Analysis
Wofford College's finance program sits in an interesting spotβnot the highest earner among South Carolina programs, but it delivers solid results with remarkably low debt. At $57,335 first-year out, graduates match the state median exactly while carrying just $27,000 in loans, which ranks in the 5th percentile nationally for debt burden. That 0.47 debt-to-earnings ratio means the typical graduate owes less than half their first year's salary, making this one of the more financially manageable finance degrees you'll find.
The program trails USC-Columbia by about $5,000 and Clemson by roughly $1,500 in starting earnings, but here's what matters: Wofford graduates can likely pay down their debt faster thanks to that lower borrowing. The 15% earnings growth to $66,153 by year four suggests careers are progressing normally, though this puts them in the middle of the pack nationally (65th percentile). For context, South Carolina has just 10 schools offering this major, so options are limited for in-state students seeking this path.
The value proposition here is straightforwardβyour child gets a respectable finance education at a small liberal arts college without the debt load that often accompanies private school tuition. It's not going to unlock the highest-paying finance jobs immediately, but the manageable debt means they'll have financial flexibility early in their career rather than spending years digging out.
Where Wofford College Stands
Earnings vs. debt across all finance and financial management services bachelors's programs nationally
Earnings Distribution
How Wofford College 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 |
|---|---|---|---|
| Wofford College | $57,335 | $66,153 | +15% |
| College of Charleston | $54,634 | $82,260 | +51% |
| University of South Carolina-Columbia | $62,231 | $79,318 | +27% |
| Clemson University | $58,876 | $71,621 | +22% |
| Coastal Carolina University | $46,911 | $53,842 | +15% |
Compare to Similar Programs in South Carolina
Finance and Financial Management Services bachelors's programs at peer institutions in South Carolina (10 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $54,100 | $57,335 | $66,153 | $27,000 | 0.47 | |
| $12,688 | $62,231 | $79,318 | $25,000 | 0.40 | |
| $15,554 | $58,876 | $71,621 | $20,000 | 0.34 | |
| $12,978 | $54,634 | $82,260 | $22,500 | 0.41 | |
| $11,640 | $46,911 | $53,842 | $26,000 | 0.55 | |
| National Median | β | $53,590 | β | $23,332 | 0.44 |
Career Paths
Occupations commonly associated with finance and financial management services graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Chief Executives
Chief Sustainability Officers
General and Operations Managers
Personal Financial Advisors
Financial and Investment Analysts
Financial Risk Specialists
Budget Analysts
Business Teachers, Postsecondary
Insurance Underwriters
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 Wofford College, approximately 15% 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 52 graduates with reported earnings and 45 graduates with debt data. Small samples may not be representative.