Median Earnings (1yr)
$35,695
11th percentile (40th in SC)
Median Debt
$27,000
4% above national median
Debt-to-Earnings
0.76
Manageable
Sample Size
33
Adequate data

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

Erskine CollegeOther business administration, management and operations 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 Erskine College graduates compare to all programs nationally

Erskine College graduates earn $36k, placing them in the 11th percentile of all business administration, management and operations bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

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)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Erskine College$35,695$44,789$27,0000.76
Charleston Southern University$64,920$60,513$27,0000.42
Southern Wesleyan University$52,070$54,715$40,3230.77
Citadel Military College of South Carolina$50,004$63,953$22,7260.45
Anderson University$49,754$62,201$29,3750.59
Furman University$49,008$64,242$19,5000.40
National Median$45,703—$26,0000.57

Other Business Administration, Management and Operations Programs in South Carolina

Compare tuition, earnings, and debt across South Carolina schools

SchoolIn-State TuitionEarnings (1yr)Debt
Charleston Southern University
Charleston
$31,030$64,920$27,000
Southern Wesleyan University
Central
$27,870$52,070$40,323
Citadel Military College of South Carolina
Charleston
$12,570$50,004$22,726
Anderson University
Anderson
$33,580$49,754$29,375
Furman University
Greenville
$58,312$49,008$19,500

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.