Analysis
Washington & Jefferson's economics graduates start below the middle of the pack but show impressive upward mobility. With earnings jumping 28% from $50,402 to $64,490 over four years, these graduates are clearly building valuable career momentum—even if they're not commanding top salaries straight out of college. Among Pennsylvania's 49 economics programs, this ranks in the 40th percentile, which means it trails stronger programs like Penn ($89K) and CMU ($86K) but beats many state competitors.
The debt picture is genuinely excellent. At $27,000, graduates owe just slightly more than the national median, with a debt-to-earnings ratio of 0.54 that's highly manageable. More importantly, as earnings continue growing into the mid-$60s by year four, that debt burden becomes increasingly easy to handle.
For families considering this program, the question comes down to whether you're comfortable with a slower start in exchange for solid career progression. If your child is entrepreneurial or planning for graduate school—where the later earnings growth matters more—this could work well. But students expecting immediate post-graduation earning power should know they'll likely start in the bottom half of Pennsylvania economics grads, even if they catch up over time.
Where Washington & Jefferson College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How Washington & Jefferson 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 |
|---|---|---|---|
| Washington & Jefferson College | $50,402 | $64,490 | +28% |
| University of Pennsylvania | $89,097 | $125,816 | +41% |
| Swarthmore College | $76,944 | $105,566 | +37% |
| Carnegie Mellon University | $86,284 | $94,093 | +9% |
| Lafayette College | $68,164 | $88,504 | +30% |
Compare to Similar Programs in Pennsylvania
Economics bachelors's programs at peer institutions in Pennsylvania (49 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $28,185 | $50,402 | $64,490 | $27,000 | 0.54 | |
| $66,104 | $89,097 | $125,816 | $14,000 | 0.16 | |
| $63,829 | $86,284 | $94,093 | $22,020 | 0.26 | |
| $62,412 | $76,944 | $105,566 | $19,500 | 0.25 | |
| $60,663 | $70,967 | $83,676 | $29,000 | 0.41 | |
| $64,772 | $70,946 | $79,134 | $25,888 | 0.36 | |
| 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 Washington & Jefferson College, approximately 29% 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 45 graduates with reported earnings and 51 graduates with debt data. Small samples may not be representative.