Analysis
An elite liberal arts college producing poverty wages demands scrutiny, regardless of small sample size. Mount Holyoke's anthropology graduates earn $19,655 one year out—barely above minimum wage and ranking in just the 10th percentile among Massachusetts programs. For context, UMass-Boston's anthropology grads earn nearly double at $36,565, while even UMass-Amherst exceeds this program by $4,500. The debt burden of $21,178 means graduates owe more than they'll earn in their first year, a concerning starting point for any career.
The small cohort (under 30 graduates) means a few outcomes heavily sway these numbers, but even accounting for statistical noise, there's no reading of this data that suggests strong career preparation. This isn't about anthropology being inherently low-paying—other Massachusetts programs in the same field perform far better. Something specific to Mount Holyoke's program or its graduate outcomes isn't translating academic prestige into economic opportunity.
If your student is passionate about anthropology and Mount Holyoke's selective environment appeals to them, understand you're likely financing intellectual enrichment rather than career preparation. The four-year return on investment here depends entirely on earnings growth beyond that first year—data we don't have. For families needing education to lead to financial independence, this combination of low starting pay and moderate debt at a premium price point is difficult to justify.
Where Mount Holyoke College Stands
Earnings vs. debt across all anthropology bachelors's programs nationally
Earnings Distribution
How Mount Holyoke College graduates compare to all programs nationally
Compare to Similar Programs in Massachusetts
Anthropology bachelors's programs at peer institutions in Massachusetts (20 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $64,142 | $19,655 | — | $21,178 | 1.08 | |
| $15,496 | $36,565 | $40,420 | $24,362 | 0.67 | |
| $64,946 | $35,390 | $54,960 | $26,000 | 0.73 | |
| $64,320 | $31,973 | — | — | — | |
| $65,168 | $26,934 | $47,165 | $25,250 | 0.94 | |
| $17,357 | $24,120 | — | — | — | |
| National Median | — | $27,806 | — | $23,000 | 0.83 |
Career Paths
Occupations commonly associated with anthropology graduates
Medical Scientists, Except Epidemiologists
Anthropology and Archeology Teachers, Postsecondary
Area, Ethnic, and Cultural Studies Teachers, Postsecondary
Forensic Science Technicians
Anthropologists and Archeologists
Managers, All Other
Regulatory Affairs Managers
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 Mount Holyoke College, approximately 20% 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 25 graduates with reported earnings and 28 graduates with debt data. Small samples may not be representative.