Analysis
A mathematics degree typically offers solid career prospects, but Salem College's program sits at the lower end of what's possible in North Carolina. Based on comparable programs across the state, graduates can expect around $41,000 in first-year earnings—substantially below the $49,000 national median for math majors and trailing the state's flagship universities by significant margins. Duke and UNC-Chapel Hill graduates earn roughly three times and 30% more respectively, though those are admittedly elite comparisons. More telling is that this estimate matches the state median exactly, suggesting graduates here perform like those from average North Carolina programs rather than standing out.
The estimated $21,750 in debt is manageable relative to first-year earnings, creating a debt-to-income ratio of 0.53 that's lower than many humanities degrees. Still, context matters: you're potentially borrowing $22,000 to access earnings that peer programs typically produce, not a premium above them. Mathematics degrees generally provide good flexibility—data analysis, actuarial work, teaching—but starting at $41,000 limits how quickly graduates can pay down loans and build savings, especially in a state where stronger programs at public universities cost less for in-state students.
If your child is committed to Salem's small-college environment and the $41,000 estimate feels workable for your family's financial situation, the debt load won't be crushing. Just recognize you're likely paying for the experience and community rather than an earnings advantage that the math credential alone would justify.
Where Salem College Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in North Carolina
Mathematics bachelors's programs at peer institutions in North Carolina (44 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $32,236 | $40,888* | — | $21,750* | — | |
| $65,805 | $121,088* | $99,927 | $13,000* | 0.11 | |
| $8,989 | $53,402* | $87,301 | $14,500* | 0.27 | |
| $8,895 | $43,585* | — | $21,256* | 0.49 | |
| $7,214 | $42,740* | $57,150 | $25,000* | 0.58 | |
| $7,361 | $40,888* | $50,943 | $21,500* | 0.53 | |
| 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 Salem College, approximately 49% 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 9 similar programs in NC. Actual outcomes may vary.