Business/Managerial Economics at Northern Arizona University
Undergraduate Certificate or Diploma
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
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 Northern Arizona University graduates compare to all programs nationally
Northern Arizona University graduates earn $51k, placing them in the 95th percentile of all business/managerial economics certificate programs nationally.
Compare to Similar Programs in Arizona
Business/Managerial Economics certificate's programs at peer institutions in Arizona
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Northern Arizona University | $51,329 | $56,818 | $21,367 | 0.42 |
| National Median | $51,329 | — | $21,367 | 0.42 |
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.