Analysis
A debt-to-earnings ratio of 0.45 tells you that comparable Business/Managerial Economics programs produce graduates who can reasonably manage their student loans—the estimated $24,000 debt sits just below the national median for this major, while the estimated $53,000 first-year salary aligns squarely with what similar programs deliver nationally. In Michigan, these figures track closely with what Grand Valley State reports for this same degree, suggesting Aquinas's estimated outcomes fall within the normal range for the state. That's not exceptional, but it's also not worrisome from a pure return-on-investment standpoint.
The challenge is that these are estimates drawn from peer institutions, not actual outcomes for Aquinas graduates. When the DOE suppresses data due to small cohort sizes, you're left evaluating a program based on what similar schools typically produce rather than verified results. For a mid-sized private college with a 71% admission rate, that creates uncertainty—Aquinas could be performing right alongside state peers, or there could be meaningful differences in how employers view its graduates versus those from larger public universities.
If your child is drawn to Aquinas for fit reasons—campus culture, size, specific faculty—this program's estimated numbers don't raise red flags. But given the data limitations, press the school for job placement specifics: where recent graduates landed, what starting salaries they actually received, and whether the college has employer connections in the Grand Rapids business community that might offset its lower profile.
Where Aquinas College Stands
Earnings vs. debt across all business/managerial economics bachelors's programs nationally
Compare to Similar Programs in Michigan
Business/Managerial Economics bachelors's programs at peer institutions in Michigan (10 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $38,520 | $53,219* | — | $24,000* | — | |
| $14,628 | $53,536* | $67,149 | $25,000* | 0.47 | |
| National Median | — | $53,219* | — | $22,250* | 0.42 |
Career Paths
Occupations commonly associated with business/managerial economics graduates
Economists
Environmental Economists
Financial Risk Specialists
Management Analysts
Economics Teachers, Postsecondary
Survey Researchers
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 Aquinas College, approximately 23% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the national median of 81 similar programs. Actual outcomes may vary.