Analysis
Wisconsin's applied mathematics programs typically produce stronger first-year earnings than what peer institutions nationally suggest for UW-Madison graduates—around $61,000 versus a state median of $67,000. With an estimated $21,000 in debt, the financial foundation looks reasonable, translating to a debt burden of just 34% of first-year income. That's manageable territory for a quantitative degree, though it's worth noting these figures come from comparable programs nationally rather than UW-Madison's specific outcomes.
The gap between the estimated earnings here and what similar programs achieve within Wisconsin raises questions. UW-Stout's applied math graduates, for instance, report earning that $67,000 state median right out of the gate—about $6,000 more annually than the national benchmark suggests for UW-Madison. Given Madison's stronger selectivity (43% admission rate, 1402 average SAT) and research university advantages, you'd expect outcomes at least matching the state average, if not exceeding it.
The practical implication: your child would likely carry manageable debt regardless, but the return on a UW-Madison applied mathematics degree remains uncertain without actual graduate data. If the program truly performs closer to Wisconsin's typical outcomes rather than the national estimate, the investment strengthens considerably. That $6,000 annual difference compounds significantly over a career in quantitative fields where early earnings often predict long-term trajectories.
Where University of Wisconsin-Madison Stands
Earnings vs. debt across all applied mathematics bachelors's programs nationally
Compare to Similar Programs in Wisconsin
Applied Mathematics bachelors's programs at peer institutions in Wisconsin (7 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $11,205 | $60,930* | — | $21,000* | — | |
| $10,142 | $67,159* | $84,567 | $21,000* | 0.31 | |
| National Median | — | $60,930* | — | $21,393* | 0.35 |
Career Paths
Occupations commonly associated with applied mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Actuaries
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
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 Wisconsin-Madison, approximately 15% 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 44 similar programs. Actual outcomes may vary.