Median Earnings (1yr)
$36,329
93rd percentile (60th in MN)
Median Debt
$25,000
At national median
Debt-to-Earnings
0.69
Manageable
Sample Size
18
Limited data

Analysis

St. Olaf's religion graduates earn 43% more than the national median for this major—a significant premium that places them in the 93rd percentile nationally. With first-year earnings of $36,329 versus the typical $25,450, this program substantially outperforms most religious studies degrees. The $25,000 in debt, while not trivial, translates to a manageable 0.69 debt-to-earnings ratio.

However, the Minnesota picture is more nuanced. At the 60th percentile statewide, St. Olaf sits in the middle of the pack among Minnesota's 12 religion programs, which generally perform better than the national pool. The school's selectivity (52% admission rate, 1373 average SAT) and strong liberal arts reputation likely help graduates leverage their degrees into diverse career paths that value critical thinking and cultural literacy.

The major caveat: this data reflects fewer than 30 graduates, so individual outcomes vary considerably. But for families drawn to religious studies at a selective liberal arts college, St. Olaf delivers earnings well above what most programs produce nationally, with debt levels that won't become overwhelming. This represents solid value for a humanities degree, particularly if your student plans to pursue graduate school or careers where St. Olaf's alumni network and academic rigor provide advantages.

Where St Olaf College Stands

Earnings vs. debt across all religion/religious studies bachelors's programs nationally

St Olaf CollegeOther religion/religious studies 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 $36k, placing them in the 93th percentile of all religion/religious studies bachelors programs nationally.

Compare to Similar Programs in Minnesota

Religion/Religious Studies bachelors's programs at peer institutions in Minnesota (12 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
St Olaf College$36,329$25,0000.69
University of St Thomas$27,496$42,622$19,5000.71
National Median$25,450$25,0000.98

Other Religion/Religious Studies Programs in Minnesota

Compare tuition, earnings, and debt across Minnesota schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of St Thomas
Saint Paul
$52,284$27,496$19,500

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 18 graduates with reported earnings and 23 graduates with debt data. Small samples may not be representative.