Analysis
Based on similar mathematics programs across Indiana, first-year earnings around $59,000 would place this program squarely in the middle of the state's range—well above Purdue's reported $49,000 but nowhere near Rose-Hulman's $86,000 or Notre Dame's $65,000. The estimated debt load of $21,750 is modest enough to keep the debt-to-earnings ratio at a manageable 0.37, meaning less than four months of gross income would theoretically cover the borrowing.
What peer programs suggest is that Indiana math graduates tend to outperform the national median of $49,000, and if Earlham's outcomes track with state patterns, your child would likely start with a salary that creates reasonable financial breathing room. The difference between this program and Indiana's top performers matters, though—that $25,000 gap between Earlham's likely outcomes and Notre Dame's reported results compounds significantly over a career.
The practical question is whether Earlham's smaller class sizes and liberal arts environment justify potentially lower starting salaries than larger research universities nearby. The debt burden isn't alarming, but without actual graduate outcomes from this specific program, you're betting that Earlham's mathematics training will produce results consistent with the state average rather than tracking closer to the lower end. Ask the department directly about placement rates and where recent graduates have landed.
Where Earlham College Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Indiana
Mathematics bachelors's programs at peer institutions in Indiana (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $51,840 | $58,764* | — | $21,750* | — | |
| $56,674 | $85,977* | $96,973 | $25,000* | 0.29 | |
| $62,693 | $65,302* | $87,725 | $19,000* | 0.29 | |
| $11,790 | $59,277* | $74,190 | $22,000* | 0.37 | |
| $8,179 | $58,764* | $55,844 | $22,388* | 0.38 | |
| $9,992 | $49,387* | — | $18,820* | 0.38 | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
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 Earlham College, approximately 25% 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 IN. Actual outcomes may vary.