Economics at Amherst College
Bachelor's Degree
Analysis
Among the 38 Massachusetts schools offering economics degrees, Amherst's program sits at the very top—95th percentile for earnings—with 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
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Amherst College graduates compare to all programs nationally
Amherst College graduates earn $91k, placing them in the 95th percentile of all economics bachelors programs nationally.
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.
Compare to Similar Programs in Massachusetts
Economics bachelors's programs at peer institutions in Massachusetts (38 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Amherst College | $90,568 | $127,636 | $16,662 | 0.18 |
| Harvard University | $103,993 | $124,570 | $6,617 | 0.06 |
| Wellesley College | $86,367 | $91,749 | $11,190 | 0.13 |
| Williams College | $80,888 | $115,082 | $12,925 | 0.16 |
| Tufts University | $75,125 | $105,444 | $17,850 | 0.24 |
| Boston College | $72,099 | $93,934 | $18,000 | 0.25 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in Massachusetts
Compare tuition, earnings, and debt across Massachusetts schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Harvard University Cambridge | $59,076 | $103,993 | $6,617 |
| Wellesley College Wellesley | $64,320 | $86,367 | $11,190 |
| Williams College Williamstown | $64,860 | $80,888 | $12,925 |
| Tufts University Medford | $67,844 | $75,125 | $17,850 |
| Boston College Chestnut Hill | $67,680 | $72,099 | $18,000 |
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.