Median Earnings (1yr)
$51,329
95th percentile
Median Debt
$21,367
At national median

Analysis

Northern Arizona University's certificate in Business/Managerial Economics stands out nationally, ranking in the 95th percentile for earnings among similar programs—though given only seven schools nationwide offer this specific credential, that context matters. Graduates earn $51,329 their first year and see steady growth to $56,818 by year four, all while carrying just $21,367 in debt. That 0.42 debt-to-earnings ratio means graduates owe less than half their first-year salary, making this among the lowest debt burdens you'll find for business credentials.

The moderate sample size (30-100 graduates) and NAU's 91% acceptance rate suggest this is a practical, accessible option rather than an elite program. The 60th percentile ranking within Arizona indicates mid-pack performance in-state, though it's worth noting this appears to be the only institution offering this exact certificate in Arizona. For students looking to add business credentials without pursuing a full bachelor's degree, the economics work favorably.

The certificate delivers manageable debt and solid starting earnings with room for growth. This looks particularly attractive for students already working who need business skills quickly, or those wanting to test business education before committing to a four-year program. Just verify the certificate meets your specific career goals—these credentials work best when you have a clear plan for how employers will value them.

Where Northern Arizona University Stands

Earnings vs. debt across all business/managerial economics certificate's programs nationally

Earnings Distribution

How Northern Arizona University graduates compare to all programs nationally

Compare to Similar Programs Nationally

Business/Managerial Economics certificate's programs at top institutions nationally

Scroll to see more →

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Northern Arizona UniversityFlagstaff$12,652$51,329$56,818$21,3670.42
National Median$51,329$21,3670.42

Career Paths

Occupations commonly associated with business/managerial economics graduates

Economists

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

$115,440/yrJobs growth:Master's degree

Environmental Economists

Conduct economic analysis related to environmental protection and use of the natural environment, such as water, air, land, and renewable energy resources. Evaluate and quantify benefits, costs, incentives, and impacts of alternative options using economic principles and statistical techniques.

$115,440/yrJobs growth:Master's degree

Financial Risk Specialists

Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.

$101,910/yrJobs growth:Bachelor's degree

Management Analysts

Conduct organizational studies and evaluations, design systems and procedures, conduct work simplification and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants.

$101,190/yrJobs growth:Bachelor's degree

Economics Teachers, Postsecondary

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Survey Researchers

Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams.

$63,380/yrJobs growth:Master'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 Northern Arizona University, 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 31 graduates with reported earnings and 32 graduates with debt data. Small samples may not be representative.