Median Earnings (1yr)
$49,881
58th percentile
60th percentile in Minnesota
Median Debt
$25,625
1% below national median

Analysis

Gustavus Adolphus delivers solid outcomes for business majors, placing graduates slightly above both the national median ($47,506) and right at the Minnesota state median ($49,881) in first-year earnings. The $25,625 median debt creates a manageable 0.51 debt-to-earnings ratio—meaning graduates owe roughly half their first-year salary—which is entirely reasonable for a liberal arts college. What's particularly encouraging is the 19% earnings bump by year four, reaching $59,351, which actually surpasses what Saint Cloud State graduates earn despite their stronger starting point.

The 60th percentile ranking among Minnesota business programs is notable in a state with only seven schools offering this degree. While Saint Cloud State graduates start $10,000 higher, Gustavus students nearly close that gap within four years, suggesting the college's focus on critical thinking and communication skills may provide longer-term career mobility. The moderate sample size means these numbers are reasonably reliable, though not definitive.

For families paying private college tuition, this program offers a functional return—graduates can manage their debt load and see meaningful salary growth. The roughly $50,000 starting salary won't make anyone wealthy, but combined with steady advancement and reasonable debt, it represents a workable path into business careers without the financial strain that sometimes accompanies liberal arts degrees.

Where Gustavus Adolphus College Stands

Earnings vs. debt across all business/commerce bachelors's programs nationally

Earnings Distribution

How Gustavus Adolphus College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Gustavus Adolphus College$49,881$59,351+19%
New York University$77,828$115,546+48%
Wake Forest University$76,722$91,708+20%
Northeastern University$74,868$91,376+22%
Baylor University$74,886$90,608+21%

Compare to Similar Programs in Minnesota

Business/Commerce bachelors's programs at peer institutions in Minnesota (7 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Gustavus Adolphus CollegeSaint Peter$54,310$49,881$59,351$25,6250.51
Saint Cloud State UniversitySaint Cloud$10,117$59,378
University of Minnesota-DuluthDuluth$14,318$48,738$23,2500.48
National Median$47,506$26,0000.55

Career Paths

Occupations commonly associated with business/commerce graduates

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

Industrial Production Managers

Plan, direct, or coordinate the work activities and resources necessary for manufacturing products in accordance with cost, quality, and quantity specifications.

$121,440/yrJobs growth:Bachelor's degree

Quality Control Systems Managers

Plan, direct, or coordinate quality assurance programs. Formulate quality control policies and control quality of laboratory and production efforts.

$121,440/yrJobs growth:Bachelor's degree

Geothermal Production Managers

Manage operations at geothermal power generation facilities. Maintain and monitor geothermal plant equipment for efficient and safe plant operations.

$121,440/yrJobs growth:Bachelor's degree

Biofuels Production Managers

Manage biofuels production and plant operations. Collect and process information on plant production and performance, diagnose problems, and design corrective procedures.

$121,440/yrJobs growth:Bachelor's degree

Biomass Power Plant Managers

Manage operations at biomass power generation facilities. Direct work activities at plant, including supervision of operations and maintenance staff.

$121,440/yrJobs growth:Bachelor's degree

Hydroelectric Production Managers

Manage operations at hydroelectric power generation facilities. Maintain and monitor hydroelectric plant equipment for efficient and safe plant operations.

$121,440/yrJobs growth:Bachelor's degree

Construction Managers

Plan, direct, or coordinate, usually through subordinate supervisory personnel, activities concerned with the construction and maintenance of structures, facilities, and systems. Participate in the conceptual development of a construction project and oversee its organization, scheduling, budgeting, and implementation. Includes managers in specialized construction fields, such as carpentry or plumbing.

$106,980/yrJobs growth:Bachelor's degree

Administrative Services Managers

Plan, direct, or coordinate one or more administrative services of an organization, such as records and information management, mail distribution, and other office support services.

$106,880/yrJobs growth:Bachelor's degree

Facilities Managers

Plan, direct, or coordinate operations and functionalities of facilities and buildings. May include surrounding grounds or multiple facilities of an organization's campus.

$106,880/yrJobs growth:Bachelor's degree

Security Managers

Direct an organization's security functions, including physical security and safety of employees and facilities.

$106,880/yrJobs growth:Bachelor's degree

Chief Executives

Determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

$105,350/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 Gustavus Adolphus College, approximately 21% 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 58 graduates with reported earnings and 54 graduates with debt data. Small samples may not be representative.