Analysis
Drake's music program shows estimated first-year earnings around $35,600—a figure drawn from four Iowa music bachelor's programs that did report data. That's notably higher than the national typical outcome of $26,000 for music degrees, suggesting Iowa's music job market may offer better opportunities than many states. However, with estimated debt near $26,500, graduates face a debt burden equal to about 75% of their first-year income, requiring careful budgeting in those early career years.
The comparison to Iowa programs with reported data reveals significant range: Luther College music graduates earn in the mid-$40,000s, while Coe College graduates start closer to $24,000. Drake likely falls somewhere in the middle of this pack, given its selectivity and location in Des Moines. The state's relatively small number of reporting programs makes it difficult to pinpoint exactly where Drake graduates land, but the statewide estimate at least reflects Iowa-specific conditions rather than national averages that might not apply to the state's music economy.
For parents weighing this investment, the key question is whether your child has clear plans for how they'll use this degree—teaching positions, performance opportunities, or adjacent fields that value musical training. The debt level is manageable if earnings materialize near the state estimate, but music careers often require entrepreneurial hustle or additional credentials. Request placement information from Drake directly to understand where recent graduates actually work and whether those outcomes justify the investment for your family's situation.
Where Drake University Stands
Earnings vs. debt across all music bachelors's programs nationally
Compare to Similar Programs in Iowa
Music bachelors's programs at peer institutions in Iowa (24 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $49,944 | $35,648* | — | $26,524* | — | |
| $50,320 | $45,367* | $44,566 | $27,000* | 0.60 | |
| $10,964 | $39,121* | $39,491 | $27,783* | 0.71 | |
| $9,728 | $32,175* | $33,150 | $19,500* | 0.61 | |
| $52,576 | $24,233* | — | —* | — | |
| National Median | — | $26,036* | — | $26,000* | 1.00 |
Career Paths
Occupations commonly associated with music graduates
Art, Drama, and Music Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Music Directors and Composers
Sound Engineering Technicians
Musicians and Singers
Disc Jockeys, Except Radio
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 Drake University, approximately 21% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 4 similar programs in IA. Actual outcomes may vary.