Analysis
Saint Michael's economics graduates start $4,500 below the national median at $47,211, landing in the 32nd percentile nationally—but here's the twist: among Vermont's four economics programs, that same number ranks in the 60th percentile, better than the state median. This suggests that Vermont's liberal arts colleges generally produce more modest early earnings than the national economics market, though Middlebury ($85,879) proves there are exceptions in-state.
The debt picture looks reasonable at $24,500—slightly above the national median but fairly typical for private liberal arts colleges—and the 0.52 debt-to-earnings ratio means graduates can manage payments without significant strain. The 22% earnings growth by year four, reaching $57,722, tracks with normal career progression for economics majors and brings graduates closer to national benchmarks.
The major caveat is sample size: with fewer than 30 graduates in this cohort, these numbers could shift significantly with different years. That said, for families committed to Vermont and seeking a small-college environment, Saint Michael's delivers earnings that work within the state's economic context. Just understand you're paying private college tuition for solidly middle-of-the-pack economics outcomes—adequate for launching a career, but unlikely to provide the earning power that justifies significant additional debt beyond what's shown here.
Where Saint Michael's College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Saint Michael's College graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Saint Michael's College | $47,211 | $57,722 | +22% |
| Duke University | $98,649 | $153,139 | +55% |
| University of Chicago | $92,075 | $127,832 | +39% |
| Middlebury College | $85,879 | $125,751 | +46% |
| University of Vermont | $38,452 | $51,595 | +34% |
Compare to Similar Programs in Vermont
Economics bachelors's programs at peer institutions in Vermont (4 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $50,040 | $47,211 | $57,722 | $24,500 | 0.52 | |
| $65,280 | $85,879 | $125,751 | $19,500 | 0.23 | |
| $18,890 | $38,452 | $51,595 | $23,875 | 0.62 | |
| National Median | — | $51,722 | — | $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 Saint Michael's College, approximately 18% 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 20 graduates with reported earnings and 23 graduates with debt data. Small samples may not be representative.