Analysis
The estimated $58,000 first-year salary for economics graduates at Belmont looks competitive—it matches the Tennessee median and sits above the national benchmark of roughly $52,000. While we can't see actual outcomes for this specific cohort (the graduate sample was too small for the DOE to publish), similar economics programs across Tennessee consistently cluster in this range. What's particularly encouraging is the estimated debt load of $19,500, which comes in below both state and national medians. That 0.34 debt-to-earnings ratio suggests manageable repayment: roughly one-third of a year's salary in total borrowing.
However, the Tennessee market shows considerable variation. Vanderbilt economics graduates earn $84,000—nearly 50% more—though that reflects both the institution's selectivity and its Nashville job pipeline. Meanwhile, UT-Knoxville, despite being Tennessee's flagship public university, shows lower first-year earnings at $46,000, which suggests that economics outcomes depend heavily on the specific school's network and placement. Belmont's position in Nashville and its 96% admission rate place it in an interesting middle ground: accessible yet potentially well-connected to local employers.
For parents weighing this investment, the estimated numbers suggest reasonable value if your student is set on economics and wants Nashville connections. The modest debt burden provides breathing room even if actual outcomes vary from these peer-based projections. Just recognize that these figures represent what similar programs produce, not guaranteed outcomes from Belmont's specific program.
Where Belmont University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Tennessee
Economics bachelors's programs at peer institutions in Tennessee (16 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $41,320 | $58,173* | — | $19,500* | — | |
| $63,946 | $84,311* | $104,258 | $12,424* | 0.15 | |
| $53,698 | $58,532* | $65,318 | $24,798* | 0.42 | |
| $54,892 | $57,814* | — | $19,500* | 0.34 | |
| $13,484 | $46,302* | $65,281 | $21,650* | 0.47 | |
| National Median | — | $51,722* | — | $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 Belmont University, approximately 19% 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 4 similar programs in TN. Actual outcomes may vary.