William & Mary

www.wm.edu

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2023 Undergraduate Tuition

$18,253

4.7% growth from 2022

2023 Average Net Price

$20,422

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

32.7%

17,548 Applicants

2023 Enrolled Students

9,762

86.9% Full-Time

2023 Graduation Rate

91%

1,387 Graduates

About

William & Mary is a higher education institution located in Williamsburg city, VA. In 2023, the most popular Masters Degree concentrations at William & Mary were General Business Administration & Management (411 degrees awarded), Management Science (116 degrees), and School Counseling & Guidance Services (96 degrees).

In 2023, 3,281 degrees were awarded across all undergraduate and graduate programs at William & Mary. 57.8% of these degrees were awarded to women, and 42.2% awarded men. The most common race/ethnicity group of degree recipients was white (1,991 degrees), 6.89 times more than then the next closest race/ethnicity group, asian (289 degrees).

The median undergraduate tuition at William & Mary is $18,253, which is $−12,750 less than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at William & Mary was 0%, corresponding to 0 out of the 1,135 total borrowers.

Photo by Oleg.

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at William & Mary is $18,253, which is $12,751 less than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $20,422.

In 2023, 50% of undergraduate students attending William & Mary received financial aid through grants. Comparatively, 23% of undergraduate students received financial aid through loans.

Tuition Costs

$18,253

2023 Undergraduate Tuition

In 2023, the cost of tuition at William & Mary was $18,253. The cost of tuition at William & Mary is $−12,751 less than than the overall (public and private) national average for Doctoral Universities ($31,004).

This chart compares the tuition costs of William & Mary (in red) with those of other similar universities.

Average Net Price

$20,422

2023 Value

20.5%

1 Year Growth

In 2023 William & Mary had an average net price — the price paid after factoring in grants and loans — of $20,422. Between 2022 and 2023, the average net price of William & Mary grew by 20.5%.

This chart compares the average net price of William & Mary (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$13,828

Room and Board

$1,080

Books and Supplies

The average yearly cost of room and board at William & Mary was of $13,828 in 2023. The cost of room and board increased by 0.67% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,080. The cost of books and supplies increased by 8% during the same period.

This chart compares the average student costs at William & Mary (in red) with that of similar universities.

Financial Aid by Income Level

50%

Undergraduates Receiving Financial Aid through Grants

23%

Undergraduates Receiving Financial Aid through Loans

50% of undergraduate students at William & Mary received financial aid through grants or loans in 2023. This represents a decline of 13.8% with respect to 2022, when 58% of undergraduate students received financial aid.

This chart compares the average award discount at William & Mary (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at William & Mary was 0%, which represents 0 out of the 1135 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

William & Mary received 17,548 undergraduate applications in 2023, which represents a 2.98% annual growth. Out of those 17,548 applicants, 5,741 students were accepted for enrollment, representing a 32.7% acceptance rate.

There were 9,762 students enrolled at William & Mary in 2023. 45% of first-time enrollees submitted SAT scores with their applications.

William & Mary has an overall enrollment yield of 28.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

32.7%

Acceptance Rate in 2023

5,741

Accepted Out of 17,548

In 2023, the undergraduate acceptance rate of William & Mary was 32.7% (5,741 admissions from 17,548 applications). This is lower than the acceptance rate of 2022, which was 33.5%. Between 2022 and 2023, the number of applicants declined by 2.98%, while admissions declined by 5.25%.

This chart compares the acceptance rate of William & Mary (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

45%

Submission Percentage (2023)

728

Scores Submitted (2023)

45% of enrolled first-time students at William & Mary in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

William & Mary had a total enrollment of 9,762 students in 2023. The full-time enrollment at William & Mary is 8,488 students and the part-time enrollment is 1,274. This means that 86.9% of students enrolled at William & Mary are enrolled full-time.

The enrolled student population at William & Mary, both undergraduate and graduate, is 60.7% White, 9.8% Asian, 8.39% Hispanic or Latino, 7% Black or African American, 6.02% Two or More Races, 0.0922% American Indian or Alaska Native, and 0.0512% Native Hawaiian or Other Pacific Islanders.

Students enrolled at William & Mary in full-time Undergraduate programs are most commonly White Female (35.1%), followed by White Male (25.2%) and Asian Female (6.39%). Students enrolled in full-time Graduate programs are most commonly White Female (33.9%), followed by White Male (27.1%) and Black or African American Female (4.64%).

Full-Time vs Part-Time Enrollment

86.9%

Full-Time Enrollment

The total enrollment at William & Mary in 2023, both undergraduate and graduate, is 9,762 students. The full-time enrollment at William & Mary is 8,488 and the part-time enrollment is 1,274. This means that 86.9% of students enrolled at William & Mary are enrolled full-time compared with 77.9% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at William & Mary (in red) compares to similar universities.

Retention Rate over Time

95%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at William & Mary was 95%. Compared with the full-time retention rate at similar Doctoral Universities (84%), William & Mary had a retention rate higher than its peers.

This chart shows the retention rate over time at William & Mary (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
5,929 enrolled students
Asian
957 enrolled students
Hispanic or Latino
819 enrolled students

The enrolled student population at William & Mary is 60.7% White, 9.8% Asian, 8.39% Hispanic or Latino, 7% Black or African American, 6.02% Two or More Races, 0.0922% American Indian or Alaska Native, and 0.0512% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 233 students (2.39%) did not report their race.

Graduates

In 2023, 509 more women than men received degrees from William & Mary. The most common race/ethnicity group of degree recipients at William & Mary is white (1,991 degrees awarded). There were 6.89 times more white recipients than the next closest race/ethnicity group, asian (289 degrees).

The most common Masters Degree concentration at William & Mary is General Business Administration & Management (411 degrees awarded), followed by Management Science (116 degrees) and School Counseling & Guidance Services (96 degrees).

In 2023, the most specialized majors across all degree types at William & Mary, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are History (132 degrees awarded), Legal (243 degrees), and Language & Linguistics (86 degrees).

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at William & Mary are Lawyers, & judges, magistrates, & other judicial workers (146,890 people), Postsecondary teachers (135,932 people), Other managers (132,393 people), Elementary & middle school teachers (105,992 people), and Secondary school teachers (101,350 people).

The most specialized majors at William & Mary in 2023 are History (132 degrees awarded), Legal (243 degrees), Language & Linguistics (86 degrees), Cultural & Gender Studies (42 degrees), and Physical Sciences (123 degrees) (as of 2023).

Highest Paying Jobs by Major

Diagnostic medical sonographers

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at William & Mary are Diagnostic medical sonographers, Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, and Magnetic resonance imaging technologists

The most specialized majors at William & Mary are History (132 degrees awarded), Legal (243 degrees), Language & Linguistics (86 degrees), Cultural & Gender Studies (42 degrees), and Physical Sciences (123 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at William & Mary are Elementary & secondary schools (305,623 people), Colleges, universities & professional schools, including junior colleges (301,957 people), Computer Systems Design (164,608 people), Legal services (128,833 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (120,638 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by William & Mary.

Most Common (2023)

General Business Administration & Management
200 degrees awarded
General Political Science & Government
190 degrees awarded
General Psychology
181 degrees awarded

In 2023, the most common bachelors degree concentration at William & Mary was General Business Administration & Management with 200 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at William & Mary according to their major.

Sex Breakdown for Common Majors

1,386

Degrees Awarded to Men

in 2023

1,895

Degrees Awarded to Women

in 2023

In 2023, 1,386 degrees were awarded to men at William & Mary, which is 0.731 times less than the number of degrees awarded to females (1,895).

This chart displays the sex disparity between the top 5 majors at William & Mary by degrees awarded.

Most Common Male Majors

In 2023, 334 degrees were awarded to men at William & Mary in General Business Administration & Management, which is 1.21 times more than the 277 female recipients with that same degree.

Most Common Female Majors

In 2023, 277 degrees were awarded to men at William & Mary in General Business Administration & Management, which is 0.829 times less than the 334 male recipients with that same degree.

Time to Complete

86%

100% Completion Time

91%

150% Completion Time

In 2023, 86% of students graduating from William & Mary completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 91% completed their degrees within 150% of the normal time, and 92% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at William & Mary is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 5.05% of graduates (70 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
1,991 degrees awarded
Asian
289 degrees awarded
Hispanic or Latino
259 degrees awarded

The most common race/ethnicity at William & Mary is white (1,991 degrees awarded). There were 6.89 times more white recipients than the next closest race/ethnicity group, asian (289 degrees).

3.2% of degree recipients (105 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
1,164 degrees awarded
White Male
827 degrees awarded
Hispanic or Latino Female
157 degrees awarded

The most common race/ethnicity and sex grouping at William & Mary is white female (1,164 degrees awarded). There were 1.41 times more white female recipients than the next closest race/ethnicity group, white male (827 degrees).

Operations

William & Mary has an endowment valued at nearly $1.36B, as of the end of the 2023 fiscal year. The return on its endowment was of 14.8M (1.09%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, William & Mary had a total salary expenditure of 548M. William & Mary employs 294 Professors, 218 Associate professors and 125 Assistant professors. Most academics at William & Mary are Male Professor (173), Male Associate professor (128), and Female Professor (121).

The most common positions for non-instructional staff at William & Mary are: Computer, Engineering, and Science, with 328 employees, Business and Financial Operations, with 302 employees, and Office and Administrative Support with 279 employees.

Endowment

$1.36B

2023 Endowment

4.54%

growth from 2022

William & Mary has an endowment valued at about $1.36B, as of the end of the 2023 fiscal year. The endowment of William & Mary grew 4.54% from the previous year. The value of their endowment was $927M higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at William & Mary (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Higher Research Activity Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$42M - Federal
$4.12M - State
$208k - Local

As of 2023, William & Mary received $42M in grants and contracts from the federal government, $4.12M from state grants and contracts, and $208k from local grants and contracts.

Salary Expenditure

$224M

2023 Salaries

10.4%

growth from 2022

In 2023, William & Mary paid a median of $224M in salaries, which represents 40.8% of their overall expenditure ($548M) and a 10.4% growth from the previous year. This is compared to a 4.74% growth between 2021 and 2022, and a 0.569% growth between 2020 and 2021.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$84.1M

Instructional Salaries

689

Number of Employees

In 2023, William & Mary paid a total of $84.1M to 689 employees working as instructors, which represents 37.6% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

294 Employees

Computer, Engineering, and Science

Most Common Non-Instructional Employee

328 Employees

In 2023, the most common positions for instructional staff at William & Mary were Professor with 294 employees, Associate professor with 218 employees, and Assistant professor with 125 employees.

In 2023, the most common positions for non-instructional staff at William & Mary were Computer, Engineering, and Science with 328 employees, Business and Financial Operations with 302 employees, and Office and Administrative Support with 279 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Associate professor
Female Professor

In 2023, the most common demographic for instructional staff at William & Mary was Male Professor with 173 employees, Male Associate professor with 128 employees, and Female Professor with 121 employees.

This chart shows the sex split between each academic rank present at William & Mary.

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