Median Earnings (1yr)
$40,381
25th percentile (60th in MT)
Median Debt
$23,526
10% below national median
Debt-to-Earnings
0.58
Manageable
Sample Size
35
Adequate data

Analysis

Montana State University-Northern graduates earn around $40,000 after graduation—about $5,300 below the national median for business degrees but right at Montana's state median. More concerning is the minimal earnings growth: graduates see their income rise just 4% over four years, suggesting limited career advancement. For perspective, Carroll College's business grads earn nearly $8,000 more initially, though Northern's lower debt load ($23,500 versus the national typical $26,000) provides some cushion.

The debt-to-earnings ratio of 0.58 means graduates owe roughly seven months of income, manageable by today's standards. However, the earnings trajectory raises questions about long-term value. While Northern outperforms half of Montana's business programs (60th percentile in-state), it ranks in just the 25th percentile nationally, and the stagnant growth from year one to year four suggests graduates may struggle to increase their earning power significantly over time.

For Montana residents planning to stay in-state, Northern offers median outcomes at below-median debt. The program serves its local purpose adequately, particularly for students receiving financial aid (30% get Pell grants). But if your child has admission offers from Carroll or other competitive programs and can manage the additional cost, the earnings premium elsewhere may justify the investment, especially given Northern's limited growth trajectory.

Where Montana State University-Northern Stands

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

Montana State University-NorthernOther business administration, management and operations programs

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 Montana State University-Northern graduates compare to all programs nationally

Montana State University-Northern graduates earn $40k, placing them in the 25th percentile of all business administration, management and operations 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 Montana

Business Administration, Management and Operations bachelors's programs at peer institutions in Montana (8 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Montana State University-Northern$40,381$41,836$23,5260.58
Carroll College$48,337$51,866$19,5000.40
Rocky Mountain College$42,971$53,398$26,0000.61
The University of Montana$37,784$55,000$23,9230.63
The University of Montana-Western$35,880$45,620$21,6270.60
National Median$45,703—$26,0000.57

Other Business Administration, Management and Operations Programs in Montana

Compare tuition, earnings, and debt across Montana schools

SchoolIn-State TuitionEarnings (1yr)Debt
Carroll College
Helena
$40,352$48,337$19,500
Rocky Mountain College
Billings
$33,252$42,971$26,000
The University of Montana
Missoula
$8,152$37,784$23,923
The University of Montana-Western
Dillon
$6,430$35,880$21,627

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 Montana State University-Northern, approximately 30% 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 35 graduates with reported earnings and 35 graduates with debt data. Small samples may not be representative.