Est. Earnings (1yr)
$43,736
Est. from IL median (7 programs)
Est. Median Debt
$25,555
Est. from national median (60 programs)

Analysis

With estimated debt of $25,555 against first-year earnings around $43,736, this program's financials hinge entirely on whether those projected figures hold true for Midwestern Career College specifically. That debt figureβ€”derived from similar private career colleges nationallyβ€”runs double what typical Illinois business programs carry ($12,500 median). The earnings estimate comes from other Illinois associate programs in business, where actual reported outcomes range widely from near $40,000 to nearly $60,000.

The challenge here is uncertainty. Illinois community colleges like Harper and College of DuPage produce documented earnings that either match or significantly exceed this program's estimated performance, often with far less debt burden. That suggests cheaper options exist with proven track records. But without actual graduate outcomes from Midwestern Career College, you're essentially betting that this school's results will mirror the state median rather than fall below itβ€”a meaningful gamble when you're paying twice the typical debt load for the credential.

If your child is already enrolled or has specific reasons this school works better than nearby community colleges, the estimated debt-to-earnings ratio of 0.58 isn't catastrophic. But if you're still choosing, the documented success of Illinois community colleges in this field makes them the safer financial bet, particularly given their lower costs and transparent outcomes data.

Where Midwestern Career 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)

Scroll to see more β†’

SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Midwestern Career CollegeChicagoβ€”$43,736*β€”$25,555*β€”
William Rainey Harper CollegePalatine$3,822$59,982*β€”β€”*β€”
College of DuPageGlen Ellyn$4,320$46,497*β€”$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*β€”β€”*β€”
National Medianβ€”$33,977*β€”$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 Midwestern Career College, approximately 40% 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.