Economics at Stanford University
Bachelor's Degree
Analysis
Stanford economics graduates start near six figures—$98,104 in their first year—which doubles the national median and places them at the very top of California programs, outearning even Claremont McKenna. The debt burden is remarkably light at $12,500, well below both state and national averages, creating a debt-to-earnings ratio of just 0.13. That means graduates owe roughly six weeks of salary, an exceptional outcome even for elite programs.
The trajectory looks strong too, with earnings climbing 30% to $127,416 by year four. While the sample size is small (under 30 graduates) and might not capture the full range of outcomes, the direction is clear: graduates are entering high-paying roles in finance, consulting, or tech—sectors where Stanford's network and recruiting pipeline create substantial advantages. The 4% admission rate means these students were already exceptional, but the program appears to deliver on its promise.
For families who can secure admission and manage Stanford's costs (generous aid helps—19% receive Pell grants), the numbers justify the investment. The real question isn't whether the program performs well—it clearly does—but whether your student can get in and whether the non-monetary aspects of Stanford's environment align with their goals.
Where Stanford University Stands
Earnings vs. debt across all economics bachelors's programs nationally
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 Stanford University graduates compare to all programs nationally
Stanford University graduates earn $98k, placing them in the 95th percentile of all economics 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 California
Economics bachelors's programs at peer institutions in California (55 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Stanford University | $98,104 | $127,416 | $12,500 | 0.13 |
| Claremont McKenna College | $89,505 | $115,832 | $12,000 | 0.13 |
| University of California-Berkeley | $80,446 | $106,624 | $13,000 | 0.16 |
| Santa Clara University | $76,606 | $102,794 | $19,500 | 0.25 |
| Pomona College | $70,051 | $100,669 | — | — |
| California Polytechnic State University-San Luis Obispo | $67,501 | $76,499 | $18,500 | 0.27 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in California
Compare tuition, earnings, and debt across California schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Claremont McKenna College Claremont | $64,150 | $89,505 | $12,000 |
| University of California-Berkeley Berkeley | $14,850 | $80,446 | $13,000 |
| Santa Clara University Santa Clara | $59,241 | $76,606 | $19,500 |
| Pomona College Claremont | $62,326 | $70,051 | — |
| California Polytechnic State University-San Luis Obispo San Luis Obispo | $11,075 | $67,501 | $18,500 |
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 Stanford University, approximately 19% 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 29 graduates with reported earnings and 20 graduates with debt data. Small samples may not be representative.