Median Earnings (1yr)
$59,122
75th percentile
60th percentile in Pennsylvania
Median Debt
$25,298
11% above national median

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 fourβ€”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 earningsβ€”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 sizeβ€”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

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

School1 Year4 YearsGrowth
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†’

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Muhlenberg CollegeAllentown$60,240$59,122$70,089$25,2980.43
University of PennsylvaniaPhiladelphia$66,104$89,097$125,816$14,0000.16
Carnegie Mellon UniversityPittsburgh$63,829$86,284$94,093$22,0200.26
Swarthmore CollegeSwarthmore$62,412$76,944$105,566$19,5000.25
Drexel UniversityPhiladelphia$60,663$70,967$83,676$29,0000.41
Bucknell UniversityLewisburg$64,772$70,946$79,134$25,8880.36
National Medianβ€”$51,722β€”$22,8160.44

Career Paths

Occupations commonly associated with economics graduates

Economists

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

$115,440/yrJobs growth:Master's degree

Environmental Economists

Conduct economic analysis related to environmental protection and use of the natural environment, such as water, air, land, and renewable energy resources. Evaluate and quantify benefits, costs, incentives, and impacts of alternative options using economic principles and statistical techniques.

$115,440/yrJobs growth:Master's degree

Data Scientists

Develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Visualize, interpret, and report data findings. May create dynamic data reports.

$112,590/yrJobs growth:Bachelor's degree

Business Intelligence Analysts

Produce financial and market intelligence by querying data repositories and generating periodic reports. Devise methods for identifying data patterns and trends in available information sources.

$112,590/yrJobs growth:Bachelor's degree

Clinical Data Managers

Apply knowledge of health care and database management to analyze clinical data, and to identify and report trends.

$112,590/yrJobs growth:Bachelor's degree

Statisticians

Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.

$104,350/yrJobs growth:Master's degree

Biostatisticians

Develop and apply biostatistical theory and methods to the study of life sciences.

$104,350/yrJobs growth:Master's degree

Economics Teachers, Postsecondary

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Market Research Analysts and Marketing Specialists

Research conditions in local, regional, national, or online markets. Gather information to determine potential sales of a product or service, or plan a marketing or advertising campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution. May employ search marketing tactics, analyze web metrics, and develop recommendations to increase search engine ranking and visibility to target markets.

$76,950/yrJobs growth:Bachelor's degree

Search Marketing Strategists

Employ search marketing tactics to increase visibility and engagement with content, products, or services in Internet-enabled devices or interfaces. Examine search query behaviors on general or specialty search engines or other Internet-based content. Analyze research, data, or technology to understand user intent and measure outcomes for ongoing optimization.

$76,950/yrJobs growth:Bachelor's degree

Secondary School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the secondary school level.

$64,580/yrJobs growth:Bachelor's degree

Survey Researchers

Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams.

$63,380/yrJobs growth:Master's degree
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.