Economics at Furman University
Bachelor's Degree
Analysis
Furman's economics program produces graduates earning $55,615 their first year out—about $7,500 more than the typical South Carolina economics graduate and roughly $4,000 above the national median. That's a meaningful premium for a liberal arts college, putting graduates ahead of even flagship schools like USC-Columbia and Clemson. The debt load of $24,125 sits just above state and national averages, creating a debt-to-earnings ratio of 0.43 that suggests graduates can manage repayment without financial strain.
The caveat here is the small sample size—fewer than 30 graduates in the dataset. At a selective liberal arts college with relatively few economics majors, a couple of outliers heading to consulting or finance could skew the numbers upward. Still, the consistency across metrics (performing at the 60th percentile statewide and 63rd nationally) suggests the advantage is real, not statistical noise. With only 11% of students receiving Pell grants, most families here can likely absorb the debt without hardship.
For parents paying Furman's premium tuition, these outcomes justify the investment better than many liberal arts programs do. Your child would graduate earning more than peers at larger state universities while carrying manageable debt—a solid foundation for graduate school or early career advancement.
Where Furman University Stands
Earnings vs. debt across all economics bachelors's programs nationally
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 Furman University graduates compare to all programs nationally
Furman University graduates earn $56k, placing them in the 63th percentile of all economics bachelors programs nationally.
Compare to Similar Programs in South Carolina
Economics bachelors's programs at peer institutions in South Carolina (13 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Furman University | $55,615 | — | $24,125 | 0.43 |
| University of South Carolina-Columbia | $48,149 | $57,679 | $24,062 | 0.50 |
| Clemson University | $45,075 | $55,077 | $22,250 | 0.49 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in South Carolina
Compare tuition, earnings, and debt across South Carolina schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of South Carolina-Columbia Columbia | $12,688 | $48,149 | $24,062 |
| Clemson University Clemson | $15,554 | $45,075 | $22,250 |
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 Furman University, approximately 11% 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 21 graduates with reported earnings and 20 graduates with debt data. Small samples may not be representative.