U.S. median for this major: $79,489.
College Scorecard field of study; 71 graduates with earnings reported
Median for graduates who received federal aid.
College Scorecard field of study
About 32% of median earnings 4 years out. U.S. median $22,907.
College Scorecard field of study (federal loans)
Average after grants for all families receiving federal aid. Pick your income above.
Sticker price $71,843. College Scorecard.
St Olaf College Economics: pay against the field, and payback
Same major, other colleges
Median earnings 4 years after graduating; state and U.S. figures are the median of each covered college's graduates in this major. College Scorecard; calculated by EducationGuide.
Economics nationally: jobs, pay at ages 25-34, every state →
Cost to finish and years to pay back, by income
Uses St Olaf College's school-wide net price (no college reports it by major) and this major's graduate earnings.
| Family income | Net price / yr | Cost to finish | Years to pay back |
|---|---|---|---|
| $0–30k | $10,404 | $42,136 | under 1 year |
| $30–48k | $11,342 | $45,935 | 1.0 years |
| $48–75k | $12,584 | $50,965 | 1.1 years |
| $75–110k | $20,367 | $82,486 | 1.8 years |
| $110k+ | $33,166 | $134,322 | 2.9 years |
Cost to finish = yearly price × 4.0 years, the average time graduates took (79% finished in 4 years; students who entered fall 2017, IPEDS). Years to pay back = cost to finish ÷ the earnings gain: median earnings of Economics graduates 4 years after graduating ($84,559) minus $38,184 for high school graduates ages 25-34 in MN (Census ACS 2020-2024), a gain of $46,375 a year. Before taxes, loan interest and earnings given up while in school. Method
College Scorecard; IPEDS Graduation Rates; U.S. Census Bureau ACS. Calculated by EducationGuide.
Economics at Minnesota colleges
Every Minnesota college we cover that reports Economics graduate earnings, highest first. Net price is the school-wide average after grants.
| Rank | College | Earnings, 4 yrs | Median debt | Avg. net price | Graduation |
|---|---|---|---|---|---|
| 1 | Gustavus Adolphus College | $91,252 | $24,474 | $22,900 | 77% |
| 2 | University of St Thomas | $89,881 | $24,600 | $29,155 | 76% |
| 3 | Augsburg University | $88,507 | $27,000 | $23,873 | 52% |
| 4 | St Catherine University | $87,821 | $30,215 | $19,764 | 61% |
| 5 | Carleton College | $87,193 | $19,500 | $25,407 | 90% |
| 6 | Macalester College | $85,593 | $24,000 | $32,149 | 87% |
| 7 | St Olaf College | $84,559 | $27,000 | $23,874 | 84% |
| 8 | University of Minnesota-Twin Cities | $82,488 | $21,500 | $16,778 | 85% |
| 9 | Minnesota State University-Mankato | $80,795 | $21,474 | $19,139 | 54% |
| 10 | Saint Johns University | $80,461 | $27,000 | $25,672 | 75% |
| 11 | University of Minnesota-Duluth | $69,792 | $25,250 | $18,743 | 65% |
10 more Minnesota colleges offer Economics but have too few graduates to report earnings.
Careers for Economics graduates
Secondary School Teachers, Except Special and Career/Technical Education
Median annual wage, all workers. U.S. jobs -0.2% by 2035. Typical entry: bachelor's degree.
Market Research Analysts and Marketing Specialists
Median annual wage, all workers. U.S. jobs +7.0% by 2035. Typical entry: bachelor's degree.
Data Scientists
Median annual wage, all workers. U.S. jobs +34.6% by 2035. Typical entry: bachelor's degree.
BLS Occupational Employment and Wage Statistics, May 2025; Employment Projections 2025-35. Careers from the federal major-to-occupation crosswalk.
What families pay at St Olaf College, by income
School-wide average after grants for students receiving federal aid. Tap your band.
College Scorecard
About St Olaf College
- Acceptance rate: 48% · admissions
- Graduation rate: 84% within 6 years
- Median earnings, all majors, 10 years after starting: $65,543
- Full cost breakdown · all 36 majors · overview
St Olaf College Economics questions
How much do St Olaf College Economics graduates earn?
Economics graduates of St Olaf College earn a median $84,559 four years after graduating and $56,238 one year after. The U.S. median for Economics graduates across 368 colleges is $79,489.
How much debt do St Olaf College Economics graduates have?
The median federal loan debt for Economics graduates of St Olaf College is $27,000, about 32% of their median earnings four years out. Nationally the median is $22,907.
Is St Olaf College a good school for Economics in Minnesota?
On pay, Economics graduates of St Olaf College earn $84,559 four years out, $1,034 below the median for the same major across 11 Minnesota colleges ($85,593) and $5,070 above the U.S. median ($79,489). Medians of each college's graduates; EducationGuide calculation from College Scorecard.
Where does St Olaf College rank for Economics in Minnesota?
Of 11 Minnesota colleges reporting Economics graduate earnings, St Olaf College ranks 7th. The highest is Gustavus Adolphus College at $91,252.
What jobs do Economics graduates get?
A common career is secondary school teachers, except special and career/technical education, with a median wage of $76,460 in Minnesota and $72,040 nationally. Others include market research analysts and marketing specialists and data scientists.
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Sources: U.S. Department of Education College Scorecard (field of study: median earnings and federal loan debt of graduates who received federal aid); BLS. How we score
Data: JSON · Markdown · all datasets
Cite this: “St Olaf College Economics: earnings, debt and careers,” EducationGuide.com, https://educationguide.com/colleges/st-olaf-college/majors/economics (College Scorecard and BLS data).