Analysis
In North Dakota's tight market for economics degrees—just three programs statewide—comparable programs nationally suggest first-year earnings around $52,000 against estimated debt of $21,650. That 0.42 debt-to-earnings ratio falls comfortably within manageable territory, meaning graduates would owe roughly five months of their first year's salary. For context, economics bachelor's programs across the country cluster around these same figures, with $51,700 as the national median and debt hovering near $23,000.
The challenge here isn't the financial math—it's the lack of program-specific data. When the Department of Education suppresses figures due to small graduate samples, we're left comparing UND to the broader national landscape rather than seeing how this particular program's graduates actually fare. Similar programs suggest the degree should pay for itself reasonably quickly, but without knowing whether UND's economics graduates land the finance jobs in Fargo or struggle to compete with students from larger regional universities, you're making decisions in the dark.
For families comfortable with uncertainty, the estimated numbers point to a sound investment. But if your student is choosing between this and programs with actual reported outcomes, those schools are showing you real evidence of graduate success rather than asking you to trust peer-program projections.
Where University of North Dakota Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs Nationally
Economics bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $10,951 | $51,722* | — | $21,650* | — | |
| $59,076 | $103,993* | $124,570 | $6,617* | 0.06 | |
| $59,710 | $103,041* | — | $11,250* | 0.11 | |
| $65,805 | $98,649* | $153,139 | $13,437* | 0.14 | |
| $62,484 | $98,104* | $127,416 | $12,500* | 0.13 | |
| $65,739 | $94,675* | $118,120 | $18,400* | 0.19 | |
| 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 North Dakota, approximately 16% 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 national median of 351 similar programs. Actual outcomes may vary.