Median Earnings (1yr)
$79,530
95th percentile
Median Debt
$12,418
42% below national median

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

Earnings Distribution

How Northwestern University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Northwestern University$79,530$85,521+8%
University of Chicago$100,421$107,611+7%
DePaul University$55,586$75,420+36%
University of Illinois Urbana-Champaign$48,728$71,197+46%
Northern Illinois University$44,857$59,728+33%

Compare to Similar Programs in Illinois

Mathematics bachelors's programs at peer institutions in Illinois (48 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Northwestern UniversityEvanston$65,997$79,530$85,521$12,4180.16
University of ChicagoChicago$66,939$100,421$107,611$12,0000.12
DePaul UniversityChicago$44,460$55,586$75,420$26,1540.47
Illinois State UniversityNormal$16,021$52,597$56,681$20,3090.39
McKendree UniversityLebanon$34,070$51,157$51,631$21,7500.43
University of Illinois Urbana-ChampaignChampaign$16,004$48,728$71,197$20,8470.43
National Median$48,772$21,5000.44

Career Paths

Occupations commonly associated with mathematics graduates

Natural Sciences Managers

Plan, direct, or coordinate activities in such fields as life sciences, physical sciences, mathematics, statistics, and research and development in these fields.

$161,180/yrJobs growth:Bachelor's degree

Clinical Research Coordinators

Plan, direct, or coordinate clinical research projects. Direct the activities of workers engaged in clinical research projects to ensure compliance with protocols and overall clinical objectives. May evaluate and analyze clinical data.

$161,180/yrJobs growth:Bachelor's degree

Water Resource Specialists

Design or implement programs and strategies related to water resource issues such as supply, quality, and regulatory compliance issues.

$161,180/yrJobs growth:Bachelor'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

Mathematicians

Conduct research in fundamental mathematics or in application of mathematical techniques to science, management, and other fields. Solve problems in various fields using mathematical methods.

$104,350/yrJobs growth:Master'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

Mathematical Science Teachers, Postsecondary

Teach courses pertaining to mathematical concepts, statistics, and actuarial science and to the application of original and standardized mathematical techniques in solving specific problems and situations. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

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

Mathematical Science Occupations, All Other

All mathematical scientists not listed separately.

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.