Analysis
The four-year earnings figure tells the real story here: graduates of comparable Ohio economics programs earn around $51,500 in their first year but jump to $82,277 by year four—a 60% increase that outpaces most bachelor's programs. With estimated debt of $25,000, you're looking at a debt load roughly half the first-year salary, which clears comfortably in the early years and becomes negligible as earnings accelerate.
What's harder to gauge is where Wooster specifically fits within Ohio's economics landscape. The top programs in the state—John Carroll, Oberlin, Cincinnati—report first-year earnings from $58,000 to $65,000, suggesting Wooster's positioning matters. The school's 1370 average SAT and selective (though not highly selective) 54% admission rate indicate a solid student body, but whether that translates to placement advantages in Cleveland, Columbus, or Cincinnati financial sectors isn't captured in these estimates drawn from peer institutions.
The debt-to-earnings picture based on similar programs suggests manageable risk, particularly given economics graduates' typical earnings trajectory. But you're making this decision without knowing how Wooster's specific alumni network, recruiting relationships, or curriculum translate to outcomes. If your child is comparing offers, look hard at where previous graduates landed jobs and whether those employers align with your child's goals—that career services data will tell you more than these statewide estimates can.
Where The College of Wooster Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| The College of Wooster | — | $82,277 | — |
| Miami University-Oxford | $57,379 | $80,452 | +40% |
| Kenyon College | $58,082 | $75,347 | +30% |
| University of Cincinnati-Main Campus | $58,590 | $70,663 | +21% |
| Denison University | $55,087 | $69,793 | +27% |
Compare to Similar Programs in Ohio
Economics bachelors's programs at peer institutions in Ohio (42 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $59,550 | $51,537* | $82,277 | $25,000* | — | |
| $49,100 | $65,098* | $67,845 | $27,000* | 0.41 | |
| $64,646 | $61,713* | $64,495 | $25,000* | 0.41 | |
| $13,570 | $58,590* | $70,663 | $21,264* | 0.36 | |
| $69,330 | $58,082* | $75,347 | $18,718* | 0.32 | |
| $17,809 | $57,379* | $80,452 | $25,500* | 0.44 | |
| 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 The College of Wooster, 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 18 similar programs in OH. Actual outcomes may vary.