Analysis
Similar Business/Managerial Economics programs in Tennessee suggest first-year earnings around $43,400—nearly $10,000 below the national median for this degree. That gap matters when you're deciding between ETSU and programs elsewhere, especially since the estimated debt load of $21,125 aligns closely with what business economics students typically carry nationwide. The debt-to-earnings ratio of 0.49 is manageable, but it assumes those state-level estimates hold true for ETSU specifically.
What's worth noting is that Tennessee's business economics programs cluster tightly around this $43,400 mark, from UT-Knoxville to Memphis. This suggests regional market constraints rather than institutional weakness—local employers may simply pay less for these graduates than coastal or urban markets do. For students planning to stay in the region after graduation, that's the reality. For those willing to relocate, the question becomes whether ETSU's curriculum and network can position them for the national median of $53,200.
The unknowns here are real: we're working from peer program data, not ETSU's actual graduate outcomes. If your family is risk-averse about investment returns, programs with reported data offer more certainty. But if Tennessee wages work for your family's financial picture and your student values ETSU's environment, the estimated debt burden won't trap them—it's roughly half a year's expected income.
Where East Tennessee State University Stands
Earnings vs. debt across all business/managerial economics bachelors's programs nationally
Compare to Similar Programs in Tennessee
Business/Managerial Economics bachelors's programs at peer institutions in Tennessee (12 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $9,950 | $43,422* | — | $21,125* | — | |
| $13,484 | $44,025* | $62,859 | $23,847* | 0.54 | |
| $41,320 | $43,422* | — | —* | — | |
| $10,344 | $37,534* | $56,719 | $26,000* | 0.69 | |
| National Median | — | $53,219* | — | $22,250* | 0.42 |
Career Paths
Occupations commonly associated with business/managerial economics graduates
Economists
Environmental Economists
Financial Risk Specialists
Management Analysts
Economics Teachers, Postsecondary
Survey Researchers
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 East Tennessee State University, approximately 35% 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 3 similar programs in TN. Actual outcomes may vary.