Analysis
Notre Dame's Area Studies program shows a puzzling disconnect: you're looking at one of America's most selective universities (12% acceptance rate, 1510 average SAT) producing graduates who earn $35,304 their first year out—essentially matching the national median for this field. Within Indiana, this ranks 60th percentile among Area Studies programs, but that comparison means little when there are only 8 programs statewide.
The $19,250 debt load is reasonable, translating to a manageable 0.55 debt-to-earnings ratio. However, the real question is opportunity cost. Students with the credentials to gain admission to Notre Dame—and families paying its price tag—might reasonably expect stronger early-career outcomes. Area Studies programs typically serve as foundations for graduate school or careers requiring advanced degrees, which could explain the modest starting salary. But with fewer than 30 graduates in this dataset, these numbers may not represent the program's typical trajectory.
If your child is genuinely passionate about interdisciplinary area studies and plans to pursue graduate education, Notre Dame's academic reputation and alumni network provide real advantages that aren't captured in first-year earnings. But if the goal is immediate career ROI from an undergraduate degree alone, the numbers suggest this particular major at this particular price point requires careful consideration of the longer-term career path.
Where University of Notre Dame Stands
Earnings vs. debt across all area studies bachelors's programs nationally
Earnings Distribution
How University of Notre Dame graduates compare to all programs nationally
Compare to Similar Programs Nationally
Area Studies bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $62,693 | $35,304 | — | $19,250 | 0.55 | |
| $64,700 | $55,618 | $62,139 | — | — | |
| $6,368 | $54,607 | — | $34,213 | 0.63 | |
| $25,040 | $53,779 | $59,898 | $15,250 | 0.28 | |
| $14,850 | $50,728 | $77,557 | $14,972 | 0.30 | |
| $17,809 | $50,637 | $54,114 | $20,552 | 0.41 | |
| National Median | — | $34,211 | — | $20,552 | 0.60 |
Career Paths
Occupations commonly associated with area studies graduates
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 Notre Dame, approximately 12% 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 23 graduates with reported earnings and 24 graduates with debt data. Small samples may not be representative.