Analysis
Buffalo State's economics program shows a concerning gap between what graduates earn and what the state's stronger programs deliver. Starting at $41,547, first-year earnings trail both the New York median ($50,058) and the national benchmark ($51,722) by roughly $10,000—placing this program in the bottom quarter of economics offerings statewide. While the $26,000 debt load is reasonable and manageable at 0.63 times first-year income, the real question is whether the degree opens doors to the higher-paying careers economics majors typically pursue.
The 35% earnings jump to $56,086 by year four offers some reassurance—graduates do see meaningful salary growth that eventually approaches competitive levels. However, this still lags behind what students earn right out of the gate at stronger New York programs. Given that over half of Buffalo State students receive Pell grants, many families are looking at economics as a path to financial mobility, and these numbers suggest the program may not deliver the premium parents expect from an economics degree.
For families considering this program, the calculation depends heavily on alternatives. At Buffalo State's in-state tuition rate and with manageable debt, this could work for students who need an affordable path to a business-adjacent degree and are willing to grind through lower early earnings. But students who can access SUNY's more competitive campuses or afford private alternatives should strongly consider them—the earnings difference compounds significantly over a career.
Where SUNY Buffalo State University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How SUNY Buffalo 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 |
|---|---|---|---|
| SUNY Buffalo State University | $41,547 | $56,086 | +35% |
| Columbia University in the City of New York | $83,135 | $117,355 | +41% |
| Cornell University | $84,967 | $107,248 | +26% |
| Colgate University | $77,274 | $103,456 | +34% |
| Barnard College | $85,860 | $103,309 | +20% |
Compare to Similar Programs in New York
Economics bachelors's programs at peer institutions in New York (74 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $8,486 | $41,547 | $56,086 | $26,000 | 0.63 | |
| $66,246 | $85,860 | $103,309 | $16,750 | 0.20 | |
| $66,014 | $84,967 | $107,248 | $15,500 | 0.18 | |
| $69,045 | $83,135 | $117,355 | $25,000 | 0.30 | |
| $67,805 | $79,845 | $81,561 | $19,000 | 0.24 | |
| $67,024 | $77,274 | $103,456 | $17,500 | 0.23 | |
| 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 SUNY Buffalo State University, approximately 53% 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 72 graduates with reported earnings and 72 graduates with debt data. Small samples may not be representative.