Analysis
In Minnesota, economics programs show considerable variation in outcomes, with top-tier schools like Carleton and St. Catherine producing first-year earnings above $64,000. Based on comparable programs across the state, Winona State economics graduates appear to start around $56,570—roughly matching the state median and notably exceeding the national benchmark of $51,722. That's a solid regional showing, though below the state's elite liberal arts colleges.
The estimated $21,500 in debt is actually lower than both state and national medians for economics degrees, yielding a debt-to-earnings ratio of 0.38. This suggests graduates from similar programs would be earning more than twice what they owe—a manageable financial position for starting a career in business, finance, or policy work. The lighter debt burden matters particularly for economics majors who might pursue graduate education or take lower-paying entry positions in nonprofit or government sectors.
The challenge is uncertainty: these figures come from peer programs in Minnesota, not Winona State's specific track record. If you're seriously considering this program, request placement data directly from the economics department—where do recent graduates actually work, and what are they earning? The estimated numbers suggest reasonable value, but confirming those outcomes with actual alumni experiences would turn this from an educated guess into an informed decision.
Where Winona State University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in Minnesota
Economics bachelors's programs at peer institutions in Minnesota (23 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $10,498 | $56,570* | — | $21,500* | — | |
| $65,457 | $66,567* | $83,775 | $19,500* | 0.29 | |
| $49,758 | $64,916* | — | $30,215* | 0.47 | |
| $52,284 | $60,323* | $68,704 | $24,600* | 0.41 | |
| $64,908 | $59,752* | $83,794 | $24,000* | 0.40 | |
| $16,488 | $56,902* | $76,116 | $21,500* | 0.38 | |
| 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 Winona State University, approximately 23% 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 10 similar programs in MN. Actual outcomes may vary.