Economics at Cleveland State University
Bachelor's Degree
Analysis
Cleveland State's economics program starts graduates at $44,759—well below both the national median ($51,722) and Ohio's median ($51,536) for economics degrees. That's a meaningful gap: this program ranks in just the 23rd percentile nationally and 40th percentile within Ohio, where stronger programs at Cincinnati, Miami, and even private schools like John Carroll see initial earnings $13,000-$20,000 higher. For a family weighing tuition investments, that starting salary difference compounds over time.
The upside is manageable debt. At $32,500, graduates here borrow about $10,000 more than the typical Ohio economics major, but the 0.73 debt-to-earnings ratio remains reasonable—students earn enough in year one to service loans without financial strain. The 34% earnings growth to nearly $60,000 by year four also shows the degree has trajectory, eventually catching closer to competitive programs' starting points.
The practical read: this is an accessible path to an economics degree at an open-admission university serving a high proportion of Pell-eligible students, but it doesn't deliver the immediate earning power of Ohio's stronger programs. If your child is choosing Cleveland State for location or affordability reasons, the economics major won't saddle them with crushing debt. But if they're comparing offers from Cincinnati or Miami, those programs show notably stronger returns from day one.
Where Cleveland State University Stands
Earnings vs. debt across all economics bachelors's programs nationally
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 Cleveland State University graduates compare to all programs nationally
Cleveland State University graduates earn $45k, placing them in the 23th percentile of all economics 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 Ohio
Economics bachelors's programs at peer institutions in Ohio (42 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Cleveland State University | $44,759 | $59,894 | $32,500 | 0.73 |
| John Carroll University | $65,098 | $67,845 | $27,000 | 0.41 |
| Oberlin College | $61,713 | $64,495 | $25,000 | 0.41 |
| University of Cincinnati-Main Campus | $58,590 | $70,663 | $21,264 | 0.36 |
| Kenyon College | $58,082 | $75,347 | $18,718 | 0.32 |
| Miami University-Oxford | $57,379 | $80,452 | $25,500 | 0.44 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in Ohio
Compare tuition, earnings, and debt across Ohio schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| John Carroll University University Heights | $49,100 | $65,098 | $27,000 |
| Oberlin College Oberlin | $64,646 | $61,713 | $25,000 |
| University of Cincinnati-Main Campus Cincinnati | $13,570 | $58,590 | $21,264 |
| Kenyon College Gambier | $69,330 | $58,082 | $18,718 |
| Miami University-Oxford Oxford | $17,809 | $57,379 | $25,500 |
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 Cleveland State 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.
Sample Size: Based on 31 graduates with reported earnings and 43 graduates with debt data. Small samples may not be representative.