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Program Details
Virginia Military Institute

Economics, General (45.0601)
Bachelor's Degree
Enrollment, Awards, Wages, Debt, and Other Outcomes




Economics and Business
Program Status: Active/Approved to Enroll Students and Confer Degrees
Degree Title: BA
2010 CIP Code: 450601

Credit HoursProgram Offered
On-Campus:YesNo
Off-Campus:YesNo

Date Progam Approved to Confer Degrees:  Before SCHEV
Enrollments and Awards
Academic YearFall HeadcountAnnual FTEDegrees
2018-1922224748
2019-2022425450
2020-2121924748
2021-2221725443
2022-2322224450

Average time-to-completion in yearsAverage credits-to-completionAverage monthly earnings six months after graduation
4.14136$ 3,938

Average time-to-completion in years (transfer students)Average credits-to-completion (transfer students)
3.95124




The table to the right provides the degree award history of each the last five years, disaggregated by state residency. This breakout may may help explain why a relatively low percentage of program completers may appear to be working in Virginia.



Program Graduates by Domicile
YearIn-StateOut-of-StateTotal
2018-19321648
2019-20351550
2020-21361248
2021-22291443
2022-23351550
Five Year Summary16772239
Distribution by Gender and Race/Ethnicity within Five-year Totals,


YearForeign/ InternationalAfrican Am. or Black (NH)Am. Indian/ Native Am. (NH)Asian/ Pacific Islander (NH)HispanicWhite, Caucasian Am. (NH)Multi-Race (NH)Unknown/ Unreported (NH)Total
Sum of the Last 5 Years8182823981910239



Wages Earned in 2020

The table below shows the wage data for the select program and places it in the context of all wages at the same degree level of this institution by graduates with at least three (3) quarters of employment.





Post-Completion Wage Outcomes, Earnings in 2022
Graduation YearGrads (n)Grads w/Wages (n)25th PercentileMedian Wage75th Percentile
2011-12 (10 years)20836%$65,540$102,257$135,712
2013-14 (8 years)23737%$62,845$92,357$126,753
2016-17 (5 years)28335%$57,974$78,425$105,844
2018-19 (3 years)28428%$54,257$75,204$96,427
2020-21 (18 months)27028%$45,343$61,838$73,422



Student Debt of Graduates
 Export to Excel
Number of Borrowers and Known Debt at Graduation
Borrowers (n)Borrowers (%)25th PercentileMedianMean75th Percentile
2013-14 to 2017-1815153.0%$ 16,864$ 26,454$ 24,488$ 29,724
2014-15 to 2018-1915253.5%$ 15,102$ 25,244$ 25,186$ 29,724
2015-16 to 2019-2014852.9%$ 16,354$ 25,113$ 27,607$ 29,724
2016-17 to 2020-2114051.9%$ 14,597$ 24,740$ 28,273$ 28,975
2017-18 to 2021-2212952.7%$ 14,595$ 24,742$ 29,435$ 29,718
Note: Student borrowing at graduation, excludes PLUS loans, in five-year rollups. Includes all known institutionally-processed borrowing occuring at all public and nonprofit institutions in Virginia. Debt accrued outside Virginia in prior postsecondary activity is not available.
Number of Borrowers and Known Debt at Graduation, Including Parent-PLUS and Grad-PLUS
Borrowers (n)Borrowers (%)25th PercentileMedianMean75th Percentile
2013-14 to 2017-1815153.0%$ 18,306$ 26,792$ 34,973$ 42,900
2014-15 to 2018-1915353.9%$ 18,061$ 26,756$ 36,654$ 43,736
2015-16 to 2019-2014953.2%$ 18,308$ 26,756$ 40,135$ 51,436
2016-17 to 2020-2114152.2%$ 16,854$ 26,716$ 39,920$ 51,436
2017-18 to 2021-2213053.1%$ 14,844$ 26,717$ 38,625$ 50,894


More Details on Enrollment History.


More Details on Degree Awards History.


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