Analysis
A mathematics degree typically opens doors to strong earnings, but the gap between peer programs in Maine is striking. While Bowdoin College graduates earn $90,213 in their first year—reflecting the upper end of what math majors can command in the state—comparable programs nationally suggest first-year earnings around $48,772. That's a $40,000 difference that matters when you're carrying debt, even at the relatively manageable estimated level of $21,750 for Saint Joseph's graduates.
The debt-to-earnings ratio of 0.45 isn't alarming on its face—it means roughly five months of gross income to cover what you borrowed. But context matters: Saint Joseph's serves a different student population than Bowdoin (82% admission rate versus highly selective, 20% Pell recipients versus wealthier families), and those differences often translate to different career networks and opportunities. The national earnings estimate suggests graduates are finding work, just not at the premium Maine employers pay top-tier math talent.
The practical question is whether your child's career goals align with what this degree delivers. If they're headed toward teaching, community-focused work, or graduate school where the starting salary matters less than the credential itself, this could work. If they're banking on the high-paying analytics or finance roles that drive Maine's $90,000 median, understand that those outcomes aren't reflected in comparable program data. You're likely looking at a longer runway to strong earnings than Maine's flagship math programs provide.
Where Saint Joseph's College of Maine Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Maine
Mathematics bachelors's programs at peer institutions in Maine (9 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $42,834 | $48,772* | — | $21,750* | — | |
| $64,910 | $90,213* | — | —* | — | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
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 Saint Joseph's College of Maine, 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 national median of 253 similar programs. Actual outcomes may vary.