Est. Earnings (1yr)
$38,436
Est. from IL median (3 programs)
Est. Median Debt
$25,489
Est. from national median (60 programs)

Analysis

A biochemistry degree from Lake Forest College appears to track closely with what other Illinois programs deliver. Based on three comparable programs in the state, first-year earnings around $38,400 match both the state and national median for this major. The estimated $25,500 in debt sits slightly above the national median but is manageable—about 66 cents owed for every dollar earned in that first year.

The challenge is what typically comes after. Biochemistry graduates often need graduate school to unlock higher-earning roles in research or medicine, which means these first-year numbers may understate the true investment required. If your child is planning to stop at the bachelor's level and work immediately, these earnings are modest for a STEM field. Programs like biology or chemistry at selective liberal arts colleges often produce similar starting salaries, and the private school premium isn't obvious here.

Lake Forest's 59% admission rate and strong academics (average SAT of 1309) suggest decent preparation for graduate school if that's the path. But with estimated debt already at $25,500 for undergrad, families should factor in the cost of additional training. This makes sense primarily if graduate or professional school is part of the plan and your family can manage the total education cost without excessive borrowing. For immediate career entry, the return is middling compared to other STEM options.

Where Lake Forest College Stands

Earnings vs. debt across all biochemistry, biophysics and molecular biology bachelors's programs nationally

Compare to Similar Programs in Illinois

Biochemistry, Biophysics and Molecular Biology bachelors's programs at peer institutions in Illinois (26 total in state)

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Lake Forest CollegeLake Forest$54,202$38,436*$25,489*
Loyola University ChicagoChicago$51,716$38,487*$60,325$25,000*0.65
Augustana CollegeRock Island$49,834$38,436*$27,000*0.70
University of Illinois ChicagoChicago$14,338$34,308*$53,560$15,000*0.44
National Median$38,036*$23,000*0.60
* Estimated from similar programs

Career Paths

Occupations commonly associated with biochemistry, biophysics and molecular biology graduates

Natural Sciences Managers

Plan, direct, or coordinate activities in such fields as life sciences, physical sciences, mathematics, statistics, and research and development in these fields.

$161,180/yrJobs growth:Bachelor's degree

Clinical Research Coordinators

Plan, direct, or coordinate clinical research projects. Direct the activities of workers engaged in clinical research projects to ensure compliance with protocols and overall clinical objectives. May evaluate and analyze clinical data.

$161,180/yrJobs growth:Bachelor's degree

Water Resource Specialists

Design or implement programs and strategies related to water resource issues such as supply, quality, and regulatory compliance issues.

$161,180/yrJobs growth:Bachelor's degree

Biochemists and Biophysicists

Study the chemical composition or physical principles of living cells and organisms, their electrical and mechanical energy, and related phenomena. May conduct research to further understanding of the complex chemical combinations and reactions involved in metabolism, reproduction, growth, and heredity. May determine the effects of foods, drugs, serums, hormones, and other substances on tissues and vital processes of living organisms.

$103,650/yrJobs growth:Doctoral or professional degree

Medical Scientists, Except Epidemiologists

Conduct research dealing with the understanding of human diseases and the improvement of human health. Engage in clinical investigation, research and development, or other related activities.

$100,590/yrJobs growth:Doctoral or professional degree

Microbiologists

Investigate the growth, structure, development, and other characteristics of microscopic organisms, such as bacteria, algae, or fungi. Includes medical microbiologists who study the relationship between organisms and disease or the effects of antibiotics on microorganisms.

$87,330/yrJobs growth:Bachelor's degree

Biological Science Teachers, Postsecondary

Teach courses in biological sciences. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Biological Technicians

Assist biological and medical scientists. Set up, operate, and maintain laboratory instruments and equipment, monitor experiments, collect data and samples, make observations, and calculate and record results. May analyze organic substances, such as blood, food, and drugs.

$52,000/yrJobs growth:Bachelor's degree

Food Science Technicians

Work with food scientists or technologists to perform standardized qualitative and quantitative tests to determine physical or chemical properties of food or beverage products. Includes technicians who assist in research and development of production technology, quality control, packaging, processing, and use of foods.

$48,480/yrJobs growth:Associate's degree

Biological Scientists, All Other

All biological scientists not listed separately.

Bioinformatics Scientists

Conduct research using bioinformatics theory and methods in areas such as pharmaceuticals, medical technology, biotechnology, computational biology, proteomics, computer information science, biology and medical informatics. May design databases and develop algorithms for processing and analyzing genomic information, or other biological information.

Molecular and Cellular Biologists

Research and study cellular molecules and organelles to understand cell function and organization.

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 Lake Forest College, approximately 35% 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 3 similar programs in IL. Actual outcomes may vary.