Analysis
Starting at under $36,000 a year, Erskine business graduates earn roughly $10,000 less than the typical South Carolina business graduate and nearly $10,000 below the national median. While the program lands at the 40th percentile among SC business schools—essentially middle-of-the-pack in-state—it falls to just the 11th percentile nationally. That's a significant gap for parents to consider, especially when schools like Charleston Southern and Southern Wesleyan produce graduates earning $50,000-$65,000 from similar programs in the same state.
The $27,000 debt load is reasonable and matches both state and national medians, but when paired with below-average starting salaries, it creates a tighter financial picture in those early career years. The 26% earnings growth to year four is encouraging and brings graduates closer to competitive levels, suggesting the degree does provide a foundation for career progression. However, even at $44,789 four years out, earnings remain below what many peer programs deliver right at graduation.
For families considering Erskine's business program, the question becomes whether the school's smaller environment and community justify accepting lower initial earnings. If your student has significantly better offers from other SC schools—particularly those in the top tier—the earnings difference is substantial enough to warrant serious consideration. This works best for students with strong reasons to attend Erskine specifically, rather than those simply seeking any business degree.
Where Erskine College Stands
Earnings vs. debt across all business administration, management and operations bachelors's programs nationally
Earnings Distribution
How Erskine College graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Erskine College | $35,695 | $44,789 | +25% |
| Furman University | $49,008 | $64,242 | +31% |
| Citadel Military College of South Carolina | $50,004 | $63,953 | +28% |
| Anderson University | $49,754 | $62,201 | +25% |
| Charleston Southern University | $64,920 | $60,513 | -7% |
Compare to Similar Programs in South Carolina
Business Administration, Management and Operations bachelors's programs at peer institutions in South Carolina (34 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $36,710 | $35,695 | $44,789 | $27,000 | 0.76 | |
| $31,030 | $64,920 | $60,513 | $27,000 | 0.42 | |
| $27,870 | $52,070 | $54,715 | $40,323 | 0.77 | |
| $12,570 | $50,004 | $63,953 | $22,726 | 0.45 | |
| $33,580 | $49,754 | $62,201 | $29,375 | 0.59 | |
| $58,312 | $49,008 | $64,242 | $19,500 | 0.40 | |
| National Median | — | $45,703 | — | $26,000 | 0.57 |
Career Paths
Occupations commonly associated with business administration, management and operations graduates
Computer and Information Systems Managers
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Compensation and Benefits Managers
Human Resources Managers
Sales Managers
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 Erskine College, approximately 40% 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 33 graduates with reported earnings and 37 graduates with debt data. Small samples may not be representative.