Economics at University of Wisconsin-Madison
Bachelor's Degree
Analysis
UW-Madison's economics program delivers solid middle-of-the-pack performance that becomes more impressive over time. While first-year earnings of $54,495 place graduates at the 60th percentile both nationally and within Wisconsin, the real strength emerges in the substantial 28% earnings growth by year four, reaching $69,594. This trajectory suggests the program effectively prepares students for career advancement, even if it doesn't immediately place them at the top of the earnings ladder.
The financial picture is reasonable but not exceptional. At $20,750, median debt sits below both national and state averages for economics programs, creating a manageable debt-to-earnings ratio of 0.38. However, it's worth noting that other Wisconsin programs like UW-Oshkosh show stronger first-year outcomes at $57,663, raising questions about whether Madison's prestige translates to immediate earning power in this field.
For parents, this represents a steady, low-risk investment rather than a standout opportunity. The combination of below-average debt and consistent earnings growth suggests graduates won't struggle financially, but they also won't dramatically outpace peers from less prestigious schools. If your child is passionate about economics and values the broader UW-Madison experience, the numbers support that choice—just don't expect the brand name alone to deliver outsized economic returns in this particular major.
Where University of Wisconsin-Madison 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 Wisconsin-Madison graduates compare to all programs nationally
University of Wisconsin-Madison graduates earn $54k, placing them in the 60th 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 Wisconsin
Economics bachelors's programs at peer institutions in Wisconsin (21 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| University of Wisconsin-Madison | $54,495 | $69,594 | $20,750 | 0.38 |
| University of Wisconsin-Oshkosh | $57,663 | — | $25,000 | 0.43 |
| University of Wisconsin-La Crosse | $53,595 | $57,423 | $25,000 | 0.47 |
| Saint Norbert College | $53,350 | $66,245 | $27,000 | 0.51 |
| University of Wisconsin-Eau Claire | $51,344 | $58,841 | $21,500 | 0.42 |
| University of Wisconsin-Whitewater | $46,404 | $66,835 | $21,698 | 0.47 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in Wisconsin
Compare tuition, earnings, and debt across Wisconsin schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of Wisconsin-Oshkosh Oshkosh | $8,212 | $57,663 | $25,000 |
| University of Wisconsin-La Crosse La Crosse | $9,651 | $53,595 | $25,000 |
| Saint Norbert College De Pere | $44,432 | $53,350 | $27,000 |
| University of Wisconsin-Eau Claire Eau Claire | $9,277 | $51,344 | $21,500 |
| University of Wisconsin-Whitewater Whitewater | $8,250 | $46,404 | $21,698 |
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.
Sample Size: Based on 353 graduates with reported earnings and 343 graduates with debt data. Small samples may not be representative.