Analysis
Chemistry programs in Illinois cluster around $45,000 in first-year earnings, with Olivet's estimated outcomes landing right at this state median. That's a solid starting point—above the national benchmark of $42,581 and in line with what comparable programs across the state typically produce. The estimated debt of about $25,000 translates to a 0.56 debt-to-earnings ratio, meaning graduates would owe roughly half of their first-year salary. That's manageable territory for a science degree that often serves as a gateway to graduate school or professional programs.
What matters most here is trajectory. Chemistry bachelor's degrees rarely represent the endpoint—many graduates pursue additional credentials in medicine, pharmacy, or graduate research where the real earnings potential materializes. The question isn't whether $45,000 justifies the investment by itself, but whether this program adequately prepares students for those next steps. Olivet's admission profile suggests a moderately selective environment, and the debt estimate aligns with national norms for similar private institutions.
The practical takeaway: these estimated figures suggest a financially viable path if your student has clear post-graduation plans. For pre-med or pre-pharmacy tracks, the debt load won't become crushing. For those planning to enter the workforce immediately with just a bachelor's, the earnings-to-debt picture works but won't provide much cushion. Dig into placement rates for graduate programs and what chemistry majors actually do after graduation—that's where you'll find whether this investment makes sense for your family's specific situation.
Where Olivet Nazarene University Stands
Earnings vs. debt across all chemistry bachelors's programs nationally
Compare to Similar Programs in Illinois
Chemistry bachelors's programs at peer institutions in Illinois (47 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $37,940 | $44,860* | — | $24,994* | — | |
| $16,004 | $47,034* | $63,276 | $21,500* | 0.46 | |
| $12,922 | $46,659* | $57,878 | $25,000* | 0.54 | |
| $12,700 | $43,061* | $56,116 | $23,023* | 0.53 | |
| $14,952 | $31,980* | $57,236 | $27,000* | 0.84 | |
| National Median | — | $42,581* | — | $24,000* | 0.56 |
Career Paths
Occupations commonly associated with chemistry graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Computer and Information Research Scientists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Chemists
Chemistry Teachers, Postsecondary
Environmental Science Teachers, Postsecondary
Physics Teachers, Postsecondary
Environmental Scientists and Specialists, Including Health
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 Olivet Nazarene University, approximately 35% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 4 similar programs in IL. Actual outcomes may vary.