Economics at St Olaf College

Northfield, MN · Private nonprofit · Bachelor's Degree
61 /100
DegreeOutlook Score (Base Case)
62
Optimistic
61
Base Case
57
Pessimistic
Earnings $56,238/yr (4% vs median)
AI Risk Very High (56% exposed)
Job Market Very Large (293,500 openings/yr)
ROI 3.2x earnings multiple
Ranked #246 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 $753K $726K $626K
Earnings Multiple 3.3x 3.2x 2.7x
Probability of Field Employment 66% 60% 41%
DegreeOutlook Score 62 61 57

10-Year Earnings Projection

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

4-Year Tuition (Sticker)
$227,880
4-Year Net Price (After Aid)
$91,008
60% less than sticker · See by income
Median Debt at Graduation
$26,671
5.7 months of Year 1 earnings
Reported Earnings (5 Year)
$81,483
45% growth from Year 1

Program Analysis

Graduates earn $56,238/yr, roughly in line with the $53,966 national median for Economics. The value proposition here depends on cost, not earnings.

The 3.2x return on tuition is positive but not overwhelming. Financial outcomes depend on keeping costs close to in-state rates.

AI risk is moderate — 56% task exposure — and the 17% scenario spread suggests disruption would dent but not destroy the earnings outlook.

With first-year pay of $56,238 far exceeding the $26,671 median debt, the payback timeline is measured in months, not years.

At #246 out of 351 programs, St Olaf College's financial outcomes for Economics trail the majority of peers. The value case depends on other factors.

The five-year earnings trajectory from $56,238 to $81,483 shows 45% growth, reflecting steady but unremarkable salary progression.

About St Olaf College

A 52% admission rate makes St Olaf College accessible to a wide range of qualified students, with a smaller student body of 3,049 in Northfield, MN. Financial aid reduces the effective four-year cost to $91,008 — 60% less than the list price.

See all programs and financial aid at St Olaf 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 St Olaf 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

How does St Olaf College's Economics program score?
A score of 61/100 reflects decent absolute metrics, but St Olaf College trails the majority of Economics programs on relative rankings. Context matters more than the raw number.
How vulnerable is Economics to AI automation?
AI won't 'replace' Economics careers outright, but it is likely to reduce the number of job openings. We model 56% task exposure, which compresses field employment probability in our scenarios.
How affordable is Economics at St Olaf College after financial aid?
Sticker price is $227,880, but the average net cost is $91,008 — a 60% discount. For students who qualify for aid, this program is considerably more affordable than it appears.
Scores use College Scorecard earnings, BLS employment projections, and AI task-exposure research. See full methodology →