Analysis
Columbia's economics program produces graduates who immediately out-earn 95% of their peers nationally and statewide—starting at $83,000 and climbing to $117,000 by year four. That's 60% above the New York state median for economics majors and more than double what the typical economics graduate earns nationally. Among New York's elite liberal arts colleges and Ivies, Columbia effectively ties with Barnard and Cornell for top earnings, making it one of the state's premier launching pads for economics careers.
The $25,000 in median debt is remarkably manageable given these outcomes—the debt-to-earnings ratio of 0.30 means graduates owe less than four months of their first-year salary. The 41% earnings growth over four years suggests graduates are moving into higher-level positions quickly, likely in finance, consulting, and tech sectors where Columbia's New York location and alumni network provide substantial advantages.
For families who can navigate Columbia's 4% admission rate, this program represents an exceptional return. The combination of top-tier starting salaries, strong earnings trajectory, and contained debt makes it one of the country's most valuable economics degrees. Even with Columbia's selective admissions and the challenges of New York City costs, graduates leave with both prestigious credentials and immediate earning power that justifies the investment.
Where Columbia University in the City of New York Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Columbia University in the City of New York 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 |
|---|---|---|---|
| Columbia University in the City of New York | $83,135 | $117,355 | +41% |
| Cornell University | $84,967 | $107,248 | +26% |
| Colgate University | $77,274 | $103,456 | +34% |
| 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 |
|---|---|---|---|---|---|
| $69,045 | $83,135 | $117,355 | $25,000 | 0.30 | |
| $66,246 | $85,860 | $103,309 | $16,750 | 0.20 | |
| $66,014 | $84,967 | $107,248 | $15,500 | 0.18 | |
| $67,805 | $79,845 | $81,561 | $19,000 | 0.24 | |
| $67,024 | $77,274 | $103,456 | $17,500 | 0.23 | |
| $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 Columbia University in the City of New York, approximately 23% 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 157 graduates with reported earnings and 129 graduates with debt data. Small samples may not be representative.