Analysis
Illinois Wesleyan's economics program shows a trajectory worth examining closely. Based on comparable programs across Illinois, graduates likely earn around $47,000 in their first year—roughly on par with the state median but below the national benchmark of $51,722. The estimated debt load of $23,717 translates to a manageable 0.50 debt-to-earnings ratio, suggesting graduates could realistically handle their payments even in those early years.
What changes the calculation is the four-year earnings figure of $85,928, which is actual reported data for this program. That represents an 83% jump from first-year estimates and puts Illinois Wesleyan graduates well ahead of many peer programs in the state. Only the elite programs—Chicago, Northwestern, and a few others—report higher mid-career outcomes. This suggests the combination of Illinois Wesleyan's liberal arts approach and its moderately selective admissions (45% acceptance rate, 1242 average SAT) produces solid career momentum for economics graduates.
The core question is whether you're comfortable with first-year earnings that track state averages rather than national ones, given the program's moderate estimated debt burden. If your child can secure financial aid that keeps actual borrowing below these estimates, the mid-career trajectory looks promising. But if debt exceeds $25,000, the slower early earnings growth means a longer runway to financial stability than you might find at programs with stronger year-one placement.
Where Illinois Wesleyan University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Illinois Wesleyan University | — | $85,928 | — |
| University of Chicago | $92,075 | $127,832 | +39% |
| Northwestern University | $84,932 | $105,795 | +25% |
| University of Illinois Urbana-Champaign | $58,921 | $75,600 | +28% |
| University of Illinois Chicago | $37,767 | $63,369 | +68% |
Compare to Similar Programs in Illinois
Economics bachelors's programs at peer institutions in Illinois (35 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $55,704 | $47,048* | $85,928 | $23,717* | — | |
| $66,939 | $92,075* | $127,832 | $13,197* | 0.14 | |
| $65,997 | $84,932* | $105,795 | $16,227* | 0.19 | |
| $43,930 | $62,889* | $60,894 | $21,000* | 0.33 | |
| $16,004 | $58,921* | $75,600 | $21,228* | 0.36 | |
| $37,940 | $54,169* | — | $27,000* | 0.50 | |
| 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 Illinois Wesleyan University, approximately 23% 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 15 similar programs in IL. Actual outcomes may vary.