Analysis
An economics degree from McDaniel College appears positioned right at the median for Maryland programs, with comparable schools suggesting around $51,500 in first-year earnings—though it's worth noting these figures come from peer institutions rather than McDaniel's own graduates. At an estimated $25,000 in debt, the debt-to-earnings ratio of 0.49 falls within a manageable range, meaning graduates would owe roughly half their first-year salary.
The challenge is context. Maryland's economics landscape spans from Hopkins graduates earning over $78,000 to regional programs clustering around $50,000-$51,000. McDaniel likely lands in this middle tier, alongside state schools like Towson and St. Mary's. The estimated debt load runs slightly higher than Maryland's median of $22,000 for economics programs, which means McDaniel students might carry a bit more financial burden than peers at comparable public institutions, though the difference isn't dramatic.
For families considering McDaniel specifically, the estimation here reflects a fundamental limitation: too few graduates to track outcomes confidently. That could signal a small, specialized program or simply data suppression due to sample size. Either way, if your child is drawn to McDaniel for reasons beyond pure economics ROI—campus culture, teaching approach, fit—the financial picture based on similar programs doesn't raise red flags. But if maximizing economics earning power is the priority, Maryland offers stronger alternatives with proven track records.
Where McDaniel College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Maryland
Economics bachelors's programs at peer institutions in Maryland (16 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $49,647 | $51,483* | — | $25,000* | — | |
| $63,340 | $78,181* | $108,040 | $12,494* | 0.16 | |
| $11,505 | $58,650* | $72,814 | $20,097* | 0.34 | |
| $12,952 | $54,859* | $68,275 | $21,920* | 0.40 | |
| $15,236 | $51,483* | $61,048 | $24,946* | 0.48 | |
| $11,306 | $50,910* | $60,328 | $18,838* | 0.37 | |
| National Median | — | $51,722* | — | $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 McDaniel College, approximately 34% 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 7 similar programs in MD. Actual outcomes may vary.