Median Earnings (1yr)
$44,020
61st percentile (40th in MN)
Median Debt
$24,988
4% above national median
Debt-to-Earnings
0.57
Manageable
Sample Size
22
Limited data

Analysis

St. Olaf's chemistry program graduates start modestly at $44,020 but see solid earnings growth to nearly $58,000 by year four—a 31% jump that suggests many graduates successfully transition into better-paying roles or graduate programs. The debt load of about $25,000 is manageable, creating a debt-to-earnings ratio of 0.57 that keeps financial pressure reasonable even during those lower-earning early years.

The state comparison, however, reveals an important nuance. While St. Olaf outperforms the national chemistry median slightly, it falls short of Minnesota's program median of $46,062, landing in just the 40th percentile statewide. Top Minnesota programs like Hamline and the University of Minnesota system produce notably higher starting salaries. Given St. Olaf's selective admissions (SAT average of 1373), parents might expect stronger placement outcomes relative to state peers.

The small sample size here matters—with fewer than 30 graduates in the data, one or two outliers could skew these numbers significantly. For a family choosing St. Olaf specifically for chemistry, the earnings trajectory looks promising, but the relatively modest starting salary compared to in-state alternatives suggests students may need to be strategic about internships and post-graduation plans to maximize their return on this investment.

Where St Olaf College Stands

Earnings vs. debt across all chemistry bachelors's programs nationally

St Olaf CollegeOther chemistry programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How St Olaf College graduates compare to all programs nationally

St Olaf College graduates earn $44k, placing them in the 61th percentile of all chemistry bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Minnesota

Chemistry bachelors's programs at peer institutions in Minnesota (26 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
St Olaf College$44,020$57,761$24,9880.57
Hamline University$50,007———
University of Minnesota-Twin Cities$47,451$64,031$21,1580.45
University of Minnesota-Duluth$44,674$66,981$22,5000.50
National Median$42,581—$24,0000.56

Other Chemistry Programs in Minnesota

Compare tuition, earnings, and debt across Minnesota schools

SchoolIn-State TuitionEarnings (1yr)Debt
Hamline University
Saint Paul
$48,311$50,007—
University of Minnesota-Twin Cities
Minneapolis
$16,488$47,451$21,158
University of Minnesota-Duluth
Duluth
$14,318$44,674$22,500

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 St Olaf 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.

Sample Size: Based on 22 graduates with reported earnings and 29 graduates with debt data. Small samples may not be representative.