Economics at Grinnell College

Grinnell, IA · Private nonprofit · Bachelor's Degree
54 /100
DegreeOutlook Score (Base Case)
55
Optimistic
54
Base Case
51
Pessimistic
Earnings $46,791/yr (-13% vs median)
AI Risk Very High (56% exposed)
Job Market Very Large (293,500 openings/yr)
ROI 2.8x earnings multiple
Ranked #311 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 $765K $737K $633K
Earnings Multiple 2.9x 2.8x 2.4x
Probability of Field Employment 66% 60% 41%
DegreeOutlook Score 55 54 51

10-Year Earnings Projection

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

4-Year Tuition (Sticker)
$259,448
4-Year Net Price (After Aid)
$62,432
76% less than sticker · See by income
Median Debt at Graduation
$16,500
4.2 months of Year 1 earnings
Reported Earnings (5 Year)
$78,815
68% growth from Year 1

Program Analysis

Graduates earn $46,791/yr, roughly in line with the $53,966 national median for Economics. The value proposition here depends on cost, not earnings.

An earnings multiple of 2.8x means the program roughly breaks even in financial terms over ten years. Non-financial factors need to justify the investment.

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 $46,791 far exceeding the $16,500 median debt, the payback timeline is measured in months, not years.

At #311 out of 351 programs, Grinnell College's financial outcomes for Economics trail the majority of peers. The value case depends on other factors.

Earnings growth from $46,791 to $78,815 over five years (68% increase) indicates that graduates in this field see meaningful salary progression.

About Grinnell College

Grinnell College's 13% admission rate places it in the top tier of selectivity nationally, a smaller institution with 1,705 students in Grinnell, IA. The average net cost of $62,432 over four years represents a 76% discount from published tuition.

See all programs and financial aid at Grinnell 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 Grinnell 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

How does Grinnell College's Economics program score?
A score of 54/100 reflects decent absolute metrics, but Grinnell 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 Grinnell College after financial aid?
Sticker price is $259,448, but the average net cost is $62,432 — a 76% 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 →