Est. Earnings (1yr)
$43,736
Est. from IL median (7 programs)
Est. Median Debt
$12,000
Est. from national median (291 programs)

Analysis

In Illinois, business management associate programs span a wide range—from nearly $60,000 at Harper College down to about $40,000 at Joliet Junior College. Lake Land's estimated first-year outcome of $43,736 sits comfortably in the middle of this pack, suggesting graduates from similar programs in the state are finding decent-paying positions right out of school. With an estimated debt load of $12,000, this translates to a manageable 0.27 debt-to-earnings ratio—well below the concerning 0.50 threshold where monthly payments typically start to strain budgets.

What makes this estimate particularly relevant is that it's based on seven comparable Illinois programs, meaning there's reasonable confidence the typical Lake Land graduate will land somewhere in this range rather than wildly above or below it. At $12,000 in debt, you're looking at monthly payments around $135 over ten years—affordable on a salary in the mid-$40,000s. The fact that these figures exceed both national medians ($33,977 in earnings, $13,980 in debt) suggests Illinois community colleges are delivering solid value in this field.

The practical upside here is clear: low debt combined with earnings that support independent living in central Illinois creates minimal financial risk. While you won't see the exceptional outcomes of programs like Harper's, the combination of accessibility and manageable debt makes this a defensible choice for students seeking quick workforce entry without gambling on high-stakes debt.

Where Lake Land College Stands

Earnings vs. debt across all business administration, management and operations associates's programs nationally

Compare to Similar Programs in Illinois

Business Administration, Management and Operations associates's programs at peer institutions in Illinois (51 total in state)

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Lake Land CollegeMattoon$4,280$43,736*$12,000*
William Rainey Harper CollegePalatine$3,822$59,982**
College of DuPageGlen Ellyn$4,320$46,497*$12,000*0.26
Roosevelt UniversityChicago$20,280$44,510*$43,617$12,000*0.27
Rasmussen University-IllinoisRockford$13,546$43,736*$45,005$25,555*0.58
Joliet Junior CollegeJoliet$4,530$39,887**
National Median$33,977*$13,980*0.41
* Estimated from similar programs

Career Paths

Occupations commonly associated with business administration, management and operations graduates

Computer and Information Systems Managers

Plan, direct, or coordinate activities in such fields as electronic data processing, information systems, systems analysis, and computer programming.

$171,200/yrJobs growth:Bachelor's degree

Architectural and Engineering Managers

Plan, direct, or coordinate activities in such fields as architecture and engineering or research and development in these fields.

$167,740/yrJobs growth:Bachelor's degree

Biofuels/Biodiesel Technology and Product Development Managers

Define, plan, or execute biofuels/biodiesel research programs that evaluate alternative feedstock and process technologies with near-term commercial potential.

$167,740/yrJobs growth:Bachelor's degree

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

$161,700/yrJobs growth:Bachelor's degree

Treasurers and Controllers

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

$161,700/yrJobs growth:Bachelor's degree

Investment Fund Managers

Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$161,700/yrJobs growth:Bachelor's degree

Natural Sciences Managers

Plan, direct, or coordinate activities in such fields as life sciences, physical sciences, mathematics, statistics, and research and development in these fields.

$161,180/yrJobs growth:Bachelor's degree

Clinical Research Coordinators

Plan, direct, or coordinate clinical research projects. Direct the activities of workers engaged in clinical research projects to ensure compliance with protocols and overall clinical objectives. May evaluate and analyze clinical data.

$161,180/yrJobs growth:Bachelor's degree

Water Resource Specialists

Design or implement programs and strategies related to water resource issues such as supply, quality, and regulatory compliance issues.

$161,180/yrJobs growth:Bachelor's degree

Compensation and Benefits Managers

Plan, direct, or coordinate compensation and benefits activities of an organization.

$140,360/yrJobs growth:Bachelor's degree

Human Resources Managers

Plan, direct, or coordinate human resources activities and staff of an organization.

$140,030/yrJobs growth:Bachelor's degree

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
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 Lake Land College, approximately 27% 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.

Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 7 similar programs in IL. Actual outcomes may vary.