Median Earnings (1yr)
$64,664
95th percentile
80th percentile in Pennsylvania
Median Debt
$19,500
25% below national median

Analysis

Franklin and Marshall's business program punches well above its weight, placing graduates in the 95th percentile nationally and 80th percentile within Pennsylvaniaβ€”remarkable for a liberal arts college competing against dedicated business schools. That $64,664 starting salary beats the national median by 42% and the PA median by 37%, putting F&M graduates ahead of much larger programs from day one.

The debt picture sweetens the deal considerably. At $19,500, graduates carry about 25% less debt than typical business majors in Pennsylvania, creating a debt-to-earnings ratio of 0.30 that most programs would envy. Four years out, median earnings hit $77,821, demonstrating solid progression that keeps F&M alumni competitive with larger universities. While the program doesn't quite reach the stratospheric heights of nearby Carnegie Mellon or Penn, it delivers outcomes comparable to Lehigh at a fraction of the debt burden many students face.

For families weighing a selective liberal arts education against traditional business schools, F&M offers compelling evidence that the model works. The combination of strong placement, manageable debt, and consistent growth suggests graduates are finding meaningful career traction. The moderate sample size means individual outcomes may vary, but the pattern is clear: this program delivers genuine career value without the debt load that often comes with comparable earnings elsewhere.

Where Franklin and Marshall College Stands

Earnings vs. debt across all business administration, management and operations bachelors's programs nationally

Earnings Distribution

How Franklin and Marshall College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Franklin and Marshall College$64,664$77,821+20%
Carnegie Mellon University$95,891$123,200+28%
University of Pennsylvania$91,443$90,686-1%
Lehigh University$69,289$86,039+24%
Drexel University$61,478$77,268+26%

Compare to Similar Programs in Pennsylvania

Business Administration, Management and Operations bachelors's programs at peer institutions in Pennsylvania (82 total in state)

Scroll to see more β†’

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Franklin and Marshall CollegeLancaster$68,380$64,664$77,821$19,5000.30
Carnegie Mellon UniversityPittsburgh$63,829$95,891$123,200$23,2500.24
University of PennsylvaniaPhiladelphia$66,104$91,443$90,686$20,3480.22
Lehigh UniversityBethlehem$62,180$69,289$86,039$20,5000.30
University of Pittsburgh-Pittsburgh CampusPittsburgh$21,524$62,675$74,000$21,0000.34
Drexel UniversityPhiladelphia$60,663$61,478$77,268$27,0000.44
National Medianβ€”$45,703β€”$26,0000.57

Career Paths

Occupations commonly associated with business administration, management and operations graduates

Computer and Information Systems Managers

Plan, direct, or coordinate activities in such fields as electronic data processing, information systems, systems analysis, and computer programming.

$171,200/yrJobs growth:Bachelor's degree

Architectural and Engineering Managers

Plan, direct, or coordinate activities in such fields as architecture and engineering or research and development in these fields.

$167,740/yrJobs growth:Bachelor's degree

Biofuels/Biodiesel Technology and Product Development Managers

Define, plan, or execute biofuels/biodiesel research programs that evaluate alternative feedstock and process technologies with near-term commercial potential.

$167,740/yrJobs growth:Bachelor's degree

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

$161,700/yrJobs growth:Bachelor's degree

Treasurers and Controllers

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

$161,700/yrJobs growth:Bachelor's degree

Investment Fund Managers

Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$161,700/yrJobs growth:Bachelor's degree

Natural Sciences Managers

Plan, direct, or coordinate activities in such fields as life sciences, physical sciences, mathematics, statistics, and research and development in these fields.

$161,180/yrJobs growth:Bachelor's degree

Clinical Research Coordinators

Plan, direct, or coordinate clinical research projects. Direct the activities of workers engaged in clinical research projects to ensure compliance with protocols and overall clinical objectives. May evaluate and analyze clinical data.

$161,180/yrJobs growth:Bachelor's degree

Water Resource Specialists

Design or implement programs and strategies related to water resource issues such as supply, quality, and regulatory compliance issues.

$161,180/yrJobs growth:Bachelor's degree

Compensation and Benefits Managers

Plan, direct, or coordinate compensation and benefits activities of an organization.

$140,360/yrJobs growth:Bachelor's degree

Human Resources Managers

Plan, direct, or coordinate human resources activities and staff of an organization.

$140,030/yrJobs growth:Bachelor's degree

Sales Managers

Plan, direct, or coordinate the actual distribution or movement of a product or service to the customer. Coordinate sales distribution by establishing sales territories, quotas, and goals and establish training programs for sales representatives. Analyze sales statistics gathered by staff to determine sales potential and inventory requirements and monitor the preferences of customers.

$138,060/yrJobs growth:Bachelor's degree
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 Franklin and Marshall College, approximately 17% 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 41 graduates with reported earnings and 44 graduates with debt data. Small samples may not be representative.