Analysis
A mathematics bachelor's degree with an estimated first-year salary around $57,000 and debt near $23,000 creates a manageable debt-to-earnings ratio of 0.40—well below the threshold that typically signals financial stress. Based on similar mathematics programs across Minnesota, graduates can expect to service their loans without the burden overwhelming early-career finances. The real validation comes at year four, when actual reported earnings reach $78,245, suggesting strong trajectory for Gustavus Adolphus mathematics graduates specifically.
What makes this program competitive is how it positions against Minnesota's mathematics landscape. While the estimated first-year figure sits right at the state median, it matches outcomes from stronger-reputation programs like Macalester and trails St. Olaf by less than $2,000. Nationally, Minnesota mathematics programs as a group significantly outperform the $48,772 median, and Gustavus Adolphus appears to capture that regional premium. The college's solid academic profile—an average SAT of 1320 and relatively low Pell enrollment—suggests the student body arrives with preparation that translates into employability.
The limitation is that we're working with estimated figures for both debt and initial earnings, drawn from a small pool of comparable Minnesota programs. That year-four earnings number of $78,245 is the one concrete data point anchoring this analysis. If that trajectory holds—and there's no reason to suspect it wouldn't given state patterns—the financial fundamentals look sound for families considering this investment.
Where Gustavus Adolphus College Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Gustavus Adolphus College | — | $78,245 | — |
| Massachusetts Institute of Technology | $109,288 | $180,882 | +66% |
| St Olaf College | $58,825 | $72,810 | +24% |
| University of Minnesota-Twin Cities | $58,153 | $72,102 | +24% |
| University of Minnesota-Duluth | $55,482 | $65,774 | +19% |
Compare to Similar Programs in Minnesota
Mathematics bachelors's programs at peer institutions in Minnesota (27 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $54,310 | $57,166* | $78,245 | $23,000* | — | |
| $56,970 | $58,825* | $72,810 | $23,000* | 0.39 | |
| $16,488 | $58,153* | $72,102 | $22,095* | 0.38 | |
| $64,908 | $57,166* | — | $22,483* | 0.39 | |
| $14,318 | $55,482* | $65,774 | $23,975* | 0.43 | |
| $43,942 | $54,387* | — | $26,452* | 0.49 | |
| 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 Gustavus Adolphus College, approximately 21% 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 5 similar programs in MN. Actual outcomes may vary.