Median Earnings (1yr)
$30,726
40th percentile (40th in MN)
Median Debt
$17,929
28% below national median
Debt-to-Earnings
0.58
Manageable
Sample Size
35
Adequate data

Analysis

At a highly selective liberal arts college charging premium tuition, Carleton's biology graduates start behind less prestigious Minnesota public universities—earning $30,726 in year one compared to $44,166 at Saint Cloud State and $42,128 at Metropolitan State. This isn't a close call: Carleton biology grads are making $10,000+ less than peers from regional state schools, despite SAT scores averaging 1491 and an admission rate under 22%. The program sits at just the 40th percentile both nationally and within Minnesota, meaning 60% of comparable biology programs deliver better immediate outcomes.

The debt picture offers some consolation—at $17,929, it's considerably lighter than the state median of $25,499. Strong 33% earnings growth by year four brings graduates to $40,859, which helps close the gap with state school peers. But that's still catching up from a low base, and parents should question why they're paying Carleton's premium when public alternatives deliver stronger returns from day one. The biology degree here appears designed for students heading to graduate school or research programs rather than those seeking immediate career earnings.

For families not needing the Carleton brand for grad school admission or who are cost-conscious, Minnesota's public universities demonstrate materially better value in this specific field. The low debt prevents this from being a financial disaster, but it's hard to justify the investment gap when outcomes trail more affordable options by such wide margins.

Where Carleton College Stands

Earnings vs. debt across all biology bachelors's programs nationally

Carleton CollegeOther biology programs

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 Carleton College graduates compare to all programs nationally

Carleton College graduates earn $31k, placing them in the 40th percentile of all biology bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Minnesota

Biology bachelors's programs at peer institutions in Minnesota (31 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carleton College$30,726$40,859$17,9290.58
Saint Cloud State University$44,166$57,880$24,4500.55
Metropolitan State University$42,128$50,242$28,6190.68
St Catherine University$40,937—$27,0000.66
University of Minnesota-Morris$40,415$43,278$18,5000.46
Winona State University$38,666$60,023$22,6650.59
National Median$32,316—$25,0000.77

Other Biology Programs in Minnesota

Compare tuition, earnings, and debt across Minnesota schools

SchoolIn-State TuitionEarnings (1yr)Debt
Saint Cloud State University
Saint Cloud
$10,117$44,166$24,450
Metropolitan State University
Saint Paul
$9,780$42,128$28,619
St Catherine University
Saint Paul
$49,758$40,937$27,000
University of Minnesota-Morris
Morris
$14,288$40,415$18,500
Winona State University
Winona
$10,498$38,666$22,665

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 Carleton College, 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.

Sample Size: Based on 35 graduates with reported earnings and 40 graduates with debt data. Small samples may not be representative.