Analysis
Colorado School of Mines stands out for engineering excellence, but its Economics program—based on comparable Colorado programs—suggests outcomes that lag behind what you might expect from such a selective institution. With estimated first-year earnings around $51,500 and debt near $23,400, this lands squarely at the state median for economics degrees. That's a manageable 0.45 debt-to-earnings ratio, but Colorado College's economics graduates earn roughly $6,500 more their first year, and even CU Boulder matches these figures while drawing from a broader student pool.
The puzzle here is whether a degree from Mines—with its 1403 average SAT and strong STEM reputation—translates differently for economics majors than these estimates suggest. The school's engineering and technical focus might actually strengthen economics graduates' analytical credentials and career prospects in ways that peer program data can't capture. Or it might mean that economics students at Mines face a campus culture and recruiting pipeline optimized for other fields entirely.
For parents weighing this choice: you're looking at financially reasonable outcomes if the estimates hold, but nothing that justifies choosing Mines over peer schools unless your student specifically wants the technical rigor and STEM environment this campus offers. The real value proposition depends on factors these peer-based numbers can't reveal—whether Mines' quantitative approach creates opportunities beyond what typical economics programs deliver.
Where Colorado School of Mines Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Colorado
Economics bachelors's programs at peer institutions in Colorado (13 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $21,186 | $51,521* | — | $23,400* | — | |
| $67,932 | $58,082* | $79,354 | $18,250* | 0.31 | |
| $10,017 | $56,201* | $65,621 | $23,049* | 0.41 | |
| $11,083 | $53,403* | — | —* | — | |
| $16,430 | $51,521* | $65,987 | $17,119* | 0.33 | |
| $12,896 | $48,462* | $61,513 | $24,000* | 0.50 | |
| 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 Colorado School of Mines, 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.
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 7 similar programs in CO. Actual outcomes may vary.