Median Earnings (1yr)
$53,555
78th percentile (60th in WI)
Median Debt
$27,000
4% above national median
Debt-to-Earnings
0.50
Manageable
Sample Size
102
Adequate data

Analysis

With starting salaries over $53,000 and debt under $27,000, Carthage delivers business outcomes that significantly outperform national norms—ranking in the 78th percentile nationally while keeping debt below three-quarters of comparable programs. However, the Wisconsin context tells a more nuanced story: this performance sits squarely at the state median for both earnings and debt, placing Carthage in the 60th percentile among Wisconsin business programs. Four years out, graduates are earning $65,523, a solid 22% increase that suggests legitimate career progression.

For families weighing options within Wisconsin, the $7,000+ earnings gap compared to UW-Madison or Marquette deserves consideration, though Carthage's smaller debt load partially offsets this difference. The 0.50 debt-to-earnings ratio remains healthy—graduates earn nearly twice their debt in their first year—but at an 84% admission rate, you're paying liberal arts college prices for outcomes that match state averages rather than exceed them.

The practical verdict: Carthage won't handicap your child's business career, and they'll start with manageable debt and above-average national earnings. But if they can access UW-Madison or similar state flagships, those programs deliver meaningfully better returns. Carthage makes most sense for students who value the small college environment and can accept middle-of-the-pack Wisconsin outcomes rather than top-tier ones.

Where Carthage College Stands

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

Carthage CollegeOther business administration, management and operations programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Carthage College graduates compare to all programs nationally

Carthage College graduates earn $54k, placing them in the 78th percentile of all business administration, management and operations bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Wisconsin

Business Administration, Management and Operations bachelors's programs at peer institutions in Wisconsin (37 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carthage College$53,555$65,523$27,0000.50
University of Wisconsin-Madison$67,699$81,952$20,5000.30
Marquette University$63,285$73,164$26,6330.42
Milwaukee School of Engineering$60,187———
Rasmussen University-Wisconsin$59,693$56,566$37,3150.63
University of Wisconsin-Oshkosh$57,809$63,085$25,0000.43
National Median$45,703—$26,0000.57

Other Business Administration, Management and Operations Programs in Wisconsin

Compare tuition, earnings, and debt across Wisconsin schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Wisconsin-Madison
Madison
$11,205$67,699$20,500
Marquette University
Milwaukee
$48,700$63,285$26,633
Milwaukee School of Engineering
Milwaukee
$48,421$60,187—
Rasmussen University-Wisconsin
Green Bay
$11,982$59,693$37,315
University of Wisconsin-Oshkosh
Oshkosh
$8,212$57,809$25,000

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 Carthage College, approximately 26% 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 102 graduates with reported earnings and 102 graduates with debt data. Small samples may not be representative.