Analysis
Bowdoin's economics program launches graduates into strong earning positions—$75,867 in the first year—though it trails Colby's program by a small margin among Maine's elite liberal arts colleges. The real story emerges in the comparison to national economics programs, where Bowdoin ranks in the 95th percentile, demonstrating that its highly selective admissions and academic rigor translate into genuine marketplace advantage. With debt under $20,000, graduates face a manageable 0.26 debt-to-earnings ratio, meaning they'd need less than four months of gross income to clear their student loans.
The 60th percentile ranking within Maine initially seems modest, but context matters: the state has only five economics programs, and Bowdoin significantly outpaces Maine's public universities while competing closely with Bates and Colby. Earnings growth of 17% by year four suggests graduates are advancing steadily into more lucrative positions. The moderate sample size provides reasonable confidence in these figures without raising concerns about statistical noise.
For families who can manage the competitive admissions process and the private college price tag before financial aid, this represents a sound investment. Graduates enter the workforce with minimal debt burden and earnings that exceed three-quarters of economics programs nationwide—a combination that provides financial breathing room for graduate school, housing, or other post-college goals.
Where Bowdoin College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Bowdoin 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 |
|---|---|---|---|
| Bowdoin College | $75,867 | $88,368 | +16% |
| Duke University | $98,649 | $153,139 | +55% |
| Colby College | $76,401 | $102,153 | +34% |
| Bates College | $71,187 | $90,762 | +27% |
| University of Maine | $46,159 | $62,824 | +36% |
Compare to Similar Programs in Maine
Economics bachelors's programs at peer institutions in Maine (5 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $64,910 | $75,867 | $88,368 | $19,500 | 0.26 | |
| $66,600 | $76,401 | $102,153 | $24,250 | 0.32 | |
| $63,478 | $71,187 | $90,762 | $13,000 | 0.18 | |
| $10,920 | $49,173 | — | $12,996 | 0.26 | |
| $12,606 | $46,159 | $62,824 | $22,984 | 0.50 | |
| 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 Bowdoin College, approximately 16% 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 36 graduates with debt data. Small samples may not be representative.