Economics at University of North Carolina at Chapel Hill
Bachelor's Degree
Analysis
UNC Chapel Hill's economics program delivers exceptional value that many parents overlook. With first-year earnings of $65,344—ranking in the 85th percentile nationally and 80th percentile in North Carolina—graduates significantly outperform typical economics majors who earn around $52,000 nationally and $46,000 in-state. More importantly, students graduate with just $15,843 in debt, creating a debt-to-earnings ratio of 0.24 that's among the best you'll find for any four-year program.
The financial advantage becomes even clearer when compared to North Carolina peers. While Duke economics graduates earn more initially, UNC students carry roughly half the typical debt load while still earning substantially more than graduates from other respected programs like Wake Forest or East Carolina. The 21% earnings growth over four years suggests strong career trajectory potential, with median salaries reaching nearly $80,000 by year four.
For families concerned about college affordability, this represents one of the strongest risk-adjusted returns available. The combination of prestigious state university credentials, below-average debt, and above-average earnings creates a compelling value proposition that's hard to match, even at more expensive private institutions.
Where University of North Carolina at Chapel Hill 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 at Chapel Hill graduates compare to all programs nationally
University of North Carolina at Chapel Hill graduates earn $65k, placing them in the 85th 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 at Chapel Hill | $65,344 | $79,084 | $15,843 | 0.24 |
| Duke University | $98,649 | $153,139 | $13,437 | 0.14 |
| Elon University | $69,298 | $73,684 | $19,500 | 0.28 |
| Wake Forest University | $56,416 | $91,751 | $20,927 | 0.37 |
| East Carolina University | $46,425 | $56,602 | $25,375 | 0.55 |
| North Carolina A & T State University | $45,446 | $51,790 | $27,000 | 0.59 |
| 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 |
| Wake Forest University Winston-Salem | $64,758 | $56,416 | $20,927 |
| East Carolina University Greenville | $7,361 | $46,425 | $25,375 |
| North Carolina A & T State University Greensboro | $6,748 | $45,446 | $27,000 |
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 at Chapel Hill, approximately 20% 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 367 graduates with reported earnings and 257 graduates with debt data. Small samples may not be representative.