Median Earnings (1yr)
$51,212
48th percentile (60th in CA)
Median Debt
$19,303
15% below national median
Debt-to-Earnings
0.38
Manageable
Sample Size
21
Limited data

Analysis

UC Merced's economics program lands right at California's median for first-year earnings ($51,212), but here's what makes it stand out: graduates climb to $66,770 by year four—a 30% jump that suggests solid career trajectory despite the modest start. Among California's 55 economics programs, this ranks in the 60th percentile, meaning it outperforms roughly half the state's offerings while keeping debt manageable at $19,303.

The value equation looks reasonable for a UC education. That debt level translates to a 0.38 ratio against first-year earnings—well below the threshold where repayment becomes burdensome. Given that nearly 60% of students receive Pell grants, this accessibility combined with moderate debt makes it workable for families who can't afford Stanford's or Berkeley's competition. The earnings growth after graduation indicates employers value these degrees more over time.

The catch: we're looking at a small sample size here (under 30 graduates), so individual circumstances could swing these numbers considerably. But for California families seeking an affordable UC option, Merced delivers economics training that leads to steady earnings progression without the crushing debt loads that plague many programs. The four-year earnings figure approaches what many graduates earn initially at pricier private schools.

Where University of California-Merced Stands

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

University of California-MercedOther economics programs

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 of California-Merced graduates compare to all programs nationally

University of California-Merced graduates earn $51k, placing them in the 48th 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)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
University of California-Merced$51,212$66,770$19,3030.38
Stanford University$98,104$127,416$12,5000.13
Claremont McKenna College$89,505$115,832$12,0000.13
University of California-Berkeley$80,446$106,624$13,0000.16
Santa Clara University$76,606$102,794$19,5000.25
Pomona College$70,051$100,669
National Median$51,722$22,8160.44

Other Economics Programs in California

Compare tuition, earnings, and debt across California schools

SchoolIn-State TuitionEarnings (1yr)Debt
Stanford University
Stanford
$62,484$98,104$12,500
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

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 of California-Merced, approximately 59% 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 21 graduates with reported earnings and 19 graduates with debt data. Small samples may not be representative.