Analysis
William & Mary's Area Studies program reports exceptionally strong outcomes—graduates earn $53,779 in their first year, which outperforms 95% of similar programs both nationally and in Virginia. That's 54% above the national median and well above even UVA's outcomes. However, these numbers come from fewer than 30 graduates, so they may not represent what typical students will experience.
The debt picture looks reasonable at first glance: $15,250 is below the national median for this major, creating a debt-to-earnings ratio of just 0.28. But here's the catch—this figure sits in the 81st percentile nationally, meaning most Area Studies programs actually saddle students with less debt. Given William & Mary's 33% admission rate and strong academic profile (1458 average SAT), students may be paying a premium that doesn't translate to proportionately better earnings compared to in-state alternatives.
The small sample size is the elephant in the room. With only a handful of data points, these stellar numbers could reflect a few exceptional graduates rather than predictable program outcomes. If your child is genuinely passionate about Area Studies and has the academic credentials for William & Mary, the worst-case scenario still appears manageable given the modest debt load. But don't choose this path banking on $53,000+ first-year earnings—those figures need validation with larger graduating classes before you can truly rely on them.
Where William & Mary Stands
Earnings vs. debt across all area studies bachelors's programs nationally
Earnings Distribution
How William & Mary 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 |
|---|---|---|---|
| William & Mary | $53,779 | $59,898 | +11% |
| Emory University | $33,549 | $77,707 | +132% |
| University of Virginia-Main Campus | $34,280 | $59,351 | +73% |
| University of Richmond | $33,340 | $51,138 | +53% |
| Virginia Commonwealth University | $35,557 | $41,752 | +17% |
Compare to Similar Programs in Virginia
Area Studies bachelors's programs at peer institutions in Virginia (13 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $25,040 | $53,779 | $59,898 | $15,250 | 0.28 | |
| $16,458 | $35,557 | $41,752 | $23,500 | 0.66 | |
| $20,986 | $34,280 | $59,351 | $23,000 | 0.67 | |
| $62,600 | $33,340 | $51,138 | $19,750 | 0.59 | |
| National Median | — | $34,211 | — | $20,552 | 0.60 |
Career Paths
Occupations commonly associated with area studies graduates
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 William & Mary, approximately 12% 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 28 graduates with reported earnings and 32 graduates with debt data. Small samples may not be representative.