2026 ROI Award Winner
Median Earnings (1yr)
$75,007
50th percentile
60th percentile in Montana
Median Debt
$27,000
At national median

Analysis

Carroll College nursing graduates start strong with $75,000 in first-year earnings—right on par with national norms and slightly above Montana's median. But here's the wrinkle: by year four, those earnings drop to $67,000. This backward trajectory is unusual for nursing, where wages typically climb as new grads gain experience and move beyond entry-level positions. It's worth investigating whether many graduates are shifting into part-time work, public health roles, or other career paths that might explain the dip.

The $27,000 debt load is manageable by any measure—matching national norms and coming in well below Montana's state median of $29,500. That 0.36 debt-to-earnings ratio means graduates could reasonably pay off their loans within two years of full-time work, assuming aggressive repayment. Among Montana's seven nursing programs, Carroll ranks in the middle of the pack, outperformed by University of Providence's $101,000 first-year earnings but holding its own against state universities.

For families prioritizing quick entry into the workforce with reasonable debt, Carroll delivers. The declining earnings pattern deserves a conversation with the school about typical career paths—whether graduates are pursuing graduate education, moving into different nursing specialties, or relocating to markets with different pay scales. If your student plans to work bedside in acute care settings long-term, understanding why earnings soften after year one matters more than the solid starting salary suggests.

Where Carroll College Stands

Earnings vs. debt across all registered nursing, nursing administration, nursing research and clinical nursing 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

School1 Year4 YearsGrowth
Carroll College$75,007$67,000-11%
University of Providence$101,187$106,728+5%
Montana State University$71,915$65,635-9%
Montana State University-Northern$77,121$65,623-15%
Montana Technological University$74,338$60,355-19%

Compare to Similar Programs in Montana

Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing bachelors's programs at peer institutions in Montana (7 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carroll CollegeHelena$40,352$75,007$67,000$27,0000.36
University of ProvidenceGreat Falls$29,018$101,187$106,728$23,8470.24
Montana State University-NorthernHavre$6,269$77,121$65,623$31,0000.40
Montana Technological UniversityButte$8,050$74,338$60,355$35,8390.48
Montana State UniversityBozeman$8,083$71,915$65,635$28,0000.39
Montana State University BillingsBillings$6,706$71,449$32,9880.46
National Median$74,888$27,0000.36

Career Paths

Occupations commonly associated with registered nursing, nursing administration, nursing research and clinical nursing graduates

Nurse Anesthetists

Administer anesthesia, monitor patient's vital signs, and oversee patient recovery from anesthesia. May assist anesthesiologists, surgeons, other physicians, or dentists. Must be registered nurses who have specialized graduate education.

$132,050/yrJobs growth:Master's degree

Nurse Midwives

Diagnose and coordinate all aspects of the birthing process, either independently or as part of a healthcare team. May provide well-woman gynecological care. Must have specialized, graduate nursing education.

$132,050/yrJobs growth:Master's degree

Nurse Practitioners

Diagnose and treat acute, episodic, or chronic illness, independently or as part of a healthcare team. May focus on health promotion and disease prevention. May order, perform, or interpret diagnostic tests such as lab work and x rays. May prescribe medication. Must be registered nurses who have specialized graduate education.

$132,050/yrJobs growth:Master's degree

Medical and Health Services Managers

Plan, direct, or coordinate medical and health services in hospitals, clinics, managed care organizations, public health agencies, or similar organizations.

$117,960/yrJobs growth:Bachelor's degree

Registered Nurses

Assess patient health problems and needs, develop and implement nursing care plans, and maintain medical records. Administer nursing care to ill, injured, convalescent, or disabled patients. May advise patients on health maintenance and disease prevention or provide case management. Licensing or registration required.

$93,600/yrJobs growth:Bachelor's degree

Acute Care Nurses

Provide advanced nursing care for patients with acute conditions such as heart attacks, respiratory distress syndrome, or shock. May care for pre- and post-operative patients or perform advanced, invasive diagnostic or therapeutic procedures.

$93,600/yrJobs growth:Bachelor's degree

Advanced Practice Psychiatric Nurses

Assess, diagnose, and treat individuals and families with mental health or substance use disorders or the potential for such disorders. Apply therapeutic activities, including the prescription of medication, per state regulations, and the administration of psychotherapy.

$93,600/yrJobs growth:Bachelor's degree

Critical Care Nurses

Provide specialized nursing care for patients in critical or coronary care units.

$93,600/yrJobs growth:Bachelor's degree

Clinical Nurse Specialists

Direct nursing staff in the provision of patient care in a clinical practice setting, such as a hospital, hospice, clinic, or home. Ensure adherence to established clinical policies, protocols, regulations, and standards.

$93,600/yrJobs growth:Bachelor's degree

Nursing Instructors and Teachers, Postsecondary

Demonstrate and teach patient care in classroom and clinical units to nursing students. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:
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 62 graduates with reported earnings and 59 graduates with debt data. Small samples may not be representative.