Mathematics at Macalester College
Bachelor's Degree
Analysis
Macalester's mathematics program places graduates in strong earning territory—$57,166 puts them in the 79th percentile nationally, well above the $48,772 median for math majors. However, within Minnesota's competitive landscape, this outcome is more typical, landing at the 60th percentile and trailing St. Olaf ($58,825) and the University of Minnesota's Twin Cities campus ($58,153). With debt at $22,483, students finish with a manageable 0.39 debt-to-earnings ratio, meaning they'd owe less than 40% of their first year's salary.
For families choosing between Minnesota's private liberal arts colleges, Macalester delivers comparable financial outcomes to its peers at similar debt levels. The real question becomes whether the college's distinctive urban campus and international focus justify paying private tuition when the University of Minnesota produces nearly identical earnings at likely lower cost. Macalester's selectivity (28% admission rate, 1424 SAT) suggests strong student preparation, though only 17% receive Pell grants, indicating limited socioeconomic diversity.
The mathematics degree itself provides solid footing for early career earnings, and the modest debt means graduates have flexibility to pursue graduate school or lower-paying positions without crushing financial pressure. If your child values Macalester's specific culture and learning environment, the financial fundamentals support that choice—just recognize you're paying for the overall experience rather than significantly superior math program outcomes.
Where Macalester College Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Macalester College graduates compare to all programs nationally
Macalester College graduates earn $57k, placing them in the 79th percentile of all mathematics bachelors programs nationally.
Compare to Similar Programs in Minnesota
Mathematics bachelors's programs at peer institutions in Minnesota (27 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Macalester College | $57,166 | — | $22,483 | 0.39 |
| St Olaf College | $58,825 | $72,810 | $23,000 | 0.39 |
| University of Minnesota-Twin Cities | $58,153 | $72,102 | $22,095 | 0.38 |
| University of Minnesota-Duluth | $55,482 | $65,774 | $23,975 | 0.43 |
| Augsburg University | $54,387 | — | $26,452 | 0.49 |
| National Median | $48,772 | — | $21,500 | 0.44 |
Other Mathematics Programs in Minnesota
Compare tuition, earnings, and debt across Minnesota schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| St Olaf College Northfield | $56,970 | $58,825 | $23,000 |
| University of Minnesota-Twin Cities Minneapolis | $16,488 | $58,153 | $22,095 |
| University of Minnesota-Duluth Duluth | $14,318 | $55,482 | $23,975 |
| Augsburg University Minneapolis | $43,942 | $54,387 | $26,452 |
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.
Sample Size: Based on 30 graduates with reported earnings and 34 graduates with debt data. Small samples may not be representative.