University of Richmond

https://www.richmond.edu

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2024 Undergraduate Tuition

$65,230

4.2% growth from 2023

2024 Average Net Price

$30,037

After Financial Aid

2024 Acceptance Rate

22.2%

16,152 Applicants

2024 Enrolled Students

3,722

91.4% Full-Time

2024 Graduation Rate

85.2%

708 Graduates

About

University of Richmond is a higher education institution located in Richmond City, VA. In 2024, the most popular Bachelors Degree concentrations at University of Richmond were General Business Administration & Management (249 degrees awarded), Econometrics & Quantitative Economics (65 degrees), and Organizational Behavior Studies (61 degrees).

In 2024, 1,258 degrees were awarded across all undergraduate and graduate programs at University of Richmond. 58.5% of these degrees were awarded to women, and 41.5% awarded men. The most common race/ethnicity group of degree recipients was white (793 degrees), 6.24 times more than then the next closest race/ethnicity group, hispanic or latino (127 degrees).

The median undergraduate tuition at University of Richmond is $65,230, which is $37,052 more than the national average for Baccalaureate Colleges ($28,178).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2024, the median undergraduate tuition at University of Richmond is $65,230, which is $37,052 more than the national average for Baccalaureate Colleges ($28,178).

After taking grants and loans into account, the average net price for students is $30,037.

In 2024, 77% of undergraduate students attending University of Richmond received financial aid through grants. Comparatively, 32% of undergraduate students received financial aid through loans.

Tuition Costs

$65,230

2024 Undergraduate Tuition

In 2024, the cost of tuition at University of Richmond was $65,230. The cost of tuition at University of Richmond is $37,052 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,178).

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

Average Net Price

$30,037

2024 Value

14.8%

1 Year Growth

In 2024 University of Richmond had an average net price — the price paid after factoring in grants and loans — of $30,037. Between 2023 and 2024, the average net price of University of Richmond grew by 14.8%.

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

$16,210

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at University of Richmond was of $16,210 in 2024. The cost of room and board increased by 9.01% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change 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

77%

Undergraduates Receiving Financial Aid through Grants

32%

Undergraduates Receiving Financial Aid through Loans

77% of undergraduate students at University of Richmond received financial aid through grants or loans in 2024. This represents a growth of 2.67% with respect to 2023, when 75% 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.

Admissions

University of Richmond received 16,152 undergraduate applications in 2024, which represents a 6.82% annual growth. Out of those 16,152 applicants, 3,585 students were accepted for enrollment, representing a 22.2% acceptance rate.

There were 3,722 students enrolled at University of Richmond in 2024. 19% of first-time enrollees submitted SAT scores with their applications.

University of Richmond has an overall enrollment yield of 23.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

22.2%

Acceptance Rate in 2024

3,585

Accepted Out of 16,152

In 2024, the undergraduate acceptance rate of University of Richmond was 22.2% (3,585 admissions from 16,152 applications). This is lower than the acceptance rate of 2023, which was 23.3%. Between 2023 and 2024, the number of applicants grew by 6.82%, while admissions grew by 1.7%.

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

19%

Submission Percentage (2024)

156

Scores Submitted (2024)

19% of enrolled first-time students at University of Richmond in 2024 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 3,722 students in 2024. The full-time enrollment at University of Richmond is 3,402 students and the part-time enrollment is 320. This means that 91.4% of students enrolled at University of Richmond are enrolled full-time.

The enrolled student population at University of Richmond, both undergraduate and graduate, is 61.3% White, 8.52% Hispanic or Latino, 6.64% Black or African American, 5.8% Asian, 4.19% Two or More Races, and 0.0269% American Indian or Alaska Native.

Students enrolled at University of Richmond in full-time Undergraduate programs are most commonly White Female (31.4%), followed by White Male (28.6%) and Hispanic or Latino Female (6.18%). Students enrolled in full-time Graduate programs are most commonly White Female (39.1%), followed by White Male (28.2%) and Hispanic or Latino Female (5.76%).

Full-Time vs Part-Time Enrollment

91.4%

Full-Time Enrollment

The total enrollment at University of Richmond in 2024, both undergraduate and graduate, is 3,722 students. The full-time enrollment at University of Richmond is 3,402 and the part-time enrollment is 320. This means that 91.4% of students enrolled at University of Richmond are enrolled full-time compared with 78.9% 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

91%

2024 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 91%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), 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 (2024)

White
2,280 enrolled students
Hispanic or Latino
317 enrolled students
Black or African American
247 enrolled students

The enrolled student population at University of Richmond is 61.3% White, 8.52% Hispanic or Latino, 6.64% Black or African American, 5.8% Asian, 4.19% Two or More Races, and 0.0269% 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 Baccalaureate Colleges is 50.5% White, 15.6% Hispanic or Latino, and 13.2% 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, 102 students (2.74%) did not report their race.

Graduates

In 2024, 214 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 (793 degrees awarded). There were 6.24 times more white recipients than the next closest race/ethnicity group, hispanic or latino (127 degrees).

The most common Bachelor's Degree concentration at University of Richmond is General Business Administration & Management (249 degrees awarded), followed by Econometrics & Quantitative Economics (65 degrees) and Organizational Behavior Studies (61 degrees).

In 2024, 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 (168 degrees awarded), Cultural & Gender Studies (18 degrees), and English (38 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 University of Richmond are Lawyers, & judges, magistrates, & other judicial workers (423,150 people), Other managers (331,606 people), Elementary & middle school teachers (239,196 people), Postsecondary teachers (173,076 people), and Chief executives & legislators (149,418 people).

The most specialized majors at University of Richmond in 2024 are Legal (168 degrees awarded), Cultural & Gender Studies (18 degrees), English (38 degrees), Interdisciplinary Studies (97 degrees), and Social Sciences (114 degrees) (as of 2024).

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, Logisticians, Economists, Securities, commodities, & financial services sales agents, and Media and communication workers, all other

The most specialized majors at University of Richmond are Legal (168 degrees awarded), Cultural & Gender Studies (18 degrees), English (38 degrees), Interdisciplinary Studies (97 degrees), and Social Sciences (114 degrees) (as of 2024).

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 (600,818 people), Colleges, universities & professional schools, including junior colleges (407,365 people), Legal services (354,908 people), Computer Systems Design (269,924 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (243,294 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 (2024)

General Business Administration & Management
249 degrees awarded
Econometrics & Quantitative Economics
65 degrees awarded
Organizational Behavior Studies
61 degrees awarded

In 2024, the most common bachelors degree concentration at University of Richmond was General Business Administration & Management with 249 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

522

Degrees Awarded to Men

in 2024

736

Degrees Awarded to Women

in 2024

In 2024, 522 degrees were awarded to men at University of Richmond, which is 0.709 times less than the number of degrees awarded to females (736).

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

Most Common Male Majors

In 2024, 157 degrees were awarded to men at University of Richmond in General Business Administration & Management, which is 1.3 times more than the 121 female recipients with that same degree.

Most Common Female Majors

In 2024, 121 degrees were awarded to men at University of Richmond in General Business Administration & Management, which is 0.771 times less than the 157 male recipients with that same degree.

Time to Complete

83%

100% Completion Time

88%

150% Completion Time

In 2024, 83% 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.

Black or African American Male

Highest Graduation Rate (95.7%)

The student demographic with the highest graduation rate in 2024 at University of Richmond is Male and Black or African American (95.7% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (75.5%).

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, 4.38% of graduates (31 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
793 degrees awarded
Hispanic or Latino
127 degrees awarded
Asian
80 degrees awarded

The most common race/ethnicity at University of Richmond is white (793 degrees awarded). There were 6.24 times more white recipients than the next closest race/ethnicity group, hispanic or latino (127 degrees).

1.67% of degree recipients (21 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
544 degrees awarded
White Female
524 degrees awarded
White Female
505 degrees awarded

The most common race/ethnicity and sex grouping at University of Richmond is white female (544 degrees awarded). There were 1.04 times more white female recipients than the next closest race/ethnicity group, white female (524 degrees).

Operations

University of Richmond has an endowment valued at nearly $3.25B, as of the end of the 2024 fiscal year. The return on its endowment was of 223M (6.88%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

In 2024, University of Richmond had a total salary expenditure of 372M. University of Richmond employs 144 Professors, 133 Associate professors and 78 Assistant professors. Most academics at University of Richmond are Male Professor (80), Male Associate professor (68), and Female Associate professor (65).

The most common positions for non-instructional staff at University of Richmond are: Service, with 308 employees, Office and Administrative Support, with 185 employees, and Business and Financial Operations with 170 employees.

Endowment

$3.25B

2024 Endowment

3.02%

growth from 2023

University of Richmond has an endowment valued at about $3.25B, as of the end of the 2024 fiscal year. The endowment of University of Richmond grew 3.02% from the previous year. The value of their endowment was $3.2B 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

$168M

2024 Salaries

6.91%

growth from 2023

In 2024, University of Richmond paid a median of $168M in salaries, which represents 45.1% of their overall expenditure ($372M) and a 6.91% growth from the previous year. This is compared to a 10.5% growth between 2022 and 2023, and a 0.35% growth between 2021 and 2022.

Instructional Salaries

$63.2M

Instructional Salaries

459

Number of Employees

In 2024, University of Richmond paid a total of $63.2M to 459 employees working as instructors, which represents 37.6% of all salaries paid.

This is compared to a median of $522k (3.48%) for similar Baccalaureate Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at University of Richmond were Service with 308 employees, Office and Administrative Support with 185 employees, and Business and Financial Operations with 170 employees.

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