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
Earnings Distribution
How Covenant College graduates compare to all programs nationally
Compare to Similar Programs in Georgia
Business/Commerce bachelors's programs at peer institutions in Georgia (19 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $40,464 | $46,628 | — | $21,600 | 0.46 | |
| $11,180 | $60,895 | — | $25,092 | 0.41 | |
| $8,122 | $60,541 | — | $18,531 | 0.31 | |
| $17,488 | $57,020 | $56,664 | $47,236 | 0.83 | |
| $13,920 | $55,431 | $59,763 | $56,517 | 1.02 | |
| $40,890 | $52,819 | $66,047 | $51,452 | 0.97 | |
| National Median | — | $47,506 | — | $26,000 | 0.55 |
Career Paths
Occupations commonly associated with business/commerce graduates
Sales Managers
Industrial Production Managers
Quality Control Systems Managers
Geothermal Production Managers
Biofuels Production Managers
Biomass Power Plant Managers
Hydroelectric Production Managers
Construction Managers
Administrative Services Managers
Facilities Managers
Security Managers
Chief Executives
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.