Analysis
Carroll College's business program stands out in Montana, outearning the state median by over $10,000 and ranking as the top business program among the state's eight options. With first-year graduates earning $48,337, it beats even Rocky Mountain College while carrying notably lower debt at $19,500โabout $4,000 less than Montana's typical business graduate. That 0.40 debt-to-earnings ratio means graduates owe less than five months of salary, a manageable burden that compares favorably to the national median of $26,000 in debt.
The program performs solidly on a national scale too, landing in the 59th percentile for earnings among 1,600+ business programs nationwide. Graduates see steady income growth to nearly $52,000 by year four, suggesting the degree opens doors to career progression rather than dead-end entry-level positions. The college's relatively high admission standards (1170 SAT average) and low Pell Grant population (18%) point to an advantaged student body, which may contribute to these outcomes.
The significant caveat: this data represents fewer than 30 graduates, so a few high or low earners can skew the picture considerably. Still, for Montana families weighing in-state business programs, Carroll delivers the strongest combination of post-graduation earnings and manageable debt. You're paying somewhat less to graduate and earning notably more than most alternatives.
Where Carroll College Stands
Earnings vs. debt across all business administration, management and operations bachelors's programs nationally
Earnings Distribution
How Carroll 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 |
|---|---|---|---|
| Carroll College | $48,337 | $51,866 | +7% |
| The University of Montana | $37,784 | $55,000 | +46% |
| Rocky Mountain College | $42,971 | $53,398 | +24% |
| The University of Montana-Western | $35,880 | $45,620 | +27% |
| Montana State University-Northern | $40,381 | $41,836 | +4% |
Compare to Similar Programs in Montana
Business Administration, Management and Operations bachelors's programs at peer institutions in Montana (8 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $40,352 | $48,337 | $51,866 | $19,500 | 0.40 | |
| $33,252 | $42,971 | $53,398 | $26,000 | 0.61 | |
| $6,269 | $40,381 | $41,836 | $23,526 | 0.58 | |
| $8,152 | $37,784 | $55,000 | $23,923 | 0.63 | |
| $6,430 | $35,880 | $45,620 | $21,627 | 0.60 | |
| National Median | โ | $45,703 | โ | $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 Carroll College, approximately 18% 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 26 graduates with reported earnings and 24 graduates with debt data. Small samples may not be representative.