Median Earnings (1yr)
$62,251
95th percentile
80th percentile in Indiana
Median Debt
$20,104
23% below national median

Analysis

Grace College's business program posts impressive first-year earnings of $62,251β€”landing in the 95th percentile nationally and 80th percentile in Indiana. That starting salary rivals or exceeds programs at much larger institutions like Purdue and Indiana Wesleyan, while graduates carry just $20,104 in debt (well below both state and national medians of $26,000). For an 81% admission rate school, these outcomes punch above their weight.

The concern here is unmistakable: earnings drop sharply to $49,304 by year four, a 21% decline. This pattern suggests graduates may be landing entry-level positions with strong starting compensation but limited advancement opportunities, or that early-career job changes aren't improving their earning trajectories. However, even with this decline, year-four earnings remain near the Indiana median for business programs.

The low debt load is the safety net. With a debt-to-earnings ratio of just 0.32 based on first-year income, graduates have financial flexibility even if their earnings plateau or dip early in their careers. They're not locked into high-paying jobs to service debt, which matters if the career path requires patience or additional credentialing. For Indiana families seeking a business degree without financial overextension, Grace delivers solid initial placement with manageable downside risk.

Where Grace College and Theological Seminary Stands

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

Earnings Distribution

How Grace College and Theological Seminary graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Grace College and Theological Seminary$62,251$49,304-21%
Saint Mary's College$52,891$74,163+40%
Purdue University-Main Campus$57,106$71,553+25%
Indiana Wesleyan University-Marion$58,880$62,714+7%
Indiana Wesleyan University-National & Global$58,880$62,714+7%

Compare to Similar Programs in Indiana

Business Administration, Management and Operations bachelors's programs at peer institutions in Indiana (41 total in state)

Scroll to see more β†’

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Grace College and Theological SeminaryWinona Lake$30,034$62,251$49,304$20,1040.32
Ball State UniversityMuncie$10,758$60,526$59,631$20,5000.34
Indiana Wesleyan University-MarionMarion$31,168$58,880$62,714$42,1380.72
Indiana Wesleyan University-National & GlobalMarion$8,216$58,880$62,714$42,1380.72
Purdue University GlobalWest Lafayette$10,110$57,308$52,586$45,1760.79
Purdue University-Main CampusWest Lafayette$9,992$57,106$71,553$19,5000.34
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 Grace College and Theological Seminary, approximately 29% 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 36 graduates with reported earnings and 47 graduates with debt data. Small samples may not be representative.