Wake Forest University

Doctoral Universities

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2016 Undergraduate Tuition

$48,746

3.45% growth from 2015

2016 Average Net Price

$23,826

After Financial Aid

2015 Student Loan

1.57%

Default Rate

2016 Acceptance Rate

30.3%

14,006 Applicants

2016 Enrolled Students

7,968

94.5% Full-Time

2016 Graduation Rate

88.3%

1,075 Graduates

About

Costs

Admissions

Enrollment

Graduates

Operations

About

Wake Forest University is a higher education institution located in Forsyth County, NC. In 2016, the most popular Bachelor's Degree concentrations at Wake Forest University were General Finance (119 degrees awarded), General Communication (117 degrees), and General Economics (109 degrees).

In 2016, 2,574 degrees were awarded across all undergraduate and graduate programs at Wake Forest University. 52.3% of these degrees were awarded to women, and 47.7% awarded men. The majority of degree recipients were white (1,879 degrees), 8.13 times more than then the next closest race/ethnicity group, black or african american (231 degrees).

The median undergraduate tuition at Wake Forest University is $48,746, which is $22,890 more than the national average for Doctoral Universities ($25,856).

Photo by Alex Proimos

Doctoral Universities: Higher Research ActivityDoctoral Universities

Costs

The median undergraduate tuition at Wake Forest University is $48,746, which is $22,890 more than the national average for Doctoral Universities ($25,856).

After taking grants and loans into account, the average net price for students is $23,826.

In 2016, 49% of undergraduate students received federal grants, while 26% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$48,746

2016 Undergraduate Tuition

In 2016, the cost of tuition at Wake Forest University was $48,746. The cost of tuition at Wake Forest University is $22,890 more than than the overall (public and private) national average for Doctoral Universities ($25,856).

This chart compares the tuition costs of Wake Forest University (in red) with those of other similar universities.

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Average Net Price

$23,826

2016 Value

4.42%

1 Year Growth

In 2016 Wake Forest University had an average net price — the price paid after factoring in grants and loans — of $23,826. Between 2015 and 2016, the average net price of Wake Forest University grew by 4.42%.

This chart compares the average net price of Wake Forest University (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.

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Other Student Expenses

$12,996

Room and Board

$1,400

Books and Supplies

The average yearly cost of room and board at Wake Forest University was of $12,996 in 2016. During the same period, the average yearly cost of books and supplies was $1,400. The cost of room and board increased by 2.83% between 2015 and 2016. The cost of books and supplies increased by 7.69% during the same period.

This chart compares the average student costs at Wake Forest University (in red) with that of similar universities.

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Financial Aid

Financial Aid by Income Level

49%

Of Undergraduates Receive Grants

26%

Of Undergraduates Receive Federal Loans

49% of undergraduate students at Wake Forest University received grants or loans in 2016. This represents a decline of 2% with respect to 2015, when 50% of undergraduate students received financial aid.

This chart compares the average award discount at Wake Forest University (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.

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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.

1.57%

2015 Default Rate

20

Number of Defaults

In 2015 the default rate for borrower's at Wake Forest University was 1.57%, which represents 20 out of the 1277 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.

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Admissions

Wake Forest University received 14,006 undergraduate applications in 2016, which represents a 5.46% annual growth. Out of those 14,006 applicants, 4,249 students were accepted for enrollment, representing a 30.3% acceptance rate.

There were 7,968 students enrolled at Wake Forest University in 2016, and N/A% of first-time enrollees submitted SAT scores with their applications.

Wake Forest University has an overall enrollment yield of 30.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

30.3%

Acceptance Rate in 2016

4,249

Accepted Out of 14,006

In 2016, the undergraduate acceptance rate of Wake Forest University was 30.3% (4,249 admissions from 14,006 applications). This is higher than the acceptance rate of 2015, which was 29.4%. Between 2015 and 2016, the number of applicants grew by 5.46%, while admissions grew by 8.86%.

This chart compares the acceptance rate of Wake Forest University (in red) with that of other similar universities.

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SAT Scores

N/A%

Submission Percentage

N/A

Scores Submitted

N/A% of enrolled first-time students at Wake Forest University in 2016 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Wake Forest University has a total enrollment of 7,968 students. The full-time enrollment at Wake Forest University is 7,528 students and the part-time enrollment is 440. This means that 94.5% of students enrolled at Wake Forest University are enrolled full-time.

The enrolled student population at Wake Forest University, both undergraduate and graduate, is 68.6% White, 8.28% Black or African American, 5.92% Hispanic or Latino, 3.45% Asian, 2.21% Two or More Races, 1% Native Hawaiian or Other Pacific Islanders, and 0.251% American Indian or Alaska Native.

Students enrolled at Wake Forest University in full-time Undergraduate programs are majority White Female (36.9%), followed by White Male (33.6%) and Hispanic or Latino Female (3.8%). Students enrolled in full-time Graduate programs are majority White Male (32.7%), followed by White Female (32.3%) and Black or African American Female (5.67%).

Full-Time vs Part-Time Enrollment

94.5%

Full-Time Enrollment

The total enrollment at Wake Forest University, both undergraduate and graduate, is 7,968 students. The full-time enrollment at Wake Forest University is 7,528 and the part-time enrollment is 440. This means that 94.5% of students enrolled at Wake Forest University are enrolled full-time compared with 78.1% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Wake Forest University (in red) compares to similar universities.

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Retention Rate over Time

95%

2016 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 Wake Forest University was 95%. Compared with the full-time retention rate at similar Doctoral Universities (83%), Wake Forest University had a retention rate higher than its peers.

This chart shows the retention rate over time at Wake Forest University (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    5,468

  2. Black or African American

    660

  3. Hispanic or Latino

    472

The enrolled student population at Wake Forest University is 68.6% White, 8.28% Black or African American, 5.92% Hispanic or Latino, 3.45% Asian, 2.21% Two or More Races, 1% Native Hawaiian or Other Pacific Islanders, and 0.251% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 51.9% White, 12.8% Hispanic or Latino, and 9.36% 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, 134 students (1.68%) did not report their race.

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Graduates

In 2016, 116 more women than men received degrees from Wake Forest University. The majority of degree recipients at Wake Forest University are white (1,879 degrees awarded). There were 8.13 times more white graduates than the next closest race/ethnicity group, black or african american (231 degrees).

The most common Bachelor's Degree concentration at Wake Forest University is General Finance (119 degrees awarded), followed by General Communication (117 degrees) and General Economics (109 degrees).

The most specialized majors across all degree types at Wake Forest University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (213 degrees awarded), Language & Linguistics (87 degrees), and Philosophy and Religious Studies (30 degrees).

Workforce

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 Wake Forest University are Lawyers, & judges, magistrates, & other judicial workers (329,358 people), Miscellaneous managers (308,297 people), Postsecondary teachers (207,730 people), Elementary & middle school teachers (192,362 people), and Chief executives & legislators (114,128 people).

The most specialized majors at Wake Forest University are Legal (213 degrees awarded), Language & Linguistics (87 degrees), Philosophy and Religious Studies (30 degrees), Physical Sciences (74 degrees), and Social Sciences (279 degrees).

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Highest Paying Jobs by Major

Physicians & surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Wake Forest University are Physicians & surgeons, Real estate brokers & sales agents, Sales engineers, Sales representatives, wholesale & manufacturing, and Securities, commodities, & financial services sales agents

The most specialized majors at Wake Forest University are Legal (213 degrees awarded), Language & Linguistics (87 degrees), Philosophy and Religious Studies (30 degrees), Physical Sciences (74 degrees), and Social Sciences (279 degrees).

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Common Industries by Major

Colleges, universities & professional schools, including junior colleges

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Wake Forest University are Colleges, universities & professional schools, including junior colleges (388,909 people), Elementary & secondary schools (356,227 people), Legal services (279,625 people), Hospitals (196,112 people), and Justice, public order, & safety activities (172,618 people).

The most specialized majors at Wake Forest University are Legal (213 degrees awarded), Language & Linguistics (87 degrees), Philosophy and Religious Studies (30 degrees), Physical Sciences (74 degrees), and Social Sciences (279 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Wake Forest University.

Most Common

  1. General Finance

    119 degrees awarded

  2. General Communication

    117 degrees awarded

  3. General Economics

    109 degrees awarded

In 2016, the most common bachelors degree concentration at Wake Forest University was General Finance with 119 degrees awarded.

This visualization illustrates the percentage of degree recipients from bachelors degree programs at Wake Forest University according to their major.

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 1,229

  2. 1,345

In 2016, 1,229 degrees were awarded to men at Wake Forest University, which is 0.914 times less than the number of degrees awarded to females (1,345).

This chart displays the gender disparity between the top 5 majors at Wake Forest University by degrees awarded.

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Most Common Male Majors

In 2016, 216 degrees were awarded to men at Wake Forest University in General Business Administration & Management, which is 1.65 times more than the 131 female recipients with that same degree.

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Most Common Female Majors

In 2016, 131 degrees were awarded to women at Wake Forest University in General Business Administration & Management, which is 0.606 times less than the 216 male recipients with that same degree.

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Time to Complete

83%

100% Completion Time

88%

150% Completion Time

In 2016, 83% of students graduating from Wake Forest University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 88% completed their degrees within 150% of the normal time, and 89% 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.

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Diversity

Graduation Rate by Race and Gender

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 at Wake Forest University is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (67.2%).

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, 0% of graduates (0 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    1,879 degrees awarded

  2. Black or African American

    231 degrees awarded

  3. Hispanic or Latino

    139 degrees awarded

The most common race/ethnicity at Wake Forest University is white (1,879 degrees awarded). There were 8.13 times more white recipients than the next closest race/ethnicity group, black or african american (231 degrees).

0.816% of degree recipients (21 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    968 degrees awarded

  2. White Male

    911 degrees awarded

  3. Black or African American Female

    136 degrees awarded

The most common race/ethnicity and gender grouping at Wake Forest University is white female (968 degrees awarded). There were 1.06 times more white female recipients than the next closest race/ethnicity group, white male (911 degrees).

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Operations

Wake Forest University has an endowment valued at nearly $1.17B, as of the end of the 2015 fiscal year. The return on its endowment was of $24M (2.05%), compared to the 1.54% average return ($4.18M on $271M) across all Doctoral Universities.

In 2015, Wake Forest University had a total expenditure of $1.17B. Of that $1.17B, they spent $597M on salaries and $1.17B on benefits.

Wake Forest University employs 187 Professors, 159 Instructors, and 134 Associate professors. Most academics at Wake Forest University are Male Professors (127), Female Instructors(81), and Male Instructors (78).

The most common positions for non-instructional staff at Wake Forest University are: Business and Financial Operations, with 477 employees, Service, with 279 employees, and Office and Administrative Support with 262 employees.

Finances

Endowment

$1.17B

2015 Endowment

1.69%

growth from 2014

Wake Forest University has an endowment valued at about $1.17B, as of the end of the 2015 fiscal year. The endowment of Wake Forest University grew 1.69% from the previous year. The value of their endowment was $896M higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Wake Forest University (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.

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Government Grants and Contracts

Grants & Contracts

  1. $161M - Federal

  2. $15.1M - State

  3. $0 - Local

As of 2015, Wake Forest University received $161M in grants and contracts from the federal government, $15.1M from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$597M

Salary Expenditure

$1.17B

Benefits Expenditure

In 2015, Wake Forest University had a total expenditure of $1.17B. Of that $1.17B, they spent $597M on salaries and $1.17B on benefits.

The bar chart shows the share of the primary expenses at Wake Forest University over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Doctoral Universities Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Wake Forest University as a share of total expenditure.

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Salary Expenditure

$597M

2015 Salaries

3.69%

growth from 2014

In 2015, Wake Forest University paid a median of $597M in salaries, which represents 51.2% of their overall expenditure ($1.17B) and a 3.69% growth from the previous year. This is compared to a 4.32% decline from 2013 and a 4.39% growth from 2012.

The median for similar Doctoral Universities is 206M (43.4% of overall expenditures).

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Instructional Salaries

$60.2M

Instructional Salaries

586

Number of Employees

In 2015, Wake Forest University paid a total of $60.2M to 586 employees working as instructors, which represents 10.1% of all salaries paid.

This is compared to a median of $62.1M (30.2%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

187 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

477 Employees

In 2016, the most common positions for instructional staff at Wake Forest University were Professor with 187 employees; Instructor with 159 employees; and Instructor with 134 employees.

In 2016, the most common positions for non-instructional staff at Wake Forest University were Business and Financial Operations with 477 employees; Service with 279 employees; and Office and Administrative Support with 262 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Female Instructor

  3. Male Instructor

In 2016, the most common demographic for instructional staff at Wake Forest University was Male Professor with 127 employees, Female Instructor with 81 employees, and Male Instructor with 78 employees.

This chart shows the gender split between each academic rank present at Wake Forest University.

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