Analysis
Carnegie Mellon's elite reputation doesn't show up in these estimated figures. First-year earnings around $48,800—based on typical mathematics bachelor's programs across Pennsylvania—land right at the state median, trailing far behind what graduates from Villanova, Swarthmore, and Drexel reportedly earn. For a school with an 11% admission rate and average SAT scores of 1545, this suggests either that mathematics graduates are pursuing paths where initial earnings don't reflect long-term value (graduate school, research positions), or that the small sample size preventing actual data publication means we're missing important program-specific outcomes.
The estimated debt of roughly $26,000 is manageable given the earnings floor, yielding a debt-to-earnings ratio of 0.53. But here's the tension: families paying for Carnegie Mellon typically aren't aiming for median outcomes. The school's mathematics program likely serves students heading to PhD programs or quantitative finance roles where compensation accelerates sharply—trajectories that don't appear in first-year earnings data.
Without actual graduate outcomes from this specific program, you're essentially betting on Carnegie Mellon's brand and network rather than documented returns. If your student plans to work immediately after graduation, these estimates suggest the premium might not materialize right away. If graduate school or a competitive quantitative career is the goal, the calculation changes entirely—but you're making that investment without concrete evidence of where this particular program's graduates actually land.
Where Carnegie Mellon University Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Pennsylvania
Mathematics bachelors's programs at peer institutions in Pennsylvania (74 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $63,829 | $48,800* | — | $25,990* | — | |
| $64,701 | $75,481* | $84,324 | $25,454* | 0.34 | |
| $62,412 | $72,656* | — | —* | — | |
| $60,663 | $70,313* | $81,966 | $30,899* | 0.44 | |
| $22,082 | $59,167* | $54,614 | $22,500* | 0.38 | |
| $47,146 | $49,314* | $62,639 | $26,940* | 0.55 | |
| 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 Carnegie Mellon University, approximately 15% 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 12 similar programs in PA. Actual outcomes may vary.