Analysis
Based on comparable economics programs in Tennessee, Carson-Newman's graduates can expect first-year earnings around $58,000βa figure that puts them right at the state median and notably above the national benchmark of $52,000. The estimated $19,500 in debt is manageable, creating a debt-to-earnings ratio of 0.34 that suggests graduates could realistically pay off loans within a few years if they prioritize repayment. While these figures are derived from peer programs rather than Carson-Newman's actual outcomes, they paint a picture of solid value for a private liberal arts economics degree.
The challenge lies in the range of outcomes across Tennessee. Elite programs like Vanderbilt command $84,000 starting salaries, while UT-Knoxville economics graduates reportedly start closer to $46,000. Where Carson-Newman falls on this spectrum depends heavily on factors the data can't captureβcareer services effectiveness, alumni networks in finance or consulting, and whether graduates stay in Tennessee or pursue opportunities in larger markets. The 39% Pell grant enrollment suggests the school serves a meaningful number of first-generation and lower-income students, making affordability particularly important.
For families weighing this investment, the estimated numbers suggest reasonable value if your student is committed to economics and attracted to Carson-Newman's Christian liberal arts environment. But given you're working with estimates, push the school for more granular placement data: where do their economics graduates actually land jobs, and what's the salary range?
Where Carson-Newman 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 |
|---|---|---|---|---|---|
| $34,700 | $58,173* | β | $19,500* | β | |
| $63,946 | $84,311* | $104,258 | $12,424* | 0.15 | |
| $53,698 | $58,532* | $65,318 | $24,798* | 0.42 | |
| $54,892 | $57,814* | β | $19,500* | 0.34 | |
| $13,484 | $46,302* | $65,281 | $21,650* | 0.47 | |
| National Median | β | $51,722* | β | $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 Carson-Newman University, approximately 39% 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.