Analysis
Wabash's economics program lands squarely in the middle nationally but trails most Indiana competitors—earning $6,000 less than the state median and ranking in just the 40th percentile statewide. First-year graduates earn $51,815, below what economics majors make at Purdue, IU, and even Ball State. The program does show healthy earnings growth (25% by year four), which helps close some of that gap, but doesn't fully overcome the initial disadvantage in Indiana's competitive economics landscape.
The debt picture offers a significant counterbalance. At $27,000, graduates carry more than the typical economics major nationally, but the low debt-to-earnings ratio of 0.52 means this remains manageable—about six months of pre-tax salary. That's considerably better than many liberal arts colleges achieve, suggesting Wabash successfully balances its private school experience with financial aid that keeps borrowing reasonable.
For families considering Wabash specifically for its distinctive all-male, liberal arts model, the economics program won't hurt career prospects but won't dramatically accelerate them either. If your child has admission offers from Indiana's flagship universities or DePauw, those deliver meaningfully stronger salary outcomes. However, if Wabash's intimate environment and teaching focus matter to your family, the economics degree provides a serviceable foundation without crushing debt—just recognize you're paying for the experience rather than optimizing for pure earnings potential.
Where Wabash College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Wabash College 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 |
|---|---|---|---|
| Wabash College | $51,815 | $64,767 | +25% |
| University of Notre Dame | $76,299 | $100,568 | +32% |
| DePauw University | $63,395 | $87,437 | +38% |
| Indiana University-Bloomington | $59,142 | $74,866 | +27% |
| Hanover College | $45,740 | $65,657 | +44% |
Compare to Similar Programs in Indiana
Economics bachelors's programs at peer institutions in Indiana (28 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $49,125 | $51,815 | $64,767 | $27,000 | 0.52 | |
| $62,693 | $76,299 | $100,568 | $19,965 | 0.26 | |
| $57,070 | $63,395 | $87,437 | $26,978 | 0.43 | |
| $9,992 | $59,187 | $65,456 | $24,700 | 0.42 | |
| $11,790 | $59,142 | $74,866 | $20,500 | 0.35 | |
| $10,758 | $56,782 | — | $22,054 | 0.39 | |
| 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 Wabash College, approximately 23% 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 39 graduates with reported earnings and 39 graduates with debt data. Small samples may not be representative.