Analysis
Ball State's business program delivers remarkably strong first-year earnings at $60,526βbeating the national median by over $14,000 and placing graduates in the 95th percentile nationally. While the 60th percentile ranking within Indiana might seem modest, context matters: this program still outearns the state median of $49,245 by more than $11,000, and trails only a handful of elite competitors. The low debt burden of $20,500 (well below both state and national medians of $26,000) creates a debt-to-earnings ratio of 0.34 that represents exceptional affordability for a business degree.
The one puzzle here is the slight earnings dip to $59,631 by year four, though this could reflect career transitions or graduate school enrollment rather than stalled progression. More concerning would be if this pattern continued, but with nearly identical earnings across both time points, graduates are maintaining strong compensation even if they're not seeing the typical early-career bumps.
For families looking at Indiana business programs, Ball State offers top-tier outcomes without the debt load of many competitors. That combination of strong earnings and manageable debt makes this a financially smart choice, especially for students who want to avoid the burden of typical business school debt while still competing for quality jobs right out of college.
Where Ball State University Stands
Earnings vs. debt across all business administration, management and operations bachelors's programs nationally
Earnings Distribution
How Ball State University 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 |
|---|---|---|---|
| Ball State University | $60,526 | $59,631 | -1% |
| Saint Mary's College | $52,891 | $74,163 | +40% |
| Purdue University-Main Campus | $57,106 | $71,553 | +25% |
| Indiana Wesleyan University-Marion | $58,880 | $62,714 | +7% |
| Indiana Wesleyan University-National & Global | $58,880 | $62,714 | +7% |
Compare to Similar Programs in Indiana
Business Administration, Management and Operations bachelors's programs at peer institutions in Indiana (41 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,758 | $60,526 | $59,631 | $20,500 | 0.34 | |
| $30,034 | $62,251 | $49,304 | $20,104 | 0.32 | |
| $8,216 | $58,880 | $62,714 | $42,138 | 0.72 | |
| $31,168 | $58,880 | $62,714 | $42,138 | 0.72 | |
| $10,110 | $57,308 | $52,586 | $45,176 | 0.79 | |
| $9,992 | $57,106 | $71,553 | $19,500 | 0.34 | |
| National Median | β | $45,703 | β | $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 Ball State University, approximately 34% 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 34 graduates with reported earnings and 33 graduates with debt data. Small samples may not be representative.