Analysis
Hampshire College's economics bachelor's lacks reportable graduate outcomes due to small sample sizes, but peer programs in Massachusetts suggest first-year earnings around $57,300 against roughly $24,500 in debt—a 0.43 ratio that beats the national economics median. That's a manageable debt load for a field where the typical graduate nationwide earns $51,700 initially.
The challenge here is context. Massachusetts economics programs span an enormous range, from Harvard's $104,000 to the state median of $57,300. Hampshire's admissions profile (70% acceptance rate, 38% Pell-eligible) differs substantially from the elite liberal arts colleges dominating Massachusetts economics outcomes. While comparable programs statewide produce that $57,300 figure, Hampshire's distinctive pedagogical approach—narrative evaluations rather than grades, self-directed study—attracts students who may pursue different career trajectories than those at traditional institutions.
The debt-to-earnings picture based on peer programs looks reasonable on paper, but you're investing in a program where actual graduate outcomes remain unclear. If your child thrives in Hampshire's unconventional structure and plans to leverage economics toward graduate school or mission-driven work rather than immediate high earnings, the estimated numbers suggest financial viability. If maximizing early-career income matters most, understand you're making this decision without knowing how Hampshire economics graduates specifically fare compared to the state's powerhouse programs.
Where Hampshire College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Massachusetts
Economics bachelors's programs at peer institutions in Massachusetts (38 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $56,630 | $57,299* | — | $24,500* | — | |
| $59,076 | $103,993* | $124,570 | $6,617* | 0.06 | |
| $67,280 | $90,568* | $127,636 | $16,662* | 0.18 | |
| $64,320 | $86,367* | $91,749 | $11,190* | 0.13 | |
| $64,860 | $80,888* | $115,082 | $12,925* | 0.16 | |
| $67,844 | $75,125* | $105,444 | $17,850* | 0.24 | |
| 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 Hampshire College, approximately 38% 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 21 similar programs in MA. Actual outcomes may vary.