Median Earnings (1yr)
$49,881
58th percentile (60th in MN)
Median Debt
$25,625
1% below national median
Debt-to-Earnings
0.51
Manageable
Sample Size
58
Adequate data

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

Gustavus Adolphus CollegeOther business/commerce 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 Gustavus Adolphus College graduates compare to all programs nationally

Gustavus Adolphus College graduates earn $50k, placing them in the 58th percentile of all business/commerce 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 Minnesota

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

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Gustavus Adolphus College$49,881$59,351$25,6250.51
Saint Cloud State University$59,378———
University of Minnesota-Duluth$48,738—$23,2500.48
National Median$47,506—$26,0000.55

Other Business/Commerce Programs in Minnesota

Compare tuition, earnings, and debt across Minnesota schools

SchoolIn-State TuitionEarnings (1yr)Debt
Saint Cloud State University
Saint Cloud
$10,117$59,378—
University of Minnesota-Duluth
Duluth
$14,318$48,738$23,250

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.