Median Earnings (1yr)
$33,043
5th percentile (10th in IN)
Median Debt
$23,586
9% below national median
Debt-to-Earnings
0.71
Manageable
Sample Size
42
Adequate data

Analysis

Holy Cross College's business program produces a troubling outcome: graduates earn just $33,043 in their first year—landing in the bottom 10% of Indiana business programs and the bottom 5% nationally. That's $14,000 below the state median and $15,000 below the national average. Even with a 76% earnings increase by year four, graduates reach only $58,000, which barely catches up to where most business majors start. The $23,586 in median debt isn't catastrophic, but it represents 71% of first-year earnings, creating real financial strain during those critical early years when graduates should be establishing themselves.

The comparison to nearby institutions sharpens the concern. Just across Notre Dame Avenue, University of Notre Dame business graduates earn $73,000 right out of the gate. Even regional Indiana University campuses—serving similar student populations—produce first-year earnings 50-60% higher. This isn't about elite versus non-elite; it's about fundamental career outcomes that lag dramatically behind accessible alternatives.

For families considering this program at full cost, the math is difficult to justify. The strong earnings growth suggests graduates eventually find their footing, but those first few years—when debt payments hit hardest—will be financially precarious. Unless Holy Cross offers substantial financial aid that brings actual cost well below the debt figures here, Indiana families have better business program options that won't leave their children spending years catching up to where peers started.

Where Holy Cross College Stands

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

Holy Cross 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 Holy Cross College graduates compare to all programs nationally

Holy Cross College graduates earn $33k, placing them in the 5th 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 Indiana

Business/Commerce bachelors's programs at peer institutions in Indiana (22 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Holy Cross College$33,043$58,185$23,5860.71
University of Notre Dame$73,170$84,414——
Indiana University-Bloomington$71,100$89,404$19,5000.27
Indiana University-East$54,860$57,188$25,2500.46
Indiana University-Indianapolis$52,467$59,798$22,0030.42
Indiana University-South Bend$48,238$51,179$20,5000.42
National Median$47,506—$26,0000.55

Other Business/Commerce Programs in Indiana

Compare tuition, earnings, and debt across Indiana schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Notre Dame
Notre Dame
$62,693$73,170—
Indiana University-Bloomington
Bloomington
$11,790$71,100$19,500
Indiana University-East
Richmond
$8,179$54,860$25,250
Indiana University-Indianapolis
Indianapolis
$10,449$52,467$22,003
Indiana University-South Bend
South Bend
$8,179$48,238$20,500

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 Holy Cross College, 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 42 graduates with reported earnings and 44 graduates with debt data. Small samples may not be representative.