Economics at Macalester College

Saint Paul, MN · Private nonprofit · Bachelor's Degree
65 /100
DegreeOutlook Score (Base Case)
66
Optimistic
65
Base Case
61
Pessimistic
Earnings $59,752/yr (11% vs median)
AI Risk Very High (56% exposed)
Job Market Very Large (293,500 openings/yr)
ROI 3.3x earnings multiple
Ranked #189 of 351 Economics programs

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 $896K $855K $713K
Earnings Multiple 3.5x 3.3x 2.7x
Probability of Field Employment 66% 60% 41%
DegreeOutlook Score 66 65 61

10-Year Earnings Projection

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

4-Year Tuition (Sticker)
$259,632
4-Year Net Price (After Aid)
$119,920
54% less than sticker · See by income
Median Debt at Graduation
$24,000
4.8 months of Year 1 earnings
Reported Earnings (5 Year)
$97,301
63% growth from Year 1

Program Analysis

Graduates earn $59,752/yr, edging above the $53,966 national average for Economics — a modest premium that suggests solid regional demand.

An earnings multiple of 3.3x 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 20% gap from the optimistic case.

At $24,000 in median debt against $59,752 in first-year earnings, graduates can expect to clear their loan balance in under six months of full earnings.

Ranked #189 of 351 Economics programs, Macalester College falls below the median. Stronger options exist, though cost and location may compensate.

Five-year earnings of $97,301 show a 63% jump from the $59,752 starting point — strong upward trajectory suggesting real career acceleration.

About Macalester College

Macalester College admits 28% of applicants, placing it among selective institutions, with a smaller student body of 2,131 in Saint Paul, MN. Financial aid reduces the effective four-year cost to $119,920 — 54% less than the list price.

See all programs and financial aid at Macalester 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 Macalester College

Explore the Trade Alternative

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 Macalester College?
This program scores 65/100 — a respectable number in isolation, but it ranks in the bottom half of Economics programs nationally. The field is competitive, and stronger options exist.
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 $713,279 in decade earnings vs $895,875 in the optimistic case — a meaningful gap.
Is Macalester College a hidden gem for Economics?
After financial aid, the average student pays $119,920 over four years — 54% below the $259,632 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 →