Economics at University at Buffalo
Bachelor's Degree
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 reasonable—creating a manageable 0.50 debt-to-earnings ratio—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
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 University at Buffalo graduates compare to all programs nationally
University at Buffalo graduates earn $40k, placing them in the 10th 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 New York
Economics bachelors's programs at peer institutions in New York (74 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| University at Buffalo | $40,078 | $54,178 | $20,225 | 0.50 |
| Barnard College | $85,860 | $103,309 | $16,750 | 0.20 |
| Cornell University | $84,967 | $107,248 | $15,500 | 0.18 |
| Columbia University in the City of New York | $83,135 | $117,355 | $25,000 | 0.30 |
| Vassar College | $79,845 | $81,561 | $19,000 | 0.24 |
| Colgate University | $77,274 | $103,456 | $17,500 | 0.23 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in New York
Compare tuition, earnings, and debt across New York schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Barnard College New York | $66,246 | $85,860 | $16,750 |
| Cornell University Ithaca | $66,014 | $84,967 | $15,500 |
| Columbia University in the City of New York New York | $69,045 | $83,135 | $25,000 |
| Vassar College Poughkeepsie | $67,805 | $79,845 | $19,000 |
| Colgate University Hamilton | $67,024 | $77,274 | $17,500 |
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 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.