Analysis
Based on comparable History programs in Minnesota, St Olaf graduates appear to start around $39,186 and climb to $43,114 by year four—modest but steady growth that suggests the liberal arts foundation translates into career momentum. The estimated $25,812 in debt sits just below the state median and translates to a 0.66 debt-to-earnings ratio, which means roughly eight months of first-year salary to cover the full debt load. That's manageable territory, especially at a selective school where nearly half of applicants don't get in.
What matters here is the institution itself. St Olaf's 1373 average SAT and strong academic reputation carry weight that raw salary figures can't capture—the kind of credential and network that opens doors in teaching, nonprofits, law school pipelines, and corporate training roles where History majors often land. The earnings trajectory from year one to year four suggests graduates are finding their footing, not stalling out. While peer programs like Minnesota-Duluth show slightly higher starting points, St Olaf's outcomes track closely with state norms, and the debt load remains reasonable for a private liberal arts degree.
The caveat: these are estimates drawn from similar Minnesota programs, not St Olaf's actual reported outcomes. For a History degree that's fundamentally about what comes next—grad school, career pivots, long-term earnings—this program appears to set students up without burying them in debt, but confirm the school's actual graduate outcomes and post-grad pathways before committing.
Where St Olaf College Stands
Earnings vs. debt across all history bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| St Olaf College | — | $43,114 | — |
| Amherst College | $56,444 | $114,276 | +102% |
| Harvard University | $53,468 | $89,238 | +67% |
| University of Minnesota-Twin Cities | $26,635 | $43,487 | +63% |
| Minnesota State University-Mankato | $39,186 | $42,443 | +8% |
Compare to Similar Programs in Minnesota
History bachelors's programs at peer institutions in Minnesota (28 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $56,970 | $39,186* | $43,114 | $25,812 | — | |
| $14,318 | $42,297* | — | $26,743 | 0.63 | |
| $9,490 | $39,186* | $42,443 | $27,000 | 0.69 | |
| $16,488 | $26,635* | $43,487 | $19,500 | 0.73 | |
| National Median | — | $31,220* | — | $24,000 | 0.77 |
Career Paths
Occupations commonly associated with history graduates
Natural Sciences Managers
Clinical Research Coordinators
History Teachers, Postsecondary
Historians
Secondary School Teachers, Except Special and Career/Technical Education
Archivists
Curators
Museum Technicians and Conservators
Managers, All Other
Regulatory Affairs Managers
Compliance Managers
Loss Prevention Managers
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.
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 3 similar programs in MN. Actual outcomes may vary.