How much money do Luther Rice University graduates make and which majors earn the most upon graduating? Six years after enrolling, alumni who are working have average earnings of $37,100 per year. After ten years, graduates earn $41,600 on average.
In terms of specific areas of study, the following is a ranking of degree programs by the median first-year starting salaries for Luther Rice University graduates.
The undergraduate degree which initially pays the highest is Bible/Biblical Studies with a median starting salary of $28,600 .
Looking at post-graduate and doctorate students, those completing the Theological and Ministerial Studies (Master's Degree) program rank first with a median initial income of $51,300 followed by Pastoral Counseling and Specialized Ministries (Master's Degree) at $36,200 .
Note about salary data: First year earnings data are aggregated by the US Department of Education and analyzes IRS reported income for Luther Rice University graduates who received federal financial aid in the form of grants or loans. Not all graduates or fields of study are represented as data for some degree programs are omitted for privacy purposes.
| Major | Earnings |
|---|---|
| Theological and Ministerial Studies (Master's Degree) | $51,300 |
| Pastoral Counseling and Specialized Ministries (Master's Degree) | $36,200 |
| Bible/Biblical Studies (Bachelor’s Degree) | $28,600 |
Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=135364 IPEDS survey and College Scorecard data for Luther Rice University.