Analysis
Economics degrees typically deliver strong returns, but the financial picture here depends heavily on what Michigan's smaller programs actually produce. Based on comparable economics programs statewide, Adrian graduates might expect around $49,200 in first-year earnings—right at Michigan's median but trailing the national benchmark of $51,700. The estimated $27,000 in debt sits above both state and national norms, creating a debt-to-earnings ratio of 0.55 that's workable but not particularly attractive for a field known for stronger financial outcomes.
The challenge is context: Michigan's top economics programs show what's possible in-state, with Michigan State and Grand Valley graduates earning over $54,000 and U-M Ann Arbor reaching $68,400. Adrian's 68% admission rate and modest SAT profile suggest it serves different students than these flagships, but peer programs in similar positions appear to produce outcomes that hover right at state medians rather than exceeding them. For a family weighing $27,000 in debt, the question becomes whether Adrian's specific environment—smaller classes, different career networks—compensates for what looks like middle-of-the-pack economic positioning.
The earnings trajectory matters enormously here. If Adrian's economics graduates follow typical patterns and see strong salary growth after year one, the initial debt becomes manageable quickly. But families should recognize they're making this decision with limited visibility into this program's actual track record, leaning instead on what similar Michigan programs tend to deliver.
Where Adrian College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Michigan
Economics bachelors's programs at peer institutions in Michigan (22 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $40,556 | $49,211* | — | $27,000* | — | |
| $17,228 | $68,416* | $87,800 | $19,690* | 0.29 | |
| $15,988 | $54,013* | $71,300 | $24,250* | 0.45 | |
| $14,628 | $53,985* | $58,840 | $27,000* | 0.50 | |
| $14,297 | $50,648* | $73,856 | $24,681* | 0.49 | |
| $14,944 | $49,665* | $70,842 | $28,381* | 0.57 | |
| National Median | — | $51,722* | — | $22,816* | 0.44 |
Career Paths
Occupations commonly associated with economics graduates
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Statisticians
Biostatisticians
Economics Teachers, Postsecondary
Market Research Analysts and Marketing Specialists
Search Marketing Strategists
Secondary School Teachers, Except Special and Career/Technical Education
Survey Researchers
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Adrian College, approximately 31% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 10 similar programs in MI. Actual outcomes may vary.