Analysis
Carthage's chemistry program graduates earn $45,188 in their first year—better than the national median but trailing most Wisconsin chemistry programs by a meaningful margin. While that 70th percentile national ranking sounds impressive, the 40th percentile state ranking tells the more relevant story: graduates here earn about $3,700 less than Wisconsin's median chemistry graduate, and lag behind every UW system school except Milwaukee. For families paying in-state tuition rates at UW institutions, that gap matters.
The debt picture offers some consolation. At $27,000, graduates carry slightly more debt than both state and national medians, but the 0.60 debt-to-earnings ratio remains manageable—substantially better than most bachelor's programs. Chemistry's strong earning potential relative to the borrowing required makes this fundamentally workable debt, even if earnings don't match what other Wisconsin programs deliver.
The catch: these numbers come from fewer than 30 graduates, making them statistically unstable. A few high or low earners can swing the average significantly. For families considering Carthage specifically for chemistry, the real question is whether the smaller liberal arts environment justifies earning 7-8% less than you'd make graduating from a UW campus. If your student needs that setting to thrive academically, the earnings gap is narrow enough to justify. But purely as a financial investment in chemistry education, Wisconsin's public universities deliver stronger returns.
Where Carthage College Stands
Earnings vs. debt across all chemistry bachelors's programs nationally
Earnings Distribution
How Carthage College graduates compare to all programs nationally
Compare to Similar Programs in Wisconsin
Chemistry bachelors's programs at peer institutions in Wisconsin (28 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $36,500 | $45,188 | — | $27,000 | 0.60 | |
| $9,277 | $50,659 | $54,532 | $23,250 | 0.46 | |
| $8,315 | $49,386 | — | $26,000 | 0.53 | |
| $8,250 | $48,903 | $54,746 | $25,250 | 0.52 | |
| $11,205 | $48,886 | $62,892 | $26,043 | 0.53 | |
| $10,020 | $36,771 | $55,756 | — | — | |
| National Median | — | $42,581 | — | $24,000 | 0.56 |
Career Paths
Occupations commonly associated with chemistry graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Computer and Information Research Scientists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Chemists
Chemistry Teachers, Postsecondary
Environmental Science Teachers, Postsecondary
Physics Teachers, Postsecondary
Environmental Scientists and Specialists, Including Health
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 Carthage College, approximately 26% 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.