Median Earnings (1yr)
$34,475
5th percentile (60th in MT)
Median Debt
$24,000
12% above national median
Debt-to-Earnings
0.70
Manageable
Sample Size
27
Limited data

Analysis

Montana State's mathematics program shows a troubling pattern: graduates earn just $34,475 in their first year—barely half the national median for math majors and landing in the 5th percentile nationally. While that places them at the 60th percentile within Montana, that's largely because math programs across the state are underperforming. The $24,000 debt load is reasonable, but when paired with these depressed starting salaries, graduates face a 0.70 debt-to-earnings ratio that's higher than ideal for a STEM field.

The 51% earnings jump to $52,167 by year four offers some hope, suggesting these graduates eventually find their footing in the job market. However, this catch-up game puts them years behind peers from stronger programs who start at $48,000+ nationally. For a math degree—typically a reliable ticket to solid employment—these outcomes are disappointing.

The very small sample size (under 30 graduates) means these numbers could shift significantly year to year, so consider them directional rather than definitive. If your child is set on MSU, they should plan to leave Montana for better job prospects or pursue graduate school to access higher-paying positions. A math degree from Montana State requires patience and geographic flexibility to pay off.

Where Montana State University Stands

Earnings vs. debt across all mathematics bachelors's programs nationally

Montana State UniversityOther mathematics programs

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 Montana State University graduates compare to all programs nationally

Montana State University graduates earn $34k, placing them in the 5th percentile of all mathematics bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Montana

Mathematics bachelors's programs at peer institutions in Montana (8 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Montana State University$34,475$52,167$24,0000.70
National Median$48,772—$21,5000.44

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 Montana State University, 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 27 graduates with reported earnings and 34 graduates with debt data. Small samples may not be representative.