Analysis
The estimated $25,800 debt load for this economics degree lands squarely in the middle range for Minnesota programs, though graduates here are competing against stronger earners from nearby schools. Similar Minnesota economics programs suggest first-year earnings around $56,570, which matches the state median but trails the top performers in the Twin Cities metro area by $5,000 to $10,000. That gap matters when your degree costs the same but your starting salary doesn't keep pace with what employers pay Carleton or St. Thomas graduates.
The 0.46 debt-to-earnings ratio looks manageable on paperβpeer programs indicate graduates could reasonably expect to manage their debt on a typical starting salary. But context matters: College of Saint Benedict's 91% admission rate and modest test scores suggest students here aren't necessarily competing for the same roles as those from more selective Minnesota programs. Economics degrees are portable credentials, yet the local market concentration in Minneapolis-St. Paul means your network and internship access during school significantly impact where you land after graduation.
For families weighing this choice, the debt burden appears reasonable based on comparable Minnesota programs, but you're banking on outcomes that match state averages without the competitive advantages that come with more selective programs. If your child has admission options at University of Minnesota or the higher-earning private colleges nearby, those reported outcomes suggest better returns for similar investment.
Where College of Saint Benedict Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Minnesota
Economics bachelors's programs at peer institutions in Minnesota (23 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $53,884 | $56,570* | β | $25,800* | β | |
| $65,457 | $66,567* | $83,775 | $19,500* | 0.29 | |
| $49,758 | $64,916* | β | $30,215* | 0.47 | |
| $52,284 | $60,323* | $68,704 | $24,600* | 0.41 | |
| $64,908 | $59,752* | $83,794 | $24,000* | 0.40 | |
| $16,488 | $56,902* | $76,116 | $21,500* | 0.38 | |
| 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 College of Saint Benedict, approximately 19% 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 10 similar programs in MN. Actual outcomes may vary.