Economics at James Madison University

Harrisonburg, VA · Public · Bachelor's Degree
79 /100
DegreeOutlook Score (Base Case) — assumes in-state tuition
80
Optimistic
79
Base Case
75
Pessimistic
Earnings $62,286/yr (15% vs median)
AI Risk Very High (56% exposed)
Job Market Very Large (293,500 openings/yr)
ROI 15.4x earnings multiple (6.8x out-of-state)
Ranked #13 of 351 Economics programs Top 5%

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 $876K $837K $701K
Earnings Multiple (In-State) 16.1x 15.4x 12.9x
Earnings Multiple (Out-of-State) 7.1x 6.8x 5.7x
Probability of Field Employment 66% 60% 41%
DegreeOutlook Score 80 79 75

10-Year Earnings Projection

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

4-Year Tuition, In-State (Sticker)
$54,304
Out-of-state: $123,160 (6.8x ROI)
4-Year Net Price (After Aid)
$87,264
-61% less than sticker · See by income
Median Debt at Graduation
$17,000
3.3 months of Year 1 earnings
Reported Earnings (5 Year)
$96,390
55% growth from Year 1

Program Analysis

First-year earnings of $62,286 at James Madison University come in 15% above the national median of $53,966 for Economics programs.

Every dollar of in-state tuition returns an estimated 15.4x in decade earnings — an exceptional ratio that places this among the highest-ROI Economics programs nationally.

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 20% gap from the optimistic case.

With first-year pay of $62,286 far exceeding the $17,000 median debt, the payback timeline is measured in months, not years.

At #13 of 351 nationally, this is a top-5% Economics program. Financial outcomes consistently outperform the vast majority of peers.

Five-year earnings of $96,390 show a 55% jump from the $62,286 starting point — strong upward trajectory suggesting real career acceleration.

About James Madison University

James Madison University accepts 76% of applicants — an open-access institution by design, with 20,497 students enrolled in Harrisonburg, VA.

See all programs and financial aid at James Madison University →

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

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Not every career requires a four-year degree. Trade programs in related fields can offer competitive salaries with a fraction of the student loan burden.

Frequently Asked Questions

What is the DegreeOutlook Score for Economics at James Madison University?
This program scores 79/100 — 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 $701,057 in decade earnings vs $875,942 in the optimistic case — a meaningful gap.
What makes James Madison University's Economics program stand out?
Ranked #13 of 351 programs nationally, James Madison University lands in the top 5%. The ranking reflects a combination of graduate earnings, return on investment, and job market alignment.
Scores use College Scorecard earnings, BLS employment projections, and AI task-exposure research. See full methodology →