Business/Commerce at Gustavus Adolphus College
Bachelor's Degree
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
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)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Gustavus Adolphus College | $49,881 | $59,351 | $25,625 | 0.51 |
| Saint Cloud State University | $59,378 | — | — | — |
| University of Minnesota-Duluth | $48,738 | — | $23,250 | 0.48 |
| National Median | $47,506 | — | $26,000 | 0.55 |
Other Business/Commerce Programs in Minnesota
Compare tuition, earnings, and debt across Minnesota schools
| School | In-State Tuition | Earnings (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.