Analysis
A chemistry degree from Macalester is estimated to produce modest but stable first-year earnings of around $46,000, based on outcomes from comparable programs in Minnesota. That figure tracks closely with the state median and sits comfortably above the national benchmark of $42,600. The estimated debt load of roughly $26,000—yielding a manageable 0.56 debt-to-earnings ratio—appears reasonable for a selective private liberal arts college, particularly one with Macalester's academic profile (28% acceptance rate, 1424 average SAT).
What's less clear is whether Macalester's chemistry program offers meaningful advantages over its peer institutions. Hamline graduates report earnings above $50,000, while University of Minnesota-Twin Cities alumni land near $47,500—both with similar or lower debt loads. Chemistry at the bachelor's level rarely delivers dramatic earnings growth in the first few years, so that initial salary carries significant weight. For a family paying private college tuition, the question becomes whether Macalester's broader academic environment and network justify costs that likely exceed those at public alternatives.
The core challenge here is uncertainty: these estimates tell you what typical Minnesota chemistry programs produce, not what Macalester specifically delivers. If you're seriously considering this program, contact the school directly for their actual placement data—employment rates, graduate school admission numbers, and career paths of recent graduates. Without that information, you're essentially betting on Macalester's overall reputation rather than demonstrated outcomes in this particular field.
Where Macalester College Stands
Earnings vs. debt across all chemistry bachelors's programs nationally
Compare to Similar Programs in Minnesota
Chemistry bachelors's programs at peer institutions in Minnesota (26 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $64,908 | $46,063* | — | $25,945* | — | |
| $48,311 | $50,007* | — | —* | — | |
| $16,488 | $47,451* | $64,031 | $21,158* | 0.45 | |
| $14,318 | $44,674* | $66,981 | $22,500* | 0.50 | |
| $56,970 | $44,020* | $57,761 | $24,988* | 0.57 | |
| National Median | — | $42,581* | — | $24,000* | 0.56 |
Career Paths
Occupations commonly associated with chemistry graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Computer and Information Research Scientists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Chemists
Chemistry Teachers, Postsecondary
Environmental Science Teachers, Postsecondary
Physics Teachers, Postsecondary
Environmental Scientists and Specialists, Including Health
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 Macalester College, approximately 17% 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 4 similar programs in MN. Actual outcomes may vary.