Economics at Colby College

Waterville, ME · Private nonprofit · Bachelor's Degree
73 /100
DegreeOutlook Score (Base Case)
74
Optimistic
73
Base Case
69
Pessimistic
Earnings $76,401/yr (42% vs median)
AI Risk Very High (56% exposed)
Job Market Very Large (293,500 openings/yr)
ROI 4.5x earnings multiple
Ranked #62 of 351 Economics programs Top 25%

How AI Changes the Outlook

Three scenarios based on how aggressively AI disrupts the career paths available to Economics graduates.

Optimistic
No Disruption
Base Case
Gradual AI
Pessimistic
Aggressive AI
10-Year Earnings $1,293K $1,211K $957K
Earnings Multiple 4.9x 4.5x 3.6x
Probability of Field Employment 66% 60% 41%
DegreeOutlook Score 74 73 69

10-Year Earnings Projection

*Year 1 uses actual reported earnings. Scenarios diverge as AI impact compounds over time.

4-Year Tuition (Sticker)
$266,400
4-Year Net Price (After Aid)
$95,756
64% less than sticker · See by income
Median Debt at Graduation
$24,250
3.8 months of Year 1 earnings
Reported Earnings (5 Year)
$142,245
86% growth from Year 1

Program Analysis

At $76,401 per year, Economics graduates from Colby College significantly outpace the $53,966 national average for this major, reflecting strong employer demand for this program's graduates.

An earnings multiple of 4.5x means ten-year projected earnings exceed tuition, but not by a dramatic margin. Returns are positive but modest.

Some AI exposure exists in Economics's typical career paths, with 56% of job tasks potentially affected. The pessimistic scenario still projects solid returns, with a 26% gap from the optimistic case.

The median debt load of $24,250 represents less than half a year of starting salary — among the lightest debt-to-income ratios we track.

At #62 of 351 nationally, this is a top-5% Economics program. Financial outcomes consistently outperform the vast majority of peers.

Five-year earnings of $142,245 show a 86% jump from the $76,401 starting point — strong upward trajectory suggesting real career acceleration.

About Colby College

With just 7% of applicants admitted, Colby College ranks among the nation's most selective schools, with a smaller student body of 2,282 in Waterville, ME. The average net cost of $95,756 over four years represents a 64% discount from published tuition.

See all programs and financial aid at Colby College →

Top Career Paths

Managers, all other $136,550/yr
Economics teachers, postsecondary $119,980/yr
Economists $115,440/yr
View all 9 career paths with salary ranges and AI risk →

Compare & Explore

Economics at Other Schools

Other Majors at Colby College

Is a Trade Program a Better Fit?

For students who prefer applied learning, trade programs can deliver strong earnings with significantly less debt and shorter time to employment.

Frequently Asked Questions

What is the DegreeOutlook Score for Economics at Colby College?
This program scores 73/100 — placing it among the stronger programs for Economics nationally. The score reflects above-average earnings, manageable AI risk, and solid financial return.
Will AI replace Economics careers?
With 56% of typical job tasks exposed to AI, this is one of the higher-risk fields. Our pessimistic scenario projects $956,544 in decade earnings vs $1,292,616 in the optimistic case — a meaningful gap.
What makes Colby College's Economics program stand out?
Ranked #62 of 351 programs nationally, Colby College lands in the top 25%. The ranking reflects a combination of graduate earnings, return on investment, and job market alignment.
Is Colby College a hidden gem for Economics?
After financial aid, the average student pays $95,756 over four years — 64% below the $266,400 sticker price. That gap makes the ROI significantly better than published tuition suggests.
Scores use College Scorecard earnings, BLS employment projections, and AI task-exposure research. See full methodology →