Analysis
Grand Valley State's economics program produces graduates earning about $54,000 in their first yearβsolidly above both the national and Michigan medians for the degree. What makes this particularly noteworthy: students leave with just $27,000 in debt, putting them in the 5th percentile nationally for borrowing. That 0.50 debt-to-earnings ratio means graduates owe roughly half their first-year salary, a manageable threshold that gives them financial flexibility early in their careers.
Within Michigan, this program punches slightly above its weight. It ranks in the 60th percentile statewide for earnings, trailing the flagship University of Michigan program but outperforming several well-regarded institutions. The 9% earnings growth to year four suggests graduates are building solid career momentum, though the extremely small sample size (under 30 graduates tracked) means individual outcomes could vary significantly from these medians.
For families seeking an affordable economics degree with reasonable earning potential, this hits the mark. The combination of low debt and respectable starting salaries means graduates aren't locked into high-paying jobs just to manage loansβthey have breathing room to explore different career paths or geographic markets. Just keep in mind the limited data means you're working with less certainty than programs with hundreds of tracked graduates.
Where Grand Valley State University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Grand Valley State University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Grand Valley State University | $53,985 | $58,840 | +9% |
| University of Michigan-Ann Arbor | $68,416 | $87,800 | +28% |
| Wayne State University | $50,648 | $73,856 | +46% |
| Michigan State University | $54,013 | $71,300 | +32% |
| University of Michigan-Dearborn | $49,665 | $70,842 | +43% |
Compare to Similar Programs in Michigan
Economics bachelors's programs at peer institutions in Michigan (22 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $14,628 | $53,985 | $58,840 | $27,000 | 0.50 | |
| $17,228 | $68,416 | $87,800 | $19,690 | 0.29 | |
| $15,988 | $54,013 | $71,300 | $24,250 | 0.45 | |
| $14,297 | $50,648 | $73,856 | $24,681 | 0.49 | |
| $14,944 | $49,665 | $70,842 | $28,381 | 0.57 | |
| $55,746 | $48,756 | $55,527 | $27,000 | 0.55 | |
| National Median | β | $51,722 | β | $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 Grand Valley State University, approximately 26% 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 22 graduates with reported earnings and 26 graduates with debt data. Small samples may not be representative.