Finance and Financial Management Services at North Central College
Bachelor's Degree
northcentralcollege.eduAnalysis
North Central College finance graduates start below their peers but quickly catch up, with earnings jumping 39% to reach $71,590 by year fourβwell above both the national and Illinois medians. While first-year earnings of $51,420 lag behind Illinois competitors like DePaul ($66,863) and Loyola ($66,919), that income gap narrows considerably as graduates gain experience. This trajectory suggests the program may emphasize foundational skills that pay off once students establish themselves in the field.
The real strength here is the debt picture. At $27,000, graduates carry slightly more than typical for finance programs nationally, but notably less than Illinois's state median of $23,912βwait, that's backwards. Actually, they carry about $3,000 more than the state average, yielding a debt-to-earnings ratio of 0.53. That's manageable, though not exceptional, meaning graduates will spend roughly six months of their first-year salary covering their debt.
The bottom line: This program offers solid long-term earnings potential with reasonable debt, particularly for students seeking an accessible path into finance (58% admission rate versus more selective Illinois competitors). However, parents should understand their child will likely start at a lower salary than peers from top-tier state programs, potentially affecting early career financial planning and loan repayment timelines.
Where North Central College Stands
Earnings vs. debt across all finance and financial management services bachelors's programs nationally
Earnings Distribution
How North Central College 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 |
|---|---|---|---|
| North Central College | $51,420 | $71,590 | +39% |
| University of Illinois Urbana-Champaign | $75,381 | $99,685 | +32% |
| Loyola University Chicago | $66,919 | $84,622 | +26% |
| DePaul University | $66,863 | $79,506 | +19% |
| Elmhurst University | $57,171 | $78,675 | +38% |
Compare to Similar Programs in Illinois
Finance and Financial Management Services bachelors's programs at peer institutions in Illinois (31 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $44,394 | $51,420 | $71,590 | $27,000 | 0.53 | |
| $16,004 | $75,381 | $99,685 | $19,500 | 0.26 | |
| $51,716 | $66,919 | $84,622 | $24,988 | 0.37 | |
| $44,460 | $66,863 | $79,506 | $23,000 | 0.34 | |
| $55,704 | $62,619 | $77,596 | $26,000 | 0.42 | |
| $54,202 | $61,264 | $72,661 | $27,000 | 0.44 | |
| National Median | β | $53,590 | β | $23,332 | 0.44 |
Career Paths
Occupations commonly associated with finance and financial management services graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Chief Executives
Chief Sustainability Officers
General and Operations Managers
Personal Financial Advisors
Financial and Investment Analysts
Financial Risk Specialists
Budget Analysts
Business Teachers, Postsecondary
Insurance Underwriters
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 North Central College, approximately 25% 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 49 graduates with reported earnings and 54 graduates with debt data. Small samples may not be representative.