Median Earnings (1yr)
$41,704
31st percentile
25th percentile in Wisconsin
Median Debt
$27,000
4% above national median

Analysis

Carroll University's business program starts graduates at $41,704—roughly $11,000 below Wisconsin's median for business majors and in just the 25th percentile statewide. That's a significant gap in a state where comparable programs at UW-Oshkosh ($57,809) and even Rasmussen ($59,693) deliver substantially higher starting salaries. The relatively modest $27,000 debt load keeps the program manageable (debt-to-earnings of 0.65), but you're still paying similar debt for considerably less earning power than most Wisconsin business graduates achieve.

The 36% earnings jump to $56,703 by year four tells a more optimistic story—graduates appear to build momentum once they establish themselves. This growth rate suggests the program may develop skills that employers increasingly value, even if the initial placement lags. However, even at that four-year mark, earnings remain below what many Wisconsin business programs deliver right out of the gate.

For Wisconsin families, this is a tough value proposition. Unless your student has compelling reasons to attend Carroll specifically—strong campus fit, scholarship aid, or particular program features—you're likely getting more immediate career traction from other in-state options. The trajectory is positive, but starting $11,000 behind takes years to overcome, and by then, graduates from stronger programs have already pulled further ahead.

Where Carroll University Stands

Earnings vs. debt across all business administration, management and operations bachelors's programs nationally

Earnings Distribution

How Carroll University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Carroll University$41,704$56,703+36%
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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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carroll UniversityWaukesha$37,230$41,704$56,703$27,0000.65
University of Wisconsin-MadisonMadison$11,205$67,699$81,952$20,5000.30
Marquette UniversityMilwaukee$48,700$63,285$73,164$26,6330.42
Milwaukee School of EngineeringMilwaukee$48,421$60,187
Rasmussen University-WisconsinGreen Bay$11,982$59,693$56,566$37,3150.63
University of Wisconsin-OshkoshOshkosh$8,212$57,809$63,085$25,0000.43
National Median$45,703$26,0000.57

Career Paths

Occupations commonly associated with business administration, management and operations graduates

Computer and Information Systems Managers

Plan, direct, or coordinate activities in such fields as electronic data processing, information systems, systems analysis, and computer programming.

$171,200/yrJobs growth:Bachelor's degree

Architectural and Engineering Managers

Plan, direct, or coordinate activities in such fields as architecture and engineering or research and development in these fields.

$167,740/yrJobs growth:Bachelor's degree

Biofuels/Biodiesel Technology and Product Development Managers

Define, plan, or execute biofuels/biodiesel research programs that evaluate alternative feedstock and process technologies with near-term commercial potential.

$167,740/yrJobs growth:Bachelor's degree

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

$161,700/yrJobs growth:Bachelor's degree

Treasurers and Controllers

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

$161,700/yrJobs growth:Bachelor's degree

Investment Fund Managers

Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$161,700/yrJobs growth:Bachelor's degree

Natural Sciences Managers

Plan, direct, or coordinate activities in such fields as life sciences, physical sciences, mathematics, statistics, and research and development in these fields.

$161,180/yrJobs growth:Bachelor's degree

Clinical Research Coordinators

Plan, direct, or coordinate clinical research projects. Direct the activities of workers engaged in clinical research projects to ensure compliance with protocols and overall clinical objectives. May evaluate and analyze clinical data.

$161,180/yrJobs growth:Bachelor's degree

Water Resource Specialists

Design or implement programs and strategies related to water resource issues such as supply, quality, and regulatory compliance issues.

$161,180/yrJobs growth:Bachelor's degree

Compensation and Benefits Managers

Plan, direct, or coordinate compensation and benefits activities of an organization.

$140,360/yrJobs growth:Bachelor's degree

Human Resources Managers

Plan, direct, or coordinate human resources activities and staff of an organization.

$140,030/yrJobs growth:Bachelor's degree

Sales Managers

Plan, direct, or coordinate the actual distribution or movement of a product or service to the customer. Coordinate sales distribution by establishing sales territories, quotas, and goals and establish training programs for sales representatives. Analyze sales statistics gathered by staff to determine sales potential and inventory requirements and monitor the preferences of customers.

$138,060/yrJobs growth:Bachelor's degree
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 University, approximately 22% 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 37 graduates with reported earnings and 43 graduates with debt data. Small samples may not be representative.