Analysis
Bates College's mathematics program reflects a puzzling disconnect between the institution's highly selective profile and the estimated outcomes for this degree. With an admission rate of just 13% and average SAT scores of 1446, this is clearly an elite liberal arts college—yet comparable math programs nationally suggest first-year earnings around $48,800, which sits at the national median. That's roughly half what Bowdoin, Maine's other elite liberal arts college, reports for its math graduates ($90,200). Whether this gap reflects differences in career paths chosen by graduates (more pursuing graduate school, teaching, or public service), geographical employment patterns, or simply the limitations of small-sample estimation is impossible to determine from the available data.
The estimated debt load of $21,750 keeps the debt-to-earnings ratio reasonable at 0.45, meaning graduates would owe less than half their first-year salary. That's manageable by most standards, though only 10% of students receive Pell grants, suggesting many families here may have resources beyond loans to finance the degree. For a family paying out of pocket or taking on private debt beyond federal loans, the value equation becomes more complex.
The takeaway: if your child is considering Bates for math, the ROI hinges heavily on post-graduation plans and whether the liberal arts environment supports those goals. The national benchmarks suggest modest early earnings, but Bates graduates may be optimizing for different outcomes than immediate salary—a choice that needs to align with your family's financial situation and your child's specific career vision.
Where Bates College Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Maine
Mathematics bachelors's programs at peer institutions in Maine (9 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $63,478 | $48,772* | — | $21,750* | — | |
| $64,910 | $90,213* | — | —* | — | |
| 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 Bates College, approximately 10% 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 national median of 253 similar programs. Actual outcomes may vary.