Analysis
Economics programs across Virginia show a $20,000 spread in first-year outcomes, and based on comparable programs in the state, Eastern Mennonite graduates likely land somewhere in the middle of that range. The estimated $54,643 starting salary aligns with Virginia's median for economics degrees, though it trails the flagship state schools and elite private institutions by $10,000 to $20,000. That gap matters less if your student is avoiding the crushing debt loads that often accompany more prestigious programs.
The estimated $23,399 in debt translates to a debt-to-earnings ratio of 0.43โlow enough to be manageable on an economics graduate's salary. Monthly loan payments would consume roughly 5-6% of gross income, leaving room for living expenses and savings. This assumes steady employment in an economics-related field, which isn't guaranteed but is more accessible than in many liberal arts majors. The real question is whether Eastern Mennonite's open-admission model and smaller alumni network will provide adequate career support to help graduates land those $50,000+ positions.
Here's the practical reality: you're looking at estimates drawn from peer programs because this school graduates too few economics majors for the Department of Education to report actual outcomes. That small cohort size could mean limited on-campus recruiting and fewer established pathways into finance, consulting, or government roles where economics degrees typically lead. If your student thrives in smaller settings and plans to pursue graduate school or has strong personal networks, the moderate debt makes this workable. Otherwise, the larger Virginia public universities offer more documented track records at similar price points.
Where Eastern Mennonite University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Virginia
Economics bachelors's programs at peer institutions in Virginia (28 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $41,860 | $54,643* | โ | $23,399* | โ | |
| $20,986 | $74,958* | $80,369 | $19,000* | 0.25 | |
| $64,525 | $71,737* | $110,050 | $23,399* | 0.33 | |
| $25,040 | $65,603* | $72,419 | $19,678* | 0.30 | |
| $13,576 | $62,286* | $86,390 | $18,575* | 0.30 | |
| $62,600 | $61,027* | $102,501 | $23,000* | 0.38 | |
| National Median | โ | $51,722* | โ | $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 Eastern Mennonite University, approximately 27% 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 12 similar programs in VA. Actual outcomes may vary.