261$75,051$22,5000.40
National Medianβ€”$51,722β€”$22,8160.44

Career Paths

Occupations commonly associated with economics graduates

Economists

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

$115,440/yrJobs growth:Master's degree

Environmental Economists

Conduct economic analysis related to environmental protection and use of the natural environment, such as water, air, land, and renewable energy resources. Evaluate and quantify benefits, costs, incentives, and impacts of alternative options using economic principles and statistical techniques.

$115,440/yrJobs growth:Master's degree

Data Scientists

Develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Visualize, interpret, and report data findings. May create dynamic data reports.

$112,590/yrJobs growth:Bachelor's degree

Business Intelligence Analysts

Produce financial and market intelligence by querying data repositories and generating periodic reports. Devise methods for identifying data patterns and trends in available information sources.

$112,590/yrJobs growth:Bachelor's degree

Clinical Data Managers

Apply knowledge of health care and database management to analyze clinical data, and to identify and report trends.

$112,590/yrJobs growth:Bachelor's degree

Statisticians

Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.

$104,350/yrJobs growth:Master's degree

Biostatisticians

Develop and apply biostatistical theory and methods to the study of life sciences.

$104,350/yrJobs growth:Master's degree

Economics Teachers, Postsecondary

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Market Research Analysts and Marketing Specialists

Research conditions in local, regional, national, or online markets. Gather information to determine potential sales of a product or service, or plan a marketing or advertising campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution. May employ search marketing tactics, analyze web metrics, and develop recommendations to increase search engine ranking and visibility to target markets.

$76,950/yrJobs growth:Bachelor's degree

Search Marketing Strategists

Employ search marketing tactics to increase visibility and engagement with content, products, or services in Internet-enabled devices or interfaces. Examine search query behaviors on general or specialty search engines or other Internet-based content. Analyze research, data, or technology to understand user intent and measure outcomes for ongoing optimization.

$76,950/yrJobs growth:Bachelor's degree

Secondary School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the secondary school level.

$64,580/yrJobs growth:Bachelor's degree

Survey Researchers

Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams.

$63,380/yrJobs growth:Master'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 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 24 graduates with reported earnings and 26 graduates with debt data. Small samples may not be representative.