Analysis
Among the 38 Massachusetts schools offering economics degrees, Amherst's program sits at the very topβ95th percentile for earningsβwith first-year graduates earning $90,568 compared to the state median of $57,299. That's a $33,000 premium right out of the gate, positioning Amherst just behind Harvard and ahead of elite competitors like Williams and Tufts. Four years out, earnings jump to $127,636, a 41% increase that suggests strong career trajectory. The debt picture is equally impressive: $16,662 is roughly one-third of the state median and creates a debt-to-earnings ratio of just 0.18, meaning graduates could theoretically pay off their loans in about two months of work.
The catch? This data comes from fewer than 30 graduates, so individual outcomes may vary more than these medians suggest. Still, the pattern aligns with what you'd expect from one of the nation's most selective liberal arts colleges (10% admission rate, 1494 average SAT). For families who can afford Amherst or secure sufficient financial aid, this represents a low-risk investment with strong earning potential from day one.
Where Amherst College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Amherst College graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Amherst College | $90,568 | $127,636 | +41% |
| Harvard University | $103,993 | $124,570 | +20% |
| Williams College | $80,888 | $115,082 | +42% |
| Tufts University | $75,125 | $105,444 | +40% |
| College of the Holy Cross | $69,288 | $96,461 | +39% |
Compare to Similar Programs in Massachusetts
Economics bachelors's programs at peer institutions in Massachusetts (38 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $67,280 | $90,568 | $127,636 | $16,662 | 0.18 | |
| $59,076 | $103,993 | $124,570 | $6,617 | 0.06 | |
| $64,320 | $86,367 | $91,749 | $11,190 | 0.13 | |
| $64,860 | $80,888 | $115,082 | $12,925 | 0.16 | |
| $67,844 | $75,125 | $105,444 | $17,850 | 0.24 | |
| $67,680 | $72,099 | $93,934 | $18,000 | 0.25 | |
| National Median | β | $51,722 | β | $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 Amherst College, approximately 22% 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.
Sample Size: Based on 29 graduates with reported earnings and 23 graduates with debt data. Small samples may not be representative.