Business/Commerce at Indiana State University
Bachelor's Degree
Analysis
Indiana State's business program delivers results that lag behind most competitors—both nationally and within Indiana itself. First-year graduates earn $43,458, which falls below the state median of $47,406 and lands in just the 26th percentile nationally. Within Indiana, this program ranks at the 40th percentile, meaning three-fifths of comparable business programs produce higher earnings. The gap is substantial: nearby IU Bloomington graduates earn $71,100, while even regional IU campuses like South Bend ($48,238) outpace Indiana State by nearly $5,000.
The debt picture offers modest relief. At $24,562, graduates borrow slightly less than the state median, keeping the debt-to-earnings ratio manageable at 0.57. Earnings also show healthy growth—17% over four years—suggesting graduates aren't stuck at their starting salary. Still, even after four years, the $50,859 median remains well below what graduates from top Indiana programs earn in year one.
For a high-access institution serving 39% Pell Grant recipients, these outcomes reflect the school's mission more than its educational quality. But parents should understand the tradeoff: their child will likely start $4,000-$7,000 behind peers from other Indiana business programs, a gap that persists even as earnings grow. If your student has options at IU regional campuses or can gain admission to Bloomington or Notre Dame, those investments offer significantly stronger returns. Indiana State makes sense primarily as an affordable access point, not as a competitive business credential.
Where Indiana State University 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 Indiana State University graduates compare to all programs nationally
Indiana State University graduates earn $43k, placing them in the 26th 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)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Indiana State University | $43,458 | $50,859 | $24,562 | 0.57 |
| University of Notre Dame | $73,170 | $84,414 | — | — |
| Indiana University-Bloomington | $71,100 | $89,404 | $19,500 | 0.27 |
| Indiana University-East | $54,860 | $57,188 | $25,250 | 0.46 |
| Indiana University-Indianapolis | $52,467 | $59,798 | $22,003 | 0.42 |
| Indiana University-South Bend | $48,238 | $51,179 | $20,500 | 0.42 |
| National Median | $47,506 | — | $26,000 | 0.55 |
Other Business/Commerce Programs in Indiana
Compare tuition, earnings, and debt across Indiana schools
| School | In-State Tuition | Earnings (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 Indiana State University, approximately 39% 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 66 graduates with reported earnings and 74 graduates with debt data. Small samples may not be representative.