Analysis
A business degree that costs an estimated $24,621 and leads to first-year earnings around $41,000 presents reasonable value—if those estimates hold. Based on comparable programs in New York, graduates would face a debt-to-earnings ratio of 0.59, meaning they'd owe roughly seven months of salary. That's manageable, though not exceptional, especially considering that reported outcomes by year four show earnings climbing to $57,638.
The challenge here is uncertainty. With both earnings and debt figures derived from peer programs rather than actual Farmingdale State outcomes, parents are essentially betting that this program will perform like similar business programs across New York. The state benchmark sits at $41,421 for first-year earnings—exactly what's estimated here—while the national median for business degrees is considerably higher at $50,740. That gap suggests New York's business graduates generally start slower than their peers elsewhere, possibly reflecting the state's high cost of living and competitive job market.
What tips this toward a reasonable investment is the year-four data: $57,638 represents solid mid-career progress and suggests graduates find their footing. For a family seeking an affordable SUNY option with manageable debt, this program likely delivers what you'd expect—a functional business credential without dramatic upside or downside. Just recognize you're making decisions based on how similar programs perform, not on verified outcomes from this specific degree.
Where Farmingdale State College Stands
Earnings vs. debt across all business, management, marketing, bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Farmingdale State College | — | $57,638 | — |
| Elon University | $60,719 | $92,616 | +53% |
| New York University | $41,421 | $78,522 | +90% |
| SUNY Maritime College | $44,675 | $63,807 | +43% |
| SUNY College of Technology at Alfred | $39,202 | $46,428 | +18% |
Compare to Similar Programs in New York
Business, Management, Marketing, bachelors's programs at peer institutions in New York (18 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $8,576 | $41,421* | $57,638 | $24,621* | — | |
| $8,540 | $44,675* | $63,807 | $19,500* | 0.44 | |
| $60,438 | $41,421* | $78,522 | $23,000* | 0.56 | |
| $8,862 | $39,202* | $46,428 | $26,000* | 0.66 | |
| National Median | — | $50,740* | — | $26,000* | 0.51 |
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 Farmingdale State College, approximately 36% 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 NY. Actual outcomes may vary.