University of Richmond

www.richmond.edu

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2022 Undergraduate Tuition

$60,330

3% growth from 2021

2022 Average Net Price

$29,248

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

24.4%

14,364 Applicants

2022 Enrolled Students

3,876

90.2% Full-Time

2022 Graduation Rate

88%

717 Graduates

About

University of Richmond is a higher education institution located in Richmond city, VA. In 2022, the most popular Bachelors Degree concentrations at University of Richmond were General Business Administration & Management (223 degrees awarded), Organizational Behavior Studies (74 degrees), and General Biological Sciences (56 degrees).

In 2022, 1,212 degrees were awarded across all undergraduate and graduate programs at University of Richmond. 59.2% of these degrees were awarded to women, and 40.8% awarded men. The most common race/ethnicity group of degree recipients was white (738 degrees), 6.53 times more than then the next closest race/ethnicity group, hispanic or latino (113 degrees).

The median undergraduate tuition at University of Richmond is $60,330, which is $32,000 more than the national average for Baccalaureate Colleges ($28,330).

In 2020 the default rate for borrower's at University of Richmond was 0%, corresponding to 0 out of the 625 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2022, the median undergraduate tuition at University of Richmond is $60,330, which is $32,000 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $29,248.

In 2022, 70% of undergraduate students attending University of Richmond received financial aid through grants. Comparatively, 32% of undergraduate students received financial aid through loans.

Tuition Costs

$60,330

2022 Undergraduate Tuition

In 2022, the cost of tuition at University of Richmond was $60,330. The cost of tuition at University of Richmond is $32,000 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

Average Net Price

$29,248

2022 Value

1.27%

1 Year Growth

In 2022 University of Richmond had an average net price — the price paid after factoring in grants and loans — of $29,248. Between 2021 and 2022, the average net price of University of Richmond grew by 1.27%.

This chart compares the average net price of University of Richmond (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

$13,950

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at University of Richmond was of $13,950 in 2022. The cost of room and board increased by 3.87% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies decreased by 9.09% during the same period.

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

Financial Aid by Income Level

70%

Undergraduates Receiving Financial Aid through Grants

32%

Undergraduates Receiving Financial Aid through Loans

70% of undergraduate students at University of Richmond received financial aid through grants or loans in 2022. This represents a growth of 11.1% with respect to 2021, when 63% of undergraduate students received financial aid.

This chart compares the average award discount at University of Richmond (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 University of Richmond was 0%, which represents 0 out of the 625 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

University of Richmond received 14,364 undergraduate applications in 2022, which represents a 2.93% annual growth. Out of those 14,364 applicants, 3,501 students were accepted for enrollment, representing a 24.4% acceptance rate.

There were 3,876 students enrolled at University of Richmond in 2022. 22% of first-time enrollees submitted SAT scores with their applications.

University of Richmond has an overall enrollment yield of 24.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

24.4%

Acceptance Rate in 2022

3,501

Accepted Out of 14,364

In 2022, the undergraduate acceptance rate of University of Richmond was 24.4% (3,501 admissions from 14,364 applications). This is lower than the acceptance rate of 2021, which was 28.8%. Between 2021 and 2022, the number of applicants grew by 2.93%, while admissions declined by 12.8%.

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

SAT Scores

22%

Submission Percentage (2022)

190

Scores Submitted (2022)

22% of enrolled first-time students at University of Richmond in 2022 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

University of Richmond had a total enrollment of 3,876 students in 2022. The full-time enrollment at University of Richmond is 3,495 students and the part-time enrollment is 381. This means that 90.2% of students enrolled at University of Richmond are enrolled full-time.

The enrolled student population at University of Richmond, both undergraduate and graduate, is 60.3% White, 9.31% Hispanic or Latino, 6.89% Black or African American, 6.06% Asian, 4.1% Two or More Races, 0.258% American Indian or Alaska Native, and 0.0258% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Richmond in full-time Undergraduate programs are most commonly White Female (30.2%), followed by White Male (28.5%) and Hispanic or Latino Female (6.29%). Students enrolled in full-time Graduate programs are most commonly White Female (40.3%), followed by White Male (29.4%) and Hispanic or Latino Female (5.46%).

Full-Time vs Part-Time Enrollment

90.2%

Full-Time Enrollment

The total enrollment at University of Richmond in 2022, both undergraduate and graduate, is 3,876 students. The full-time enrollment at University of Richmond is 3,495 and the part-time enrollment is 381. This means that 90.2% of students enrolled at University of Richmond are enrolled full-time compared with 79.6% at similar Baccalaureate Colleges.

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

Retention Rate over Time

92%

2022 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 University of Richmond was 92%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), University of Richmond had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
2,337 enrolled students
Hispanic or Latino
361 enrolled students
Black or African American
267 enrolled students

The enrolled student population at University of Richmond is 60.3% White, 9.31% Hispanic or Latino, 6.89% Black or African American, 6.06% Asian, 4.1% Two or More Races, 0.258% American Indian or Alaska Native, and 0.0258% 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 Baccalaureate Colleges is 54.3% White, 13.8% Hispanic or Latino, and 13.1% 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, 124 students (3.2%) did not report their race.

Graduates

In 2022, 224 more women than men received degrees from University of Richmond. The most common race/ethnicity group of degree recipients at University of Richmond is white (738 degrees awarded). There were 6.53 times more white recipients than the next closest race/ethnicity group, hispanic or latino (113 degrees).

The most common Bachelor's Degree concentration at University of Richmond is General Business Administration & Management (223 degrees awarded), followed by Organizational Behavior Studies (74 degrees) and General Biological Sciences (56 degrees).

In 2022, the most specialized majors across all degree types at University of Richmond, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (138 degrees awarded), English (43 degrees), and Interdisciplinary Studies (77 degrees).

Common Jobs by Major

Accountants & auditors

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at University of Richmond are Accountants & auditors (1,099,687 people), Other managers (943,594 people), Financial managers (578,137 people), Lawyers, & judges, magistrates, & other judicial workers (547,798 people), and Chief executives & legislators (488,659 people).

The most specialized majors at University of Richmond in 2022 are Legal (138 degrees awarded), English (43 degrees), Interdisciplinary Studies (77 degrees), Social Sciences (120 degrees), and Business (426 degrees) (as of 2022).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at University of Richmond are Surgeons, Nuclear medicine technologists and medical dosimetrists, Securities, commodities, & financial services sales agents, Physicians, and Nurse anesthetists

The most specialized majors at University of Richmond are Legal (138 degrees awarded), English (43 degrees), Interdisciplinary Studies (77 degrees), Social Sciences (120 degrees), and Business (426 degrees) (as of 2022).

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 University of Richmond are Elementary & secondary schools (983,768 people), Computer Systems Design (708,454 people), Colleges, universities & professional schools, including junior colleges (681,670 people), Banking & related activities (594,111 people), and Securities, commodities, funds, trusts & other financial investments (547,985 people).

Majors Awarded

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

Most Common (2022)

General Business Administration & Management
223 degrees awarded
Organizational Behavior Studies
74 degrees awarded
General Biological Sciences
56 degrees awarded

In 2022, the most common bachelors degree concentration at University of Richmond was General Business Administration & Management with 223 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at University of Richmond according to their major.

Sex Breakdown for Common Majors

494

Degrees Awarded to Men

in 2022

718

Degrees Awarded to Women

in 2022

In 2022, 494 degrees were awarded to men at University of Richmond, which is 0.688 times less than the number of degrees awarded to females (718).

This chart displays the sex disparity between the top 5 majors at University of Richmond by degrees awarded.

Most Common Male Majors

In 2022, 154 degrees were awarded to men at University of Richmond in General Business Administration & Management, which is 1.77 times more than the 87 female recipients with that same degree.

Most Common Female Majors

In 2022, 87 degrees were awarded to men at University of Richmond in General Business Administration & Management, which is 0.565 times less than the 154 male recipients with that same degree.

Time to Complete

82%

100% Completion Time

88%

150% Completion Time

In 2022, 82% of students graduating from University of Richmond 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 88% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges 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.

Asian Female

Highest Graduation Rate (92.9%)

The student demographic with the highest graduation rate in 2022 at University of Richmond is Female and Asian (92.9% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (73.2%).

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, 4.32% of graduates (31 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
738 degrees awarded
Hispanic or Latino
113 degrees awarded
Black or African American
102 degrees awarded

The most common race/ethnicity at University of Richmond is white (738 degrees awarded). There were 6.53 times more white recipients than the next closest race/ethnicity group, hispanic or latino (113 degrees).

5.03% of degree recipients (61 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
422 degrees awarded
White Male
316 degrees awarded
Hispanic or Latino Female
71 degrees awarded

The most common race/ethnicity and sex grouping at University of Richmond is white female (422 degrees awarded). There were 1.34 times more white female recipients than the next closest race/ethnicity group, white male (316 degrees).

Operations

University of Richmond has an endowment valued at nearly $3.15B, as of the end of the 2022 fiscal year. The return on its endowment was of −115M (−3.64%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, University of Richmond had a total salary expenditure of 318M. University of Richmond employs 137 Associate professors, 132 Professors and 93 No academic ranks. Most academics at University of Richmond are Male Professor (76), Male Associate professor (72), and Female Associate professor (65).

The most common positions for non-instructional staff at University of Richmond are: Service, with 296 employees, Office and Administrative Support, with 181 employees, and Management with 156 employees.

Endowment

$3.15B

2022 Endowment

5.91%

decline from 2021

University of Richmond has an endowment valued at about $3.15B, as of the end of the 2022 fiscal year. The endowment of University of Richmond declined 5.91% from the previous year. The value of their endowment was $3.1B higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$142M

2022 Salaries

0.35%

growth from 2021

In 2022, University of Richmond paid a median of $142M in salaries, which represents 44.7% of their overall expenditure ($318M) and a 0.35% growth from the previous year. This is compared to a 1.4% growth between 2020 and 2021, and a 1.94% growth between 2019 and 2020.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$54.9M

Instructional Salaries

435

Number of Employees

In 2022, University of Richmond paid a total of $54.9M to 435 employees working as instructors, which represents 38.6% of all salaries paid.

This is compared to a median of $5.04M (32.1%) for similar Baccalaureate Colleges.

Occupations by Share

Associate professor

Most Common Instructor

137 Employees

Service

Most Common Non-Instructional Employee

296 Employees

In 2022, the most common positions for instructional staff at University of Richmond were Associate professor with 137 employees, Professor with 132 employees, and No academic rank with 93 employees.

In 2022, the most common positions for non-instructional staff at University of Richmond were Service with 296 employees, Office and Administrative Support with 181 employees, and Management with 156 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Professor
Male Associate professor
Female Associate professor

In 2022, the most common demographic for instructional staff at University of Richmond was Male Professor with 76 employees, Male Associate professor with 72 employees, and Female Associate professor with 65 employees.

This chart shows the sex split between each academic rank present at University of Richmond.

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