Median Earnings (1yr)
$59,122
75th percentile (60th in PA)
Median Debt
$25,298
11% above national median
Debt-to-Earnings
0.43
Manageable
Sample Size
17
Limited data

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 four—a 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 earnings—a 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 size—fewer 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

Muhlenberg CollegeOther economics 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 Muhlenberg College graduates compare to all programs nationally

Muhlenberg College graduates earn $59k, placing them in the 75th percentile of all economics 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 Pennsylvania

Economics bachelors's programs at peer institutions in Pennsylvania (49 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Muhlenberg College$59,122$70,089$25,2980.43
University of Pennsylvania$89,097$125,816$14,0000.16
Carnegie Mellon University$86,284$94,093$22,0200.26
Swarthmore College$76,944$105,566$19,5000.25
Drexel University$70,967$83,676$29,0000.41
Bucknell University$70,946$79,134$25,8880.36
National Median$51,722—$22,8160.44

Other Economics Programs in Pennsylvania

Compare tuition, earnings, and debt across Pennsylvania schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Pennsylvania
Philadelphia
$66,104$89,097$14,000
Carnegie Mellon University
Pittsburgh
$63,829$86,284$22,020
Swarthmore College
Swarthmore
$62,412$76,944$19,500
Drexel University
Philadelphia
$60,663$70,967$29,000
Bucknell University
Lewisburg
$64,772$70,946$25,888

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.