Economics at Whitman College
Bachelor's Degree
Analysis
Whitman's economics program starts slowly but builds momentum—though the small sample size means your child's experience could vary significantly from these numbers. First-year earnings of $47,000 trail the national median by nearly $5,000, placing Whitman in the bottom third nationally. However, the program beats Washington's state median and ranks in the 60th percentile among state schools, suggesting it delivers decent value for an in-state option. The $17,500 typical debt load is manageable, representing just 37% of first-year earnings.
The real story emerges by year four, when median earnings jump to $75,000—a 60% increase that dramatically outpaces typical career trajectories. This suggests either strong graduate school outcomes or delayed entry into fields like consulting and finance where Whitman's liberal arts network may provide advantages. Still, Whitman lags behind University of Washington ($54,000 starting) and Whitworth ($63,000), both of which likely offer stronger immediate placement.
For families comfortable with a slower career launch and betting on long-term growth, the debt-to-earnings math works. But remember: with fewer than 30 graduates in this data, one or two outliers earning six figures could skew these medians significantly. If your child needs immediate post-graduation income or certainty about outcomes, larger programs with more predictable placement records warrant serious consideration.
Where Whitman College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Whitman College graduates compare to all programs nationally
Whitman College graduates earn $47k, placing them in the 30th percentile of all economics bachelors programs nationally.
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.
Compare to Similar Programs in Washington
Economics bachelors's programs at peer institutions in Washington (12 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Whitman College | $46,832 | $74,766 | $17,500 | 0.37 |
| Whitworth University | $63,134 | — | — | — |
| University of Washington-Seattle Campus | $53,934 | $74,130 | $14,166 | 0.26 |
| Central Washington University | $52,129 | $68,051 | $15,000 | 0.29 |
| University of Puget Sound | $48,153 | $61,261 | $26,031 | 0.54 |
| Western Washington University | $45,401 | $67,444 | $19,000 | 0.42 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in Washington
Compare tuition, earnings, and debt across Washington schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Whitworth University Spokane | $50,920 | $63,134 | — |
| University of Washington-Seattle Campus Seattle | $12,643 | $53,934 | $14,166 |
| Central Washington University Ellensburg | $9,192 | $52,129 | $15,000 |
| University of Puget Sound Tacoma | $59,900 | $48,153 | $26,031 |
| Western Washington University Bellingham | $9,286 | $45,401 | $19,000 |
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 Whitman College, approximately 15% 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 23 graduates with reported earnings and 20 graduates with debt data. Small samples may not be representative.