Analysis
When first-year earnings barely budge over four years—$57,299 rising to just $59,327—something's not adding up for a Wheaton economics degree. Based on comparable Massachusetts programs, graduates appear to start at roughly the state median, but then their earnings stall in a way that stands in stark contrast to the state's elite liberal arts colleges, where economics graduates from Amherst, Wellesley, and Williams see dramatically different trajectories.
The $27,000 debt load is manageable by national standards—well below both the national and state medians for economics programs. That 0.47 debt-to-earnings ratio means graduates owe less than half their first-year salary, which creates breathing room most programs don't offer. But the real concern here is the earnings plateau. Economics graduates typically see meaningful salary growth in their early career years as they move into analyst and specialist roles, yet these figures suggest Wheaton's graduates aren't experiencing that progression.
This could reflect several possibilities: perhaps graduates are entering lower-paying nonprofit or education sectors rather than finance and consulting, or maybe the small sample size that triggered data suppression masks significant variation in outcomes. Given the uncertainty in the estimates and the puzzling earnings pattern, parents should look closely at where recent Wheaton economics graduates actually landed—job titles and employers matter more than the major itself when predicting whether this degree will launch a lucrative career.
Where Wheaton College (Massachusetts) Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Wheaton College (Massachusetts) | — | $59,327 | — |
| Amherst College | $90,568 | $127,636 | +41% |
| Harvard University | $103,993 | $124,570 | +20% |
| Williams College | $80,888 | $115,082 | +42% |
| Tufts University | $75,125 | $105,444 | +40% |
Compare to Similar Programs in Massachusetts
Economics bachelors's programs at peer institutions in Massachusetts (38 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $62,080 | $57,299* | $59,327 | $27,000 | — | |
| $59,076 | $103,993* | $124,570 | $6,617 | 0.06 | |
| $67,280 | $90,568* | $127,636 | $16,662 | 0.18 | |
| $64,320 | $86,367* | $91,749 | $11,190 | 0.13 | |
| $64,860 | $80,888* | $115,082 | $12,925 | 0.16 | |
| $67,844 | $75,125* | $105,444 | $17,850 | 0.24 | |
| 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 Wheaton College (Massachusetts), approximately 20% 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 21 similar programs in MA. Actual outcomes may vary.