Economics at Ball State University
Bachelor's Degree
Analysis
Ball State's economics program delivers solid national performance at $56,782 in first-year earnings—well above the national median of $51,722—but sits squarely in the middle of Indiana's competitive economics landscape. While this beats the typical economics graduate nationally by about 10%, it trails the state median and lags notably behind flagship programs like Purdue and IU (both near $59,000) and elite options like Notre Dame. Among Indiana's 28 economics programs, this ranks at the 40th percentile, meaning six out of ten in-state alternatives produce higher early earnings.
The debt picture offers genuine relief: $22,054 is manageable by any standard, creating a 0.39 debt-to-earnings ratio that most graduates can navigate comfortably. This translates to monthly payments around $250 on a standard 10-year plan—less than 6% of gross income. Ball State's 72% admission rate and substantial Pell population (34%) suggest this represents a solid outcome for students who might not access more selective programs.
For families considering Ball State economics, this is a financially safe choice that performs well nationally but doesn't compete with Indiana's strongest options. If your child can gain admission to Purdue, IU, or DePauw, those programs justify their likely higher upfront costs with meaningfully better earnings. But if Ball State represents the realistic admission tier, the combination of low debt and above-average national performance makes this a reasonable path into the field.
Where Ball State University 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 Ball State University graduates compare to all programs nationally
Ball State University graduates earn $57k, placing them in the 68th percentile of all economics bachelors programs nationally.
Compare to Similar Programs in Indiana
Economics bachelors's programs at peer institutions in Indiana (28 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Ball State University | $56,782 | — | $22,054 | 0.39 |
| University of Notre Dame | $76,299 | $100,568 | $19,965 | 0.26 |
| DePauw University | $63,395 | $87,437 | $26,978 | 0.43 |
| Purdue University-Main Campus | $59,187 | $65,456 | $24,700 | 0.42 |
| Indiana University-Bloomington | $59,142 | $74,866 | $20,500 | 0.35 |
| Wabash College | $51,815 | $64,767 | $27,000 | 0.52 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in Indiana
Compare tuition, earnings, and debt across Indiana schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of Notre Dame Notre Dame | $62,693 | $76,299 | $19,965 |
| DePauw University Greencastle | $57,070 | $63,395 | $26,978 |
| Purdue University-Main Campus West Lafayette | $9,992 | $59,187 | $24,700 |
| Indiana University-Bloomington Bloomington | $11,790 | $59,142 | $20,500 |
| Wabash College Crawfordsville | $49,125 | $51,815 | $27,000 |
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 Ball State University, approximately 34% 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 40 graduates with reported earnings and 38 graduates with debt data. Small samples may not be representative.