Analysis
Butler's economics program shows a challenging debt picture relative to what similar programs typically deliver. With an estimated $26,938 in student loans—higher than both the state median of $23,377 and national median of $22,816 for economics degrees—graduates face immediate financial pressure. That debt level becomes more concerning when measured against estimated first-year earnings of $57,962, producing a debt-to-earnings ratio of 0.46 that suggests nearly half a year's salary goes toward repayment.
The earnings trajectory offers some reassurance. By year four, comparable Indiana economics programs see median earnings reach $65,104, demonstrating solid income growth that helps offset the initial debt burden. Butler's position in the middle of Indiana's economics offerings—below Notre Dame's $76,299 and DePauw's $63,395 but comparable to major state universities—suggests the program delivers competitively, though at private school prices. The 86% admission rate and limited Pell enrollment (14%) indicate this is primarily serving middle-to-upper-income families who may have additional resources for college costs.
The bottom line: if your family can reduce that debt load through savings or scholarships, Butler's economics program appears to follow typical patterns for the state. But at full borrowing, you're starting behind many peer programs with higher debt and similar earning potential, which matters significantly in those crucial first years after graduation.
Where Butler University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Butler University | — | $65,104 | — |
| University of Notre Dame | $76,299 | $100,568 | +32% |
| DePauw University | $63,395 | $87,437 | +38% |
| Indiana University-Bloomington | $59,142 | $74,866 | +27% |
| Hanover College | $45,740 | $65,657 | +44% |
Compare to Similar Programs in Indiana
Economics bachelors's programs at peer institutions in Indiana (28 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $45,980 | $57,962* | $65,104 | $26,938* | — | |
| $62,693 | $76,299* | $100,568 | $19,965* | 0.26 | |
| $57,070 | $63,395* | $87,437 | $26,978* | 0.43 | |
| $9,992 | $59,187* | $65,456 | $24,700* | 0.42 | |
| $11,790 | $59,142* | $74,866 | $20,500* | 0.35 | |
| $10,758 | $56,782* | — | $22,054* | 0.39 | |
| 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 Butler University, approximately 14% 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 8 similar programs in IN. Actual outcomes may vary.