Analysis
With estimated debt around $23,400 and first-year earnings tracking close to Virginia's median for economics programs, Randolph-Macon appears positioned in the middle of the state's economics landscape. Similar programs across Virginia suggest earnings in the mid-$50,000s initially, which would make the debt load manageableβthat 0.43 ratio means roughly five months of gross pay to cover what graduates typically borrow. The four-year earnings figure of $56,557 suggests modest early growth, though it's worth noting the state's top economics programs (UVA, Washington and Lee, William & Mary) report first-year earnings $10,000-$20,000 higher.
The challenge for families evaluating Randolph-Macon's economics program is that these figures come from peer institutions rather than the school's own graduates, likely because the program produces too few economics majors to report publicly. That means you're betting on whether this small program can match what comparable Virginia colleges achieve. The estimated outcomes align with national economics benchmarks, which is reassuring, but you won't find the track record that larger programs provide.
For a family comfortable with uncertainty and drawn to Randolph-Macon's small-college environment, the projected debt burden seems reasonable if those estimated earnings materialize. But if economics is the priority and you want proven outcomes, the state's larger public universities offer documented results and typically stronger campus recruiting for economics graduates.
Where Randolph-Macon College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Randolph-Macon College | β | $56,557 | β |
| Washington and Lee University | $71,737 | $110,050 | +53% |
| University of Richmond | $61,027 | $102,501 | +68% |
| James Madison University | $62,286 | $86,390 | +39% |
| George Mason University | $53,024 | $80,423 | +52% |
Compare to Similar Programs in Virginia
Economics bachelors's programs at peer institutions in Virginia (28 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $48,002 | $54,643* | $56,557 | $23,399* | β | |
| $20,986 | $74,958* | $80,369 | $19,000* | 0.25 | |
| $64,525 | $71,737* | $110,050 | $23,399* | 0.33 | |
| $25,040 | $65,603* | $72,419 | $19,678* | 0.30 | |
| $13,576 | $62,286* | $86,390 | $18,575* | 0.30 | |
| $62,600 | $61,027* | $102,501 | $23,000* | 0.38 | |
| National Median | β | $51,722* | β | $22,816* | 0.44 |
Career Paths
Occupations commonly associated with economics graduates
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Statisticians
Biostatisticians
Economics Teachers, Postsecondary
Market Research Analysts and Marketing Specialists
Search Marketing Strategists
Secondary School Teachers, Except Special and Career/Technical Education
Survey Researchers
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 Randolph-Macon College, approximately 20% 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 12 similar programs in VA. Actual outcomes may vary.