Analysis
Colgate economics graduates land in the top tier of New York programs, with first-year earnings of $77,274 placing them above every in-state competitor except three highly selective peers. That's $27,000 more than the median economics graduate in New York and $25,000 above the national benchmark—remarkable consistency at the 95th percentile both nationally and statewide. The $17,500 median debt, while higher than some elite schools that meet full demonstrated need, still represents just 23% of first-year earnings, a manageable burden by any measure.
The 34% earnings growth to $103,456 by year four suggests Colgate's network and credential continue paying dividends as graduates advance in their careers. While the 12% admission rate and 1480 average SAT indicate this isn't an easy admit, students who get in are accessing genuine economic mobility—even the modest Pell population (13%) appears to achieve similar outcomes. The moderate sample size means individual year variation is possible, but the data aligns with what you'd expect from a top liberal arts college with strong Wall Street and consulting pipelines.
For families weighing Colgate against larger state universities, the math is straightforward: you're paying a premium upfront but graduating with less debt and significantly higher earning potential than 95% of economics programs nationwide.
Where Colgate University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Colgate University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Colgate University | $77,274 | $103,456 | +34% |
| Columbia University in the City of New York | $83,135 | $117,355 | +41% |
| Cornell University | $84,967 | $107,248 | +26% |
| Barnard College | $85,860 | $103,309 | +20% |
| Hamilton College | $71,350 | $94,218 | +32% |
Compare to Similar Programs in New York
Economics bachelors's programs at peer institutions in New York (74 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $67,024 | $77,274 | $103,456 | $17,500 | 0.23 | |
| $66,246 | $85,860 | $103,309 | $16,750 | 0.20 | |
| $66,014 | $84,967 | $107,248 | $15,500 | 0.18 | |
| $69,045 | $83,135 | $117,355 | $25,000 | 0.30 | |
| $67,805 | $79,845 | $81,561 | $19,000 | 0.24 | |
| $65,740 | $71,350 | $94,218 | $18,250 | 0.26 | |
| National Median | — | $51,722 | — | $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 Colgate University, approximately 13% 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 52 graduates with reported earnings and 46 graduates with debt data. Small samples may not be representative.