Analysis
Alverno College's business program charges above-average debt ($33,225 vs. $27,000 state median) to deliver below-average outcomes—placing in just the 25th percentile among Wisconsin business programs with starting salaries near $39,000. This is roughly $13,000 less than the typical Wisconsin business graduate earns, a significant gap considering many students stay in-state where they'll compete directly with graduates from UW-Oshkosh ($58,000) and other higher-earning programs.
The 28% earnings growth to nearly $50,000 by year four helps close some of this gap, but even mid-career earnings trail state norms. The debt-to-earnings ratio of 0.85 isn't catastrophic, but it means graduates start with debt equal to 85% of their first-year salary—manageable but requiring disciplined budgeting in those early years. For context, Alverno serves a predominantly Pell-eligible population (49%), and the higher debt load may reflect the financial reality many students face, even at this open-access institution.
If your child has admission offers from other Wisconsin business programs, the earnings data suggests they'll likely see better financial returns elsewhere. However, if Alverno's accessibility, location in Milwaukee, or support services make it the most viable path to a degree, the program does produce working professionals who see income growth over time—just not at the competitive salary levels you'll find across much of the state.
Where Alverno College Stands
Earnings vs. debt across all business administration, management and operations bachelors's programs nationally
Earnings Distribution
How Alverno College graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Alverno College | $38,870 | $49,677 | +28% |
| University of Wisconsin-Madison | $67,699 | $81,952 | +21% |
| Marquette University | $63,285 | $73,164 | +16% |
| University of Wisconsin-Milwaukee | $56,774 | $66,918 | +18% |
| Carthage College | $53,555 | $65,523 | +22% |
Compare to Similar Programs in Wisconsin
Business Administration, Management and Operations bachelors's programs at peer institutions in Wisconsin (37 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $32,794 | $38,870 | $49,677 | $33,225 | 0.85 | |
| $11,205 | $67,699 | $81,952 | $20,500 | 0.30 | |
| $48,700 | $63,285 | $73,164 | $26,633 | 0.42 | |
| $48,421 | $60,187 | — | — | — | |
| $11,982 | $59,693 | $56,566 | $37,315 | 0.63 | |
| $8,212 | $57,809 | $63,085 | $25,000 | 0.43 | |
| National Median | — | $45,703 | — | $26,000 | 0.57 |
Career Paths
Occupations commonly associated with business administration, management and operations graduates
Computer and Information Systems Managers
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Compensation and Benefits Managers
Human Resources Managers
Sales Managers
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Alverno College, approximately 49% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 41 graduates with reported earnings and 50 graduates with debt data. Small samples may not be representative.