Economics at University of North Carolina Asheville
Bachelor's Degree
Analysis
UNC Asheville's economics program shows a stark disconnect between what graduates earn immediately after college and what they earn a few years later. That first-year figure of $28,301 ranks in just the 10th percentile among North Carolina economics programs—well below the state median of $46,425 and less than half what Duke or UNC Chapel Hill graduates earn. However, earnings more than double by year four to $52,466, suggesting graduates may be taking lower-paid internships or entry positions before transitioning into better-compensated work.
The modest debt load of $18,791 provides some cushion during those lean early years. Still, starting at under $30,000 means those first few years could be financially challenging, particularly if graduates remain in Asheville where living costs have risen. The sample size here is quite small (fewer than 30 graduates), which means these numbers could swing significantly with just a few data points—one graduate going to law school or another taking a nonprofit job could skew the averages.
For families considering this program, understand that you're likely looking at a difficult first year or two financially, even with the reasonable debt burden. The strong earnings growth suggests graduates eventually find their footing, but that trajectory depends heavily on individual career paths. If your child needs immediate earning power after graduation, this pattern should factor into your planning.
Where University of North Carolina Asheville 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 North Carolina Asheville graduates compare to all programs nationally
University of North Carolina Asheville graduates earn $28k, placing them in the 5th 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 North Carolina
Economics bachelors's programs at peer institutions in North Carolina (26 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| University of North Carolina Asheville | $28,301 | $52,466 | $18,791 | 0.66 |
| Duke University | $98,649 | $153,139 | $13,437 | 0.14 |
| Elon University | $69,298 | $73,684 | $19,500 | 0.28 |
| University of North Carolina at Chapel Hill | $65,344 | $79,084 | $15,843 | 0.24 |
| Wake Forest University | $56,416 | $91,751 | $20,927 | 0.37 |
| East Carolina University | $46,425 | $56,602 | $25,375 | 0.55 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in North Carolina
Compare tuition, earnings, and debt across North Carolina schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Duke University Durham | $65,805 | $98,649 | $13,437 |
| Elon University Elon | $44,536 | $69,298 | $19,500 |
| University of North Carolina at Chapel Hill Chapel Hill | $8,989 | $65,344 | $15,843 |
| Wake Forest University Winston-Salem | $64,758 | $56,416 | $20,927 |
| East Carolina University Greenville | $7,361 | $46,425 | $25,375 |
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 North Carolina Asheville, approximately 31% 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 25 graduates with reported earnings and 23 graduates with debt data. Small samples may not be representative.