Median Earnings (1yr)
$46,628
45th percentile (60th in GA)
Median Debt
$21,600
17% below national median
Debt-to-Earnings
0.46
Manageable
Sample Size
19
Limited data

Analysis

Covenant College's business program produces graduates earning above the Georgia median but below national averages, landing in the 60th percentile statewide—a respectable showing for a small liberal arts college. With first-year earnings of $46,628, graduates make about $5,000 more than the typical Georgia business grad, though they trail the national benchmark by roughly $900. The real concern here is debt: at $21,600, students carry less than peers at many Georgia schools, but that places them in the 80th percentile nationally, meaning 80% of business programs nationwide send students out with less debt.

The debt-to-earnings ratio of 0.46 is manageable—graduates should be able to handle payments on a typical repayment plan. However, the small sample size (fewer than 30 graduates) makes these figures less reliable than data from larger programs. A few outlier outcomes could significantly skew the numbers in either direction.

For a Christian liberal arts education combined with business training, this program delivers reasonable outcomes compared to other Georgia schools, but parents should recognize you're not getting the earning power of UGA or Augusta University graduates. If your student values Covenant's faith-based environment and small-school experience, the financial picture won't derail their career—just don't expect the business degree alone to command premium starting salaries.

Where Covenant College Stands

Earnings vs. debt across all business/commerce bachelors's programs nationally

Covenant CollegeOther business/commerce 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 Covenant College graduates compare to all programs nationally

Covenant College graduates earn $47k, placing them in the 45th percentile of all business/commerce bachelors programs nationally.

Compare to Similar Programs in Georgia

Business/Commerce bachelors's programs at peer institutions in Georgia (19 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Covenant College$46,628—$21,6000.46
University of Georgia$60,895—$25,0920.41
Augusta University$60,541—$18,5310.31
DeVry University-Georgia$57,020$56,664$47,2360.83
Strayer University-Georgia$55,431$59,763$56,5171.02
Mercer University$52,819$66,047$51,4520.97
National Median$47,506—$26,0000.55

Other Business/Commerce Programs in Georgia

Compare tuition, earnings, and debt across Georgia schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Georgia
Athens
$11,180$60,895$25,092
Augusta University
Augusta
$8,122$60,541$18,531
DeVry University-Georgia
Decatur
$17,488$57,020$47,236
Strayer University-Georgia
Chamblee
$13,920$55,431$56,517
Mercer University
Macon
$40,890$52,819$51,452

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 Covenant 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 19 graduates with reported earnings and 19 graduates with debt data. Small samples may not be representative.