Analysis
Comparable mathematics programs in Michigan suggest first-year earnings around $48,000—putting this program right at the state median and close to the national benchmark of $49,000. With estimated debt of $21,750, graduates would face a debt-to-earnings ratio of 0.45, meaning their total loans equal about 5 months of that first year's salary. That's a manageable financial position, though notably better-funded institutions like University of Michigan produce mathematics graduates earning nearly $81,000 their first year out.
The real question is whether a smaller liberal arts college environment justifies potentially lower earning trajectories compared to larger research universities. The estimated figures here track closely with what Michigan State graduates actually earn, suggesting Alma's mathematics program delivers competitive preparation despite its size. However, mathematics is a field where institutional reputation and research opportunities can significantly impact career paths—particularly for students considering graduate school or competitive tech positions.
For families comfortable with moderate debt and prioritizing a close-knit college experience, these estimates suggest reasonable value. But if maximizing early earnings is the priority, and your student has the academic profile for Michigan's flagship programs, the earnings gap—potentially $30,000+ annually—deserves serious consideration. The math here works, but it's not a standout financial proposition.
Where Alma College Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Michigan
Mathematics bachelors's programs at peer institutions in Michigan (31 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $47,430 | $47,951* | — | $21,750* | — | |
| $17,228 | $80,676* | $97,139 | $21,589* | 0.27 | |
| $15,988 | $47,951* | $54,324 | $21,500* | 0.45 | |
| $14,628 | $45,349* | $46,279 | $27,000* | 0.60 | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
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 Alma College, approximately 21% 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 3 similar programs in MI. Actual outcomes may vary.