Analysis
Wake Forest's mathematics program shows a striking earnings trajectory that other NC schools rarely match. While peer programs in the state suggest first-year earnings around $41,000, by year four graduates hit $87,000—nearly double the state median and well above what UNC-Chapel Hill and NC State produce. This kind of acceleration hints at strong career outcomes, whether from the school's selective network, robust quantitative training, or both.
The estimated $21,750 in debt sits right at the national median for math degrees, making the debt-to-earnings ratio manageable at 0.53. That's reasonable for a private university with Wake Forest's profile, though it's worth noting that 91% of students don't receive Pell grants—this is primarily serving families with existing resources. Similar programs nationally start graduates closer to $49,000, suggesting Wake Forest's year-one figure may lag behind initial expectations, even if the long-term picture brightens considerably.
The key question is whether that four-year earnings jump reflects consistent outcomes or a few high performers skewing the data. With estimates based on comparable NC programs for year one, there's inherent uncertainty about whether Wake Forest specifically delivers that early acceleration. If the four-year number holds up across graduates, this looks like solid value despite the higher tuition. If it's driven by outliers heading to finance or tech, the typical experience might look closer to the state average.
Where Wake Forest University Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Wake Forest University | — | $87,019 | — |
| Duke University | $121,088 | $99,927 | -17% |
| University of North Carolina at Chapel Hill | $53,402 | $87,301 | +63% |
| University of North Carolina at Charlotte | $42,740 | $57,150 | +34% |
| East Carolina University | $40,888 | $50,943 | +25% |
Compare to Similar Programs in North Carolina
Mathematics bachelors's programs at peer institutions in North Carolina (44 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $64,758 | $40,888* | $87,019 | $21,750* | — | |
| $65,805 | $121,088* | $99,927 | $13,000* | 0.11 | |
| $8,989 | $53,402* | $87,301 | $14,500* | 0.27 | |
| $8,895 | $43,585* | — | $21,256* | 0.49 | |
| $7,214 | $42,740* | $57,150 | $25,000* | 0.58 | |
| $7,361 | $40,888* | $50,943 | $21,500* | 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 Wake Forest University, approximately 9% 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 median of 9 similar programs in NC. Actual outcomes may vary.