Median Earnings (1yr)
$70,785
95th percentile
Median Debt
$22,625
At national median
Debt-to-Earnings
0.32
Manageable
Sample Size
33
Adequate data

Analysis

At one of America's most selective liberal arts colleges, Davidson's economics certificate produces outcomes that easily justify its modest debt load. Students start at nearly $71,000—already matching the national median for this credential—and climb to almost $90,000 within four years, representing solid 27% growth that suggests the Davidson brand opens doors in competitive fields.

The 0.32 debt-to-earnings ratio tells the real story here: graduates owe roughly one-third of their starting salary, a manageable burden that's better than 95% of programs nationally. This matters especially given Davidson's prestige—students are getting selective-college access without the crushing debt often associated with elite institutions. The 60th percentile ranking among North Carolina programs is somewhat misleading since only two schools in the state offer this certificate, making statewide comparisons less meaningful.

The moderate sample size (30-100 graduates) suggests this is a niche credential rather than Davidson's flagship economics offering, likely serving students who want economics training alongside another major. But the financial fundamentals are sound: low debt, strong starting salaries, and meaningful earnings progression create a low-risk path into economics-related careers. For families already considering Davidson, this certificate represents an affordable way to add valuable quantitative credentials.

Where Davidson College Stands

Earnings vs. debt across all economics certificate's programs nationally

Davidson CollegeOther economics programs

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 Davidson College graduates compare to all programs nationally

Davidson College graduates earn $71k, placing them in the 95th percentile of all economics certificate programs nationally.

Compare to Similar Programs in North Carolina

Economics certificate's programs at peer institutions in North Carolina (2 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Davidson College$70,785$89,929$22,6250.32
National Median$70,785—$22,6250.32

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 Davidson College, approximately 17% 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.