Analysis
Based on comparable mathematics programs across Indiana, first-year earnings of $58,764 against estimated debt of $22,000 suggests a manageable financial picture for this degree. That debt-to-earnings ratio of 0.37 means graduates would typically owe less than five months of their first-year salary—a comfortable margin by any standard. What's particularly striking is how these estimated figures align with the state median exactly, suggesting IU-South Bend's outcomes likely track with the typical Indiana math graduate experience.
The numbers tell an interesting regional story. While elite programs like Rose-Hulman and Notre Dame pull significantly higher earnings, IU-South Bend's estimates match what Indiana University-Bloomington—the flagship campus—actually reports, and exceed Purdue's reported outcomes by nearly $10,000. For a campus serving a substantial number of Pell-eligible students (41%), producing earnings estimates at the state median represents solid value. Mathematics degrees tend to deliver consistent returns regardless of institutional prestige, as the skill set translates readily into business, analytics, and education careers.
The key limitation here is that we're working entirely from peer program data—South Bend's actual graduate outcomes remain unpublished due to small cohort sizes. If your child thrives at smaller campuses and wants to stay in the Midwest, these estimates suggest the investment should work financially. Just recognize you're betting on South Bend matching what other Indiana math programs deliver, not on proven track record at this specific campus.
Where Indiana University-South Bend Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Indiana
Mathematics bachelors's programs at peer institutions in Indiana (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $8,179 | $58,764* | — | $22,000* | — | |
| $56,674 | $85,977* | $96,973 | $25,000* | 0.29 | |
| $62,693 | $65,302* | $87,725 | $19,000* | 0.29 | |
| $11,790 | $59,277* | $74,190 | $22,000* | 0.37 | |
| $8,179 | $58,764* | $55,844 | $22,388* | 0.38 | |
| $9,992 | $49,387* | — | $18,820* | 0.38 | |
| 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 Indiana University-South Bend, approximately 41% 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 7 similar programs in IN. Actual outcomes may vary.