Analysis
Carthage College's finance program delivers solidly above-average outcomes without the crushing debt load that often comes with private college education. Graduates earn $58,543 in their first yearβnearly $5,000 above the national median for finance programs and placing them in the 69th percentile nationally. Within Wisconsin, they're performing at the 60th percentile, earning close to what UW-Eau Claire and UW-Oshkosh graduates make, despite Carthage's less selective profile.
The debt picture is notably favorable. At $26,000, graduates carry slightly less than the state median and considerably less than the national benchmark. With a debt-to-earnings ratio of 0.44, most graduates should be able to manage repayment comfortably while still saving and investingβcritical for someone entering financial services. Strong 22% earnings growth over four years suggests graduates are advancing into analyst and advisory roles as they gain experience.
For families weighing private versus public options in Wisconsin, Carthage represents a reasonable middle path. You're paying marginally more than public university debt levels but accessing outcomes that compete with mid-tier UW campuses. The program won't match what Madison or Marquette graduates earn, but it's delivering real value at a much more accessible admission threshold. If your student thrives in smaller classroom settings and can keep debt near this median level, this program offers a legitimate pathway into Wisconsin's finance sector.
Where Carthage College Stands
Earnings vs. debt across all finance and financial management services bachelors's programs nationally
Earnings Distribution
How Carthage 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 |
|---|---|---|---|
| Carthage College | $58,543 | $71,551 | +22% |
| University of Wisconsin-Madison | $68,681 | $86,244 | +26% |
| Marquette University | $67,888 | $85,623 | +26% |
| Saint Norbert College | $51,451 | $67,747 | +32% |
| University of Wisconsin-La Crosse | $55,965 | $65,752 | +17% |
Compare to Similar Programs in Wisconsin
Finance and Financial Management Services bachelors's programs at peer institutions in Wisconsin (18 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $36,500 | $58,543 | $71,551 | $26,000 | 0.44 | |
| $11,205 | $68,681 | $86,244 | $21,500 | 0.31 | |
| $48,700 | $67,888 | $85,623 | $24,044 | 0.35 | |
| $9,277 | $58,812 | $63,822 | $20,673 | 0.35 | |
| $8,212 | $58,085 | $63,865 | $24,065 | 0.41 | |
| $9,651 | $55,965 | $65,752 | $21,909 | 0.39 | |
| National Median | β | $53,590 | β | $23,332 | 0.44 |
Career Paths
Occupations commonly associated with finance and financial management services graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Chief Executives
Chief Sustainability Officers
General and Operations Managers
Personal Financial Advisors
Financial and Investment Analysts
Financial Risk Specialists
Budget Analysts
Business Teachers, Postsecondary
Insurance Underwriters
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 57 graduates with reported earnings and 63 graduates with debt data. Small samples may not be representative.