Analysis
South Dakota State's economics program manages debt well but lags in earnings outcomes. Starting graduates at $44,663 puts them roughly $7,000 below the national median and nearly $5,000 below what other South Dakota economics programs typically deliver. Even ranking at the 40th percentile among the state's five economics programs—essentially middle of the pack—the University of South Dakota graduates start nearly $8,000 higher.
The debt picture offers some relief: at $26,062, it's below both state and national averages, and the 0.58 debt-to-earnings ratio means graduates owe just over half their first-year salary. The 28% earnings growth to $57,087 by year four shows solid career progression, though even at that point graduates remain below where many peers start. For context, this is an open-admission institution where 99% of applicants are accepted, which may partially explain the earnings gap.
For families prioritizing affordability over maximum earning potential, this program delivers manageable debt without standout returns. But if your child is competitive enough to gain admission elsewhere—particularly at USD—the earnings premium could justify exploring other options, even if it means slightly higher initial debt loads.
Where South Dakota State University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How South Dakota State University 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 |
|---|---|---|---|
| South Dakota State University | $44,663 | $57,087 | +28% |
| Duke University | $98,649 | $153,139 | +55% |
| University of Chicago | $92,075 | $127,832 | +39% |
| Amherst College | $90,568 | $127,636 | +41% |
| University of South Dakota | $52,857 | $62,502 | +18% |
Compare to Similar Programs in South Dakota
Economics bachelors's programs at peer institutions in South Dakota (5 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $9,299 | $44,663 | $57,087 | $26,062 | 0.58 | |
| $9,432 | $52,857 | $62,502 | $20,819 | 0.39 | |
| 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 South Dakota State University, approximately 16% 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 48 graduates with reported earnings and 61 graduates with debt data. Small samples may not be representative.