Analysis
Notre Dame's mathematics program produces strong earners—graduates start at $65K and grow to $88K by year four, well above both national ($49K) and Indiana ($59K) medians. But here's what matters for the anxious parent: you're looking at a small graduating class (under 30 students), which means these numbers could shift considerably year to year. The math majors who do graduate are outearning the national average by 34%, though they're middle-of-the-pack for Indiana, where Rose-Hulman grads earn $86K and IU-Bloomington comes in near $59K.
The $19,000 median debt is manageable—representing just four months of first-year salary—especially when you consider that Notre Dame's 12% admission rate and 1510 average SAT suggest these students likely had multiple options, possibly with merit aid. The 34% earnings growth over four years indicates graduates are finding career traction, whether in finance, tech, or graduate programs.
The real question is whether Notre Dame's premium over state flagship alternatives justifies the investment. With only 12% of students receiving Pell grants, most families here are paying closer to full price. If your child qualifies for significant aid, this is straightforward. If you're paying $300K+ for a math degree, you're banking on Notre Dame's network and recruiting power to deliver outcomes beyond what the small sample size can reliably predict.
Where University of Notre Dame Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Earnings Distribution
How University of Notre Dame graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| University of Notre Dame | $65,302 | $87,725 | +34% |
| Rose-Hulman Institute of Technology | $85,977 | $96,973 | +13% |
| Indiana University-Bloomington | $59,277 | $74,190 | +25% |
| Indiana University-East | $58,764 | $55,844 | -5% |
| Indiana University-Indianapolis | $45,397 | $51,052 | +12% |
Compare to Similar Programs in Indiana
Mathematics bachelors's programs at peer institutions in Indiana (37 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $62,693 | $65,302 | $87,725 | $19,000 | 0.29 | |
| $56,674 | $85,977 | $96,973 | $25,000 | 0.29 | |
| $11,790 | $59,277 | $74,190 | $22,000 | 0.37 | |
| $8,179 | $58,764 | $55,844 | $22,388 | 0.38 | |
| $9,992 | $49,387 | — | $18,820 | 0.38 | |
| $10,449 | $45,397 | $51,052 | $23,868 | 0.53 | |
| National Median | — | $48,772 | — | $21,500 | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
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 26 graduates with reported earnings and 31 graduates with debt data. Small samples may not be representative.