Mathematics at Northwestern University
Bachelor's Degree
Analysis
Northwestern's mathematics program posts numbers that look exceptional on paper—$79,530 starting salary with just $12,418 in debt—but the small sample size (under 30 graduates) means these figures could swing significantly from year to year. Still, the pattern is striking: these graduates earn 63% more than the Illinois median and rank in the 95th percentile both statewide and nationally, while carrying roughly half the typical debt load. That's a debt-to-earnings ratio of 0.16, meaning graduates could theoretically pay off their loans in under two months of gross salary.
The comparison to University of Chicago is notable—while UChicago math graduates earn more ($100,421), Northwestern's combination of strong earnings and low debt creates an attractive value proposition. The modest 8% earnings growth to year four isn't cause for concern given the already-strong starting point. What matters more is that Northwestern math graduates are clearing nearly $80,000 right out of the gate, opening doors to quantitative careers in finance, tech, and analytics that typically reward pedigree from schools with 7% admission rates.
The small sample caveat is real—this could represent Northwestern's most career-focused math students rather than typical outcomes. But for families who can navigate the competitive admissions, the fundamentals are sound: strong starting earnings, minimal debt burden, and a degree that travels well beyond academia.
Where Northwestern University Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
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 Northwestern University graduates compare to all programs nationally
Northwestern University graduates earn $80k, placing them in the 95th 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 Illinois
Mathematics bachelors's programs at peer institutions in Illinois (48 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Northwestern University | $79,530 | $85,521 | $12,418 | 0.16 |
| University of Chicago | $100,421 | $107,611 | $12,000 | 0.12 |
| DePaul University | $55,586 | $75,420 | $26,154 | 0.47 |
| Illinois State University | $52,597 | $56,681 | $20,309 | 0.39 |
| McKendree University | $51,157 | $51,631 | $21,750 | 0.43 |
| University of Illinois Urbana-Champaign | $48,728 | $71,197 | $20,847 | 0.43 |
| National Median | $48,772 | — | $21,500 | 0.44 |
Other Mathematics Programs in Illinois
Compare tuition, earnings, and debt across Illinois schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of Chicago Chicago | $66,939 | $100,421 | $12,000 |
| DePaul University Chicago | $44,460 | $55,586 | $26,154 |
| Illinois State University Normal | $16,021 | $52,597 | $20,309 |
| McKendree University Lebanon | $34,070 | $51,157 | $21,750 |
| University of Illinois Urbana-Champaign Champaign | $16,004 | $48,728 | $20,847 |
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 Northwestern University, approximately 19% 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 29 graduates with reported earnings and 36 graduates with debt data. Small samples may not be representative.