Median Earnings (1yr)
$24,273
41st percentile (25th in WI)
Median Debt
$27,000
4% above national median
Debt-to-Earnings
1.11
Elevated
Sample Size
18
Limited data

Analysis

Carthage's music program lands in the bottom quarter among Wisconsin schools—and there are 25 to choose from in-state. With first-year earnings of $24,273, graduates earn about $5,000 less than the state median for music majors and roughly $2,000 below the national benchmark. That gap widens when you look at top Wisconsin programs: UW-Eau Claire music grads earn $43,764 their first year out, nearly double what Carthage graduates see.

The debt load of $27,000 isn't unusually high for music programs, but paired with those lower earnings, it creates a tighter squeeze in those first years after graduation. The 37% earnings growth to $33,288 by year four is solid and helps close the gap somewhat, though even at that point graduates still trail the state median. For context, Wisconsin music grads typically start around $29,000 annually.

The small sample size here means these figures could shift significantly with more data, but the pattern is concerning enough to warrant comparison shopping. If your student is set on studying music in Wisconsin, programs at UW-Eau Claire, UW-Whitewater, or even UW-Milwaukee show stronger earning outcomes at similar or lower debt levels. Unless Carthage offers something uniquely compelling for your student's musical development, the financial case for this program is weak relative to in-state alternatives.

Where Carthage College Stands

Earnings vs. debt across all music bachelors's programs nationally

Carthage CollegeOther music 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 $24k, placing them in the 41th percentile of all music 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

Music bachelors's programs at peer institutions in Wisconsin (25 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Carthage College$24,273$33,288$27,0001.11
University of Wisconsin-Eau Claire$43,764$44,067$26,6370.61
University of Wisconsin-Whitewater$31,134$42,953$27,0000.87
University of Wisconsin-Milwaukee$26,875$31,502$25,7500.96
National Median$26,036—$26,0001.00

Other Music Programs in Wisconsin

Compare tuition, earnings, and debt across Wisconsin schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Wisconsin-Eau Claire
Eau Claire
$9,277$43,764$26,637
University of Wisconsin-Whitewater
Whitewater
$8,250$31,134$27,000
University of Wisconsin-Milwaukee
Milwaukee
$10,020$26,875$25,750

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 18 graduates with reported earnings and 23 graduates with debt data. Small samples may not be representative.