Economics at Illinois State University
Bachelor's Degree
Analysis
Illinois State's Economics program produces outcomes that lag behind most comparable programs, though the small sample size here—fewer than 30 graduates—means these figures could shift significantly with more data. Starting at $44,015 puts graduates in the 21st percentile nationally and 40th percentile among Illinois schools, trailing the state median by $3,000. When top Illinois programs like U of I Urbana-Champaign ($58,921) and even mid-tier options like Olivet Nazarene ($54,169) substantially outperform, it raises questions about competitive positioning.
The $25,000 debt load matches the Illinois median but buys considerably less earning power than at peer institutions. The 29% earnings growth to $56,964 by year four is encouraging and helps the debt-to-earnings ratio, but that fourth-year figure still sits below what many Illinois State peers deliver right out of the gate. For a program at a school with an 89% admission rate serving a significant population of Pell Grant recipients, these modest outcomes might reflect the school's accessibility mission—but it's worth acknowledging that accessibility doesn't have to mean accepting lower returns.
Given the small sample, I'd verify these numbers represent typical outcomes before making any decisions. If they hold, families should weigh whether Illinois State's lower cost structure (if tuition is indeed cheaper) and regional connections offset the earnings gap, or whether their student could access programs with stronger placement records elsewhere in Illinois.
Where Illinois State University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Illinois State University graduates compare to all programs nationally
Illinois State University graduates earn $44k, placing them in the 21th percentile of all economics bachelors programs nationally.
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.
Compare to Similar Programs in Illinois
Economics bachelors's programs at peer institutions in Illinois (35 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Illinois State University | $44,015 | $56,964 | $25,000 | 0.57 |
| University of Chicago | $92,075 | $127,832 | $13,197 | 0.14 |
| Northwestern University | $84,932 | $105,795 | $16,227 | 0.19 |
| Wheaton College | $62,889 | $60,894 | $21,000 | 0.33 |
| University of Illinois Urbana-Champaign | $58,921 | $75,600 | $21,228 | 0.36 |
| Olivet Nazarene University | $54,169 | — | $27,000 | 0.50 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in Illinois
Compare tuition, earnings, and debt across Illinois schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of Chicago Chicago | $66,939 | $92,075 | $13,197 |
| Northwestern University Evanston | $65,997 | $84,932 | $16,227 |
| Wheaton College Wheaton | $43,930 | $62,889 | $21,000 |
| University of Illinois Urbana-Champaign Champaign | $16,004 | $58,921 | $21,228 |
| Olivet Nazarene University Bourbonnais | $37,940 | $54,169 | $27,000 |
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 Illinois State University, approximately 30% 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 27 graduates with reported earnings and 30 graduates with debt data. Small samples may not be representative.