Analysis
Wayne State's applied mathematics program sits at an interesting crossroads for a Detroit-area family. Based on comparable bachelor's programs nationally, graduates typically earn around $61,000 in their first year—a solid start that comfortably exceeds the debt burden of roughly $21,000. That 0.34 debt-to-earnings ratio suggests manageable repayment: think annual payments around 10% of pre-tax income on a standard plan. Applied math is one of those versatile degrees that opens doors in finance, tech, data analytics, and engineering sectors—industries with real presence in Southeast Michigan.
What makes this estimate harder to evaluate is the lack of reported data from Michigan's other nine applied math programs. Without that state context, we're relying entirely on national patterns. The admission rate and test scores suggest Wayne State serves a broad student population, including 43% on Pell grants, which often correlates with students needing every dollar of their education to count. The national median suggests this path works financially for most graduates, but individual outcomes vary widely based on factors like internship quality, networking, and whether students pursue the kinds of technical roles that push earnings toward that $72,000 top-quartile figure.
For a family weighing this investment: the fundamentals look reasonable if your student has genuine quantitative aptitude and interest. Applied math requires the math rigor without the academic research focus of pure mathematics, making it more directly career-oriented. Just remember these figures reflect typical national outcomes, not Wayne State's specific track record.
Where Wayne State University Stands
Earnings vs. debt across all applied mathematics bachelors's programs nationally
Compare to Similar Programs Nationally
Applied Mathematics bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $14,297 | $60,930* | — | $21,000* | — | |
| $59,076 | $114,279* | $166,324 | —* | — | |
| $68,230 | $99,193* | $125,979 | $10,000* | 0.10 | |
| $60,952 | $97,700* | — | $25,841* | 0.26 | |
| $65,997 | $94,684* | — | —* | — | |
| $69,045 | $91,559* | — | —* | — | |
| 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 Wayne State University, approximately 43% 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.