Economics at Washington and Lee University
Bachelor's Degree
Analysis
Washington and Lee economics graduates command salaries that outpace nearly every other Virginia school except UVA, hitting $110,050 by year four—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 outcomes—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
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Washington and Lee University graduates compare to all programs nationally
Washington and Lee University graduates earn $72k, placing them in the 95th percentile of all economics bachelors programs nationally.
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.
Compare to Similar Programs in Virginia
Economics bachelors's programs at peer institutions in Virginia (28 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Washington and Lee University | $71,737 | $110,050 | $23,399 | 0.33 |
| University of Virginia-Main Campus | $74,958 | $80,369 | $19,000 | 0.25 |
| William & Mary | $65,603 | $72,419 | $19,678 | 0.30 |
| James Madison University | $62,286 | $86,390 | $18,575 | 0.30 |
| University of Richmond | $61,027 | $102,501 | $23,000 | 0.38 |
| Virginia Polytechnic Institute and State University | $56,261 | $75,051 | $22,500 | 0.40 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in Virginia
Compare tuition, earnings, and debt across Virginia schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of Virginia-Main Campus Charlottesville | $20,986 | $74,958 | $19,000 |
| William & Mary Williamsburg | $25,040 | $65,603 | $19,678 |
| James Madison University Harrisonburg | $13,576 | $62,286 | $18,575 |
| University of Richmond University of Richmond | $62,600 | $61,027 | $23,000 |
| Virginia Polytechnic Institute and State University Blacksburg | $15,478 | $56,261 | $22,500 |
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.