Median Earnings (1yr)
$40,078
10th percentile
25th percentile in New York
Median Debt
$20,225
11% below national median

Analysis

UB's economics program sits in the bottom quarter of New York state programs, with first-year earnings of $40,078 falling about $10,000 short of the state median and $11,600 below the national benchmark. That's a significant gap for a flagship SUNY school, especially when elite New York programs like Barnard and Cornell are producing graduates earning double that amount. The debt burden of $20,225 is reasonableβ€”creating a manageable 0.50 debt-to-earnings ratioβ€”but that's cold comfort when the starting point is already well below par.

The silver lining here is momentum: earnings jump 35% by year four, reaching $54,178. That suggests graduates are finding their footing and moving into better positions, though even that four-year mark only brings them to the national first-year average for economics majors. With a 69% admission rate and moderate SAT scores, UB serves a different population than the Ivies and elite liberal arts colleges dominating New York's economics rankings, but the earnings gap persists even when accounting for that difference.

For families choosing UB for its in-state tuition advantage, this program delivers eventual career progress but a notably slower launch than most economics degrees. If your child is drawn to economics, they should understand they'll likely need patience and possibly graduate school to reach competitive earning levels. The low debt makes that runway affordable, but the four-year trajectory still leaves them playing catch-up.

Where University at Buffalo Stands

Earnings vs. debt across all economics bachelors's programs nationally

Earnings Distribution

How University at Buffalo graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
University at Buffalo$40,078$54,178+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)

Scroll to see more β†’

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
University at BuffaloBuffalo$10,782$40,078$54,178$20,2250.50
Barnard CollegeNew York$66,246$85,860$103,309$16,7500.20
Cornell UniversityIthaca$66,014$84,967$107,248$15,5000.18
Columbia University in the City of New YorkNew York$69,045$83,135$117,355$25,0000.30
Vassar CollegePoughkeepsie$67,805$79,845$81,561$19,0000.24
Colgate UniversityHamilton$67,024$77,274$103,456$17,5000.23
National Medianβ€”$51,722β€”$22,8160.44

Career Paths

Occupations commonly associated with economics graduates

Economists

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

$115,440/yrJobs growth:Master's degree

Environmental Economists

Conduct economic analysis related to environmental protection and use of the natural environment, such as water, air, land, and renewable energy resources. Evaluate and quantify benefits, costs, incentives, and impacts of alternative options using economic principles and statistical techniques.

$115,440/yrJobs growth:Master's degree

Data Scientists

Develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Visualize, interpret, and report data findings. May create dynamic data reports.

$112,590/yrJobs growth:Bachelor's degree

Business Intelligence Analysts

Produce financial and market intelligence by querying data repositories and generating periodic reports. Devise methods for identifying data patterns and trends in available information sources.

$112,590/yrJobs growth:Bachelor's degree

Clinical Data Managers

Apply knowledge of health care and database management to analyze clinical data, and to identify and report trends.

$112,590/yrJobs growth:Bachelor's degree

Statisticians

Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.

$104,350/yrJobs growth:Master's degree

Biostatisticians

Develop and apply biostatistical theory and methods to the study of life sciences.

$104,350/yrJobs growth:Master's degree

Economics Teachers, Postsecondary

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Market Research Analysts and Marketing Specialists

Research conditions in local, regional, national, or online markets. Gather information to determine potential sales of a product or service, or plan a marketing or advertising campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution. May employ search marketing tactics, analyze web metrics, and develop recommendations to increase search engine ranking and visibility to target markets.

$76,950/yrJobs growth:Bachelor's degree

Search Marketing Strategists

Employ search marketing tactics to increase visibility and engagement with content, products, or services in Internet-enabled devices or interfaces. Examine search query behaviors on general or specialty search engines or other Internet-based content. Analyze research, data, or technology to understand user intent and measure outcomes for ongoing optimization.

$76,950/yrJobs growth:Bachelor's degree

Secondary School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the secondary school level.

$64,580/yrJobs growth:Bachelor's degree

Survey Researchers

Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams.

$63,380/yrJobs growth:Master's degree
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 University at Buffalo, approximately 32% 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 110 graduates with reported earnings and 113 graduates with debt data. Small samples may not be representative.