Analysis
Peer chemistry programs in Indiana suggest first-year earnings around $42,600—right at both the state and national median—but what matters more is how that translates into financial stress. With estimated debt of roughly $25,000, this works out to a manageable debt-to-earnings ratio of 0.59, meaning graduates would owe about seven months of their first year's salary. That's a reasonable burden for a science degree, though it's worth noting the debt estimate sits slightly above Indiana's median for chemistry programs.
The earnings picture itself offers limited room for optimism. Indiana's chemistry graduates cluster tightly around $42,000-$43,000 regardless of which state school they attend, with only Purdue breaking meaningfully above $47,000. Similar programs nationwide show the same pattern—even top performers rarely push past $46,000 in year one. Chemistry bachelor's holders often need graduate school or several years of laboratory experience before salaries rise substantially, so that initial $42,600 may represent a long plateau rather than a launching point.
For families banking on chemistry as a high-earning STEM path, these estimates should recalibrate expectations. The debt load appears sustainable, but the early salary won't deliver the financial breathing room some science degrees provide. If your student plans to stop at the bachelor's level and work immediately, understand they're looking at solid but modest middle-class earnings—not the premium typically associated with harder sciences.
Where Goshen College Stands
Earnings vs. debt across all chemistry bachelors's programs nationally
Compare to Similar Programs in Indiana
Chemistry bachelors's programs at peer institutions in Indiana (36 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $37,760 | $42,580* | — | $24,994* | — | |
| $9,992 | $47,213* | $48,715 | $19,500* | 0.41 | |
| $11,790 | $42,889* | $59,000 | $17,000* | 0.40 | |
| $10,758 | $42,677* | $42,387 | $25,000* | 0.59 | |
| $10,449 | $42,482* | $52,352 | $21,902* | 0.52 | |
| $36,136 | $40,612* | — | $23,214* | 0.57 | |
| National Median | — | $42,581* | — | $24,000* | 0.56 |
Career Paths
Occupations commonly associated with chemistry graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Computer and Information Research Scientists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Chemists
Chemistry Teachers, Postsecondary
Environmental Science Teachers, Postsecondary
Physics Teachers, Postsecondary
Environmental Scientists and Specialists, Including Health
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 Goshen College, approximately 37% 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 6 similar programs in IN. Actual outcomes may vary.