Analysis
Iowa State's hospitality management program demonstrates what sustainable career building looks like. While $36,743 in year one sits just above the national median, graduates see earnings climb to $47,358 by year four—a 29% increase that outpaces the wage stagnation common in this field. With debt under $21,000 (about 12% below the national median for these programs), students are financing this growth trajectory at a reasonable cost. The 0.57 debt-to-earnings ratio means graduates face manageable payments even during those crucial early career years.
The Iowa context matters here: as one of only three schools offering this bachelor's degree in the state, Iowa State essentially ties for the median earnings among in-state options while keeping debt in check. Nationally, the program ranks in the 65th percentile for earnings—solidly above average but not spectacular. What sets it apart is the trajectory: many hospitality programs see graduates plateau quickly, but Iowa State alumni continue gaining ground through year four.
For an anxious parent, this is the kind of program that works if your student is genuinely interested in hospitality careers. The debt burden won't derail their twenties, and the earnings curve suggests they're developing skills that translate into advancement. It's not a shortcut to high pay, but it's a legitimate pathway into management roles with room to grow.
Where Iowa State University Stands
Earnings vs. debt across all hospitality administration/management bachelors's programs nationally
Earnings Distribution
How Iowa State University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Iowa State University | $36,743 | $47,358 | +29% |
| Cornell University | $77,803 | $81,947 | +5% |
| George Washington University | $53,625 | $76,383 | +42% |
| University of Delaware | $37,563 | $61,655 | +64% |
| Campbell University | $44,464 | $60,996 | +37% |
Compare to Similar Programs Nationally
Hospitality Administration/Management bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,497 | $36,743 | $47,358 | $20,998 | 0.57 | |
| $66,014 | $77,803 | $81,947 | $13,987 | 0.18 | |
| $64,990 | $53,625 | $76,383 | $22,500 | 0.42 | |
| $59,340 | $47,679 | — | $21,923 | 0.46 | |
| $13,576 | $46,915 | $55,800 | $22,250 | 0.47 | |
| $15,478 | $45,771 | $52,382 | $25,680 | 0.56 | |
| National Median | — | $34,675 | — | $23,920 | 0.69 |
Career Paths
Occupations commonly associated with hospitality administration/management graduates
Facilities Managers
Security Managers
Business Teachers, Postsecondary
Entertainment and Recreation Managers, Except Gambling
Lodging Managers
Food Service Managers
Meeting, Convention, and Event Planners
Gambling Managers
First-Line Supervisors of Gambling Services Workers
Personal Service Managers, All Other
Fitness and Wellness Coordinators
Spa Managers
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 Iowa State University, approximately 18% 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 161 graduates with reported earnings and 181 graduates with debt data. Small samples may not be representative.