Median Earnings (1yr)
$33,043
5th percentile
10th percentile in Indiana
Median Debt
$23,586
9% below national median

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

Earnings Distribution

How Holy Cross College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Holy Cross College$33,043$58,185+76%
Indiana University-Bloomington$71,100$89,404+26%
University of Notre Dame$73,170$84,414+15%
Indiana University-Indianapolis$52,467$59,798+14%
Indiana University-East$54,860$57,188+4%

Compare to Similar Programs in Indiana

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

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Holy Cross CollegeNotre Dame$35,500$33,043$58,185$23,5860.71
University of Notre DameNotre Dame$62,693$73,170$84,414——
Indiana University-BloomingtonBloomington$11,790$71,100$89,404$19,5000.27
Indiana University-EastRichmond$8,179$54,860$57,188$25,2500.46
Indiana University-IndianapolisIndianapolis$10,449$52,467$59,798$22,0030.42
Indiana University-South BendSouth Bend$8,179$48,238$51,179$20,5000.42
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 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.