Economics at Massachusetts Institute of Technology

An economics degree from MIT, while one of the world's most prestigious institutions, appears to produce estimated first-year earnings around $57,000—roughly on par with the Massachusetts median but surprisingly modest given the 5% admission rate and stratospheric SAT scores. For context, comparable programs at Harvard, Amherst, and Wellesley report actual outcomes ranging from $86,000 to $104,000, suggesting MIT economics graduates may start considerably higher than peer programs in the state would suggest.

The estimated $24,500 in debt yields a manageable 0.43 debt-to-earnings ratio, and MIT's financial aid track record (reflected in its 19% Pell enrollment and general commitment to meeting full need) means many families pay far less than sticker price. Still, it's worth noting that some Massachusetts economics programs produce stronger first-year outcomes—those top-tier liberal arts colleges consistently place graduates in six-figure starting roles, likely in finance and consulting.

The key uncertainty here is whether MIT's actual economics outcomes mirror the state median or cluster closer to those elite peers. Given MIT's brand power in quantitative fields and recruiting pipeline into tech and finance, the true figure likely exceeds $57,000. If your child can gain admission and receive adequate financial aid, MIT's network and credential still represent a sound investment—just recognize that economics may not leverage MIT's advantages as effectively as engineering or computer science would.