Median Earnings (1yr)
$52,593
66th percentile (60th in WI)
Median Debt
$27,000
26% above national median
Debt-to-Earnings
0.51
Manageable
Sample Size
17
Limited data

Analysis

Carthage College's mathematics program shows promising results, though the limited graduate sample means these numbers could shift significantly year to year. Starting at $52,593, graduates earn more than the Wisconsin median for math majors ($50,285) and rank in the 60th percentile statewide—respectable performance for a small liberal arts college with an 84% admission rate. More importantly, debt loads are exceptionally low: $27,000 sits well below both state ($23,642) and national ($21,500) medians, and that 0.51 debt-to-earnings ratio means graduates owe roughly half their first-year salary.

The trajectory looks solid, with earnings climbing to $60,583 by year four—a 15% increase that keeps pace with career growth expectations. While this trails UW-Madison's $67,744 substantially, it's competitive with Saint Norbert and ahead of several UW system campuses. For families considering Carthage's intimate campus environment, the math program delivers without burying students in debt.

The caveat here matters: fewer than 30 graduates means one exceptional cohort or career outcome can skew these figures dramatically. If your child is drawn to Carthage specifically, this data suggests the math program won't handicap their earning potential, but confirm current placement patterns with the department directly given the sample size limitations.

Where Carthage College Stands

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

Carthage CollegeOther mathematics 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 Carthage College graduates compare to all programs nationally

Carthage College graduates earn $53k, placing them in the 66th percentile of all mathematics 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 Wisconsin

Mathematics bachelors's programs at peer institutions in Wisconsin (30 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carthage College$52,593$60,583$27,0000.51
University of Wisconsin-Madison$67,744$83,357$20,5000.30
University of Wisconsin-Milwaukee$56,284$71,400$27,0000.48
Saint Norbert College$52,644—$27,0000.51
University of Wisconsin-Whitewater$50,285$53,677$22,2480.44
University of Wisconsin-La Crosse$49,651$65,134$23,0000.46
National Median$48,772—$21,5000.44

Other Mathematics Programs in Wisconsin

Compare tuition, earnings, and debt across Wisconsin schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Wisconsin-Madison
Madison
$11,205$67,744$20,500
University of Wisconsin-Milwaukee
Milwaukee
$10,020$56,284$27,000
Saint Norbert College
De Pere
$44,432$52,644$27,000
University of Wisconsin-Whitewater
Whitewater
$8,250$50,285$22,248
University of Wisconsin-La Crosse
La Crosse
$9,651$49,651$23,000

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.

Sample Size: Based on 17 graduates with reported earnings and 20 graduates with debt data. Small samples may not be representative.