Analysis
Iowa State's economics graduates start at $57,619βsignificantly above both the national median ($51,722) and the Iowa median ($49,314). Among Iowa's 17 economics programs, this performance places it in the 60th percentile, comfortably ahead of peer institutions like University of Iowa and Grinnell College. The debt load of $23,414 is essentially average, creating a favorable debt-to-earnings ratio of 0.41 that means graduates can realistically pay down their loans within the first few years of employment.
What's particularly encouraging is the earnings trajectory: graduates see 23% income growth by year four, reaching $70,764. This isn't an early peakβit's a steady climb that suggests the degree builds marketable skills that employers increasingly value. The moderate sample size means these numbers reflect a real cohort, not an outlier or two.
For Iowa families, this represents solid value, especially considering Iowa State's 89% admission rate makes it accessible to most applicants. Your child gets competitive starting salaries without the premium debt load of private alternatives, and the clear upward earnings path suggests the economics major translates well into career progression. It's a straightforward investment with predictable returns.
Where Iowa State University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Iowa State University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Iowa State University | $57,619 | $70,764 | +23% |
| Duke University | $98,649 | $153,139 | +55% |
| University of Northern Iowa | $49,314 | $69,146 | +40% |
| Grinnell College | $46,791 | $67,691 | +45% |
| University of Iowa | $50,223 | $66,230 | +32% |
Compare to Similar Programs in Iowa
Economics bachelors's programs at peer institutions in Iowa (17 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,497 | $57,619 | $70,764 | $23,414 | 0.41 | |
| $10,964 | $50,223 | $66,230 | $22,407 | 0.45 | |
| $9,728 | $49,314 | $69,146 | $17,169 | 0.35 | |
| $64,862 | $46,791 | $67,691 | $16,950 | 0.36 | |
| $52,576 | $42,311 | β | $27,000 | 0.64 | |
| National Median | β | $51,722 | β | $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 Iowa State University, approximately 18% 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 45 graduates with reported earnings and 47 graduates with debt data. Small samples may not be representative.