Analysis
Muhlenberg's economics program launches graduates into solid six-figure earning trajectories within their first few years, with starting pay of $59,122 climbing to over $70,000 by year fourβa 19% jump that suggests strong career momentum. Among Pennsylvania's 49 economics programs, this lands in the 60th percentile, outperforming the state median by $6,700 initially. While it doesn't compete with Wharton or Carnegie Mellon's stratospheric numbers, it beats many larger state universities at a fraction of the sticker price anxiety.
The debt picture looks particularly manageable: graduates leave with $25,298 in loans, which represents just 43% of first-year earningsβa ratio that allows most grads to aggressively pay down debt while still living comfortably. This debt load sits in the 27th percentile nationally, meaning 73% of economics programs saddle students with more loans for comparable or worse outcomes.
The significant caveat here is sample sizeβfewer than 30 graduates reported data, so these numbers could shift considerably year to year. That said, the combination of reasonable debt, strong initial earnings that continue growing, and solid regional placement makes this a defensible choice for students genuinely interested in economics who prefer a smaller liberal arts environment over a large research university. Just understand you're paying for the Muhlenberg experience, not chasing elite Wall Street recruiting numbers.
Where Muhlenberg College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Muhlenberg College graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Muhlenberg College | $59,122 | $70,089 | +19% |
| University of Pennsylvania | $89,097 | $125,816 | +41% |
| Swarthmore College | $76,944 | $105,566 | +37% |
| Carnegie Mellon University | $86,284 | $94,093 | +9% |
| Lafayette College | $68,164 | $88,504 | +30% |
Compare to Similar Programs in Pennsylvania
Economics bachelors's programs at peer institutions in Pennsylvania (49 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $60,240 | $59,122 | $70,089 | $25,298 | 0.43 | |
| $66,104 | $89,097 | $125,816 | $14,000 | 0.16 | |
| $63,829 | $86,284 | $94,093 | $22,020 | 0.26 | |
| $62,412 | $76,944 | $105,566 | $19,500 | 0.25 | |
| $60,663 | $70,967 | $83,676 | $29,000 | 0.41 | |
| $64,772 | $70,946 | $79,134 | $25,888 | 0.36 | |
| National Median | β | $51,722 | β | $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 Muhlenberg College, approximately 21% 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 17 graduates with reported earnings and 24 graduates with debt data. Small samples may not be representative.