Analysis
Washington and Lee economics graduates command salaries that outpace nearly every other Virginia school except UVA, hitting $110,050 by year fourβa 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 outcomesβthough 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
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| 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
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $64,525 | $71,737 | $110,050 | $23,399 | 0.33 | |
| $20,986 | $74,958 | $80,369 | $19,000 | 0.25 | |
| $25,040 | $65,603 | $72,419 | $19,678 | 0.30 | |
| $13,576 | $62,286 | $86,390 | $18,575 | 0.30 | |
| $62,600 | $61,027 | $102,501 | $23,000 | 0.38 | |
| $15,478 | $56,261 | $75,051 | $22,500 | 0.40 | |
| National Median | β | $51,722 | β | $22,816 | 0.44 |
Career Paths
Occupations commonly associated with economics graduates
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Statisticians
Biostatisticians
Economics Teachers, Postsecondary
Market Research Analysts and Marketing Specialists
Search Marketing Strategists
Secondary School Teachers, Except Special and Career/Technical Education
Survey Researchers
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.