Wake Forest combines highly selective admissions with strong post-graduation earnings, ranking at the 92nd percentile nationally for long-term outcomes. As a Selective Achievers institution, the university delivers top-tier return performance while serving a more limited population of low-income students compared to peer institutions.
With top-tier performance, driven by strong long-term earnings relative to educational investment
With modestly below average performance, reflecting higher costs typical of selective private institutions despite financial aid efforts
With above average performance, reflecting the institution's 21.6% admission rate balanced against limited low-income enrollment
With above average performance, combining moderate access with strong absolute earnings outcomes
Percentile rankings vs 1,600+ peer institutions. Higher is better.
Full AnalysisWake Forest University delivers strong absolute earnings outcomes while managing debt levels effectively relative to peer institutions. Graduates earn a median of $78,158 ten years after enrollment, ranking in the 92nd percentile nationally and $15,092 above the peer median.
Earnings range from $53,216 at the 25th percentile to $126,384 at the 75th percentile, reflecting significant variation across career paths and program choices. Low-income graduates earn $69,500, which ranks favorably despite the institution's limited low-income enrollment.
Academically high-achieving students seeking strong business and finance programs at a highly selective private institution. Well-suited for students who can manage higher costs in exchange for top-tier outcomes and extensive alumni networks.
Less ideal for students requiring significant financial aid or those from lower-income backgrounds given the limited 9.5% Pell enrollment.
This school profile was generated using Azimuth's proprietary ROI framework, developed by founder Daniel Rogers. Our methodology transforms federal education data into actionable insights for families.
College Azimuth is a private research initiative and is not affiliated with the U.S. Department of Education or Federal Student Aid. Data sourced from College Scorecard.
This content is for educational and informational purposes only and should not be construed as financial, investment, or professional advice. Consult a qualified advisor before making any financial decisions.
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This is the Wake Forest University hub overview page. For comprehensive institutional data including detailed charts and metrics, visit the full analysis at /school/wake-forest-university/analysis.
Highly selective with strong business programs
Wake Forest University ranks #361 nationally in Azimuth's composite analysis, with performance at the 77.9th percentile and well above average outcomes. Located in Winston-Salem, North Carolina, this medium-sized private nonprofit university maintains highly selective admission standards with a 21.6% acceptance rate while delivering strong post-graduation results.
Wake Forest enrolls 9.5% Pell-eligible students and 12.0% first-generation students, reflecting lower access compared to typical institutions but maintaining selectivity standards with SAT scores among the highest we track at 1390-1510. Graduates earn $78,158 ten years after enrollment, placing Wake Forest in the 92nd percentile for long-term earnings and $15,092 above the peer median of $63,066.
However, earnings fall $10,305 below expectations relative to similar student backgrounds, ranking at the 14.6th percentile on this measure. This combination of highly selective admissions, limited access for low-income students, and strong absolute earnings outcomes places Wake Forest within the Selective Achievers quadrant, where institutions serve fewer low-income students while delivering strong post-graduation performance.
Wake Forest admits approximately 21.6% of applicants, meaning roughly 1 in 5 applicants receives an offer of admission. This places Wake Forest in the highly selective category, requiring strong academic credentials for admission consideration.
The peer median admission rate of 70.6% highlights Wake Forest's competitive positioning relative to typical four-year institutions, with admission rates nearly 49 percentage points below the peer average. This level of selectivity means that even well-qualified students face meaningful uncertainty in the admission process.
Most admitted students demonstrate exceptional academic preparation, with SAT scores ranging from 1390-1510 and strong high school performance. Students should approach Wake Forest as a reach or match school depending on their academic profile, building comprehensive college lists that include institutions with higher acceptance rates but comparable outcomes.
The university's selective nature reflects both academic standards and enrollment management rather than pure academic elitism, as demonstrated by the institution's strong graduation rates of 90.9% overall.
Based on federal data for students receiving aid. Actual costs may vary.
Wake Forest University's published cost of attendance reaches $82,818 annually, breaking down to $64,758 in tuition, $17,848 for room and board, and $1,630 for books and supplies. However, financial aid significantly reduces actual costs for most families, with the average student paying $28,746 after aid—representing $54,072 in financial aid savings.
This places Wake Forest's net price $1,603 below the peer median of $27,143 despite much higher sticker prices. The substantial gap between published and actual costs reflects the university's commitment to need-based financial aid, though families should understand that aid concentrates heavily toward lower-income students.
Net prices vary dramatically by family income, ranging from $11,554 for families earning under $30,000 to $54,447 for families earning over $110,000. This $42,893 spread demonstrates how financial aid targets lower-income families while higher-income families pay closer to full costs.
Students should use Wake Forest's net price calculator and compare actual costs rather than published prices when making enrollment decisions, recognizing that merit aid may provide additional savings beyond need-based assistance.
Wake Forest graduates demonstrate steady earnings growth from early to mid-career, with median earnings rising from $67,722 six years after enrollment to $80,513 at eight years and $78,158 at ten years. The slight decline from eight to ten years reflects sample variation rather than systematic patterns, with overall growth of 15.4% from the six-year to ten-year mark.
These outcomes are based on a ten-year cohort of 759 graduates, providing solid confidence in the reported figures across the university's academic programs. Graduates earn $15,092 more than the peer median of $63,066, demonstrating competitive positioning within similar institutional contexts.
However, earnings fall $10,305 below expectations relative to similar student demographics, placing Wake Forest at the 14.6th percentile nationally on this value-added measure. Low-income graduates earn $69,500, reflecting positive outcomes despite the institution's 9.5% Pell enrollment.
Earnings span from $53,216 at the 25th percentile to $126,384 at the 75th percentile, indicating a 2.4:1 ratio that reflects meaningful variation in post-graduation career paths. Approximately 21.3% of graduates continue to graduate or professional study, indicating balanced pathways between workforce entry and advanced education.
Computer Science.
45 graduates
Banking and Financial Support Services.
108 graduates
Actuarial Science.
30 graduates
Applied Economics.
139 graduates
Business/Commerce, General.
112 graduates
Wake Forest offers 17 bachelor's degree programs with sufficient federal earnings data for analysis. Computer Science ranks #53 nationally and #3 in North Carolina, producing 45 graduates with median earnings of $114,622 and a value score of 71.6.
Banking and Financial Support Services ranks #8 nationally and #1 in North Carolina, graduating 108 students with median earnings of $113,398 and an exceptional value score of 96.6. Business/Commerce General ranks #3 nationally and #1 in North Carolina, with 112 graduates earning $91,708 and a value score of 96.9.
American Government and Politics ranks #24 nationally and #2 in North Carolina, graduating 146 students with median earnings of $70,723. Psychology General achieves #2 nationally and #1 in North Carolina, with 104 graduates earning $59,767 but an outstanding value score of 99.7.
Exercise Science and Kinesiology ranks #2 nationally and #1 in North Carolina, graduating 70 students with median earnings of $68,083 and a value score of 99.5. These rankings demonstrate Wake Forest's particular strength in business, finance, and select liberal arts programs where the institution achieves top-tier national positioning.
Consider these schools with similar outcomes but higher acceptance rates:
| School | State | Accept Rate | Median Earnings | |
|---|---|---|---|---|
Elon University Higher acceptance rate (45.8 percentage points higher) and located 43 miles away; similar graduate earnings | NC | 67% | $74,545 | Compare |
Virginia Polytechnic Institute And State University Higher acceptance rate (35.5 percentage points higher) and located 76 miles away; similar graduate earnings | VA | 57% | $81,698 | Compare |
North Carolina State University At Raleigh Higher acceptance rate (18.3 percentage points higher) and located 93 miles away; similar graduate earnings | NC | 40% | $68,758 | Compare |
Virginia Military Institute Higher acceptance rate (60.2 percentage points higher) with similar program focus; similar graduate earnings | VA | 82% | $77,369 | Compare |
American University Higher acceptance rate (25.8 percentage points higher) with similar program focus; similar graduate earnings | DC | 47% | $77,370 | Compare |
Peer institutions with comparable quality and outcomes:
| School | State | Accept Rate | Median Earnings | Rank | |
|---|---|---|---|---|---|
University Of Miami Similar quality tier in Southeast (#353 ranked) | FL | 19% | $75,328 | #353 | Compare |
Manhattan College Similar quality tier (#350 ranked) | NY | 78% | $86,316 | #350 | Compare |
Lafayette College Similar quality tier (#349 ranked) | PA | 31% | $91,410 | #349 | Compare |
Rochester Institute Of Technology Similar quality tier (#355 ranked) | NY | 71% | $76,571 | #355 | Compare |
College Of The Holy Cross Similar quality tier (#362 ranked) | MA | 21% | $90,543 | #362 | Compare |