Analysis
Minnesota economics programs show substantial variation in early outcomes, with top performers like Carleton and St. Catherine exceeding $64,000 while the state median sits at $56,570. Based on that median—drawn from 10 comparable programs across Minnesota—Hamline's economics degree appears to track right at the middle of the pack. That's a reasonable starting point for a liberal arts economics program, though it falls short of what peers like St. Thomas and Macalester typically deliver.
The estimated debt load of $25,800 creates a manageable ratio of 0.46 to first-year earnings, meaning graduates would owe roughly half their first year's salary. This is workable territory—not the bargain-basement efficiency of programs charging under $20,000, but far from problematic. The real question is whether Hamline's economics curriculum and network justify positioning at the median when several Twin Cities competitors are producing noticeably stronger outcomes.
For families evaluating this program, the uncertainty around these estimates matters. Without actual graduate data, you're essentially betting that Hamline performs like the average Minnesota economics program. Given the school's 90% admission rate and accessibility mission (40% Pell recipients), that assumption may be conservative. If your student needs a supportive environment and economics genuinely fits their interests, this debt-to-earnings picture suggests viability. But if prestige or maximizing early earnings drives the decision, the programs ranking above Hamline in Minnesota deserve direct comparison.
Where Hamline University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Minnesota
Economics bachelors's programs at peer institutions in Minnesota (23 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $48,311 | $56,570* | — | $25,800* | — | |
| $65,457 | $66,567* | $83,775 | $19,500* | 0.29 | |
| $49,758 | $64,916* | — | $30,215* | 0.47 | |
| $52,284 | $60,323* | $68,704 | $24,600* | 0.41 | |
| $64,908 | $59,752* | $83,794 | $24,000* | 0.40 | |
| $16,488 | $56,902* | $76,116 | $21,500* | 0.38 | |
| National Median | — | $51,722* | — | $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 Hamline University, approximately 40% 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 10 similar programs in MN. Actual outcomes may vary.