Economics at University of New Mexico-Main Campus
Bachelor's Degree
Analysis
UNM's economics program starts graduates below the national median but shows remarkable momentum, with earnings jumping 28% to nearly $56,000 by year four. That growth trajectory matters more than the initial lag—while first-year graduates earn about $8,000 less than the national economics median, they're closing that gap steadily and doing so with manageable debt at $18,450.
The state context reveals an interesting wrinkle: this program ranks in the 60th percentile among New Mexico economics degrees, though only two schools in the state offer the major. The more relevant comparison is national, where UNM sits at the 20th percentile for starting earnings. However, the debt-to-earnings ratio of 0.42 remains reasonable, meaning graduates typically earn more than twice their debt in their first year—a workable position even with below-average starting salaries.
The real question is whether that strong earnings growth continues beyond year four. For students planning to stay in New Mexico's economy, these numbers reflect realistic local outcomes. For those targeting higher-paying markets elsewhere, the relatively open admissions and solid fundamentals make this a viable stepping stone, though they should be prepared to invest in networking and internships to compensate for the slower start. The value here depends heavily on what students do with the degree after graduation.
Where University of New Mexico-Main Campus 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 of New Mexico-Main Campus graduates compare to all programs nationally
University of New Mexico-Main Campus graduates earn $44k, placing them in the 20th 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 Mexico
Economics bachelors's programs at peer institutions in New Mexico (2 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| University of New Mexico-Main Campus | $43,656 | $55,891 | $18,450 | 0.42 |
| National Median | $51,722 | — | $22,816 | 0.44 |
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 New Mexico-Main Campus, 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.
Sample Size: Based on 31 graduates with reported earnings and 37 graduates with debt data. Small samples may not be representative.