Analysis
Illinois economics programs show sharp divisions in outcomes, with elite schools like University of Chicago producing graduates earning over $90,000 while mid-tier programs cluster around $47,000—exactly where comparable programs suggest UIS graduates would land. That estimated first-year salary sits notably below the national median of $51,722 for economics degrees, though it aligns with typical outcomes across Illinois public universities outside the flagship Urbana-Champaign campus.
The estimated $25,000 in debt produces a manageable 0.53 debt-to-earnings ratio, meaning graduates would owe about half their first-year salary. This falls within reasonable territory for a bachelor's degree, particularly since economics majors typically see steady salary growth in their early career years. However, parents should recognize that UIS lacks the elite recruiting pipelines that propel graduates from Northwestern or U of C into high-paying finance and consulting roles.
The real question is opportunity cost. If your student can access stronger economics programs—even at higher sticker prices—the earnings gap between UIS and top-tier schools is substantial enough to matter over a career. But for students seeking an accessible economics credential at a regional public university, the estimated financials here suggest a workable proposition rather than a standout investment. The degree should open doors to entry-level business and government positions, though likely not the competitive corporate roles that justify an economics major at selective institutions.
Where University of Illinois Springfield Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Illinois
Economics bachelors's programs at peer institutions in Illinois (35 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $12,252 | $47,048* | — | $25,000* | — | |
| $66,939 | $92,075* | $127,832 | $13,197* | 0.14 | |
| $65,997 | $84,932* | $105,795 | $16,227* | 0.19 | |
| $43,930 | $62,889* | $60,894 | $21,000* | 0.33 | |
| $16,004 | $58,921* | $75,600 | $21,228* | 0.36 | |
| $37,940 | $54,169* | — | $27,000* | 0.50 | |
| 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 University of Illinois Springfield, approximately 36% 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 15 similar programs in IL. Actual outcomes may vary.