Median Earnings (1yr)
$47,596
50th percentile (60th in KY)
Median Debt
$31,000
19% above national median
Debt-to-Earnings
0.65
Manageable
Sample Size
37
Adequate data

Analysis

Spalding's business program punches above its weight in Kentucky, placing in the 60th percentile statewide with graduates earning $47,596 initially—about $6,300 more than the typical Kentucky business graduate. While this trails Sullivan University's $56,432 and University of Kentucky's $49,431, it matches the national median almost exactly, which is notable given Spalding's open admission policy and modest SAT averages. The $31,000 median debt is higher than the state median but remains manageable, translating to a debt-to-earnings ratio of 0.65.

The troubling element here is the complete absence of earnings growth: graduates make essentially the same salary four years out as they did one year out. This stagnation suggests limited advancement opportunities or perhaps graduates settling into stable but flat-trajectory positions. For context, most business programs show meaningful salary progression during this critical early-career period when professionals typically move from entry-level roles into positions with greater responsibility.

For families prioritizing immediate employment over long-term growth potential, this program delivers solid first-year outcomes, particularly for students staying in Kentucky where it outperforms most competitors. However, if your child is ambitious about climbing the corporate ladder or eventually reaching upper-middle-class earnings, the earnings ceiling appears lower here than at comparable programs.

Where Spalding University Stands

Earnings vs. debt across all business/commerce bachelors's programs nationally

Spalding UniversityOther business/commerce 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 Spalding University graduates compare to all programs nationally

Spalding University graduates earn $48k, placing them in the 50th percentile of all business/commerce 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 Kentucky

Business/Commerce bachelors's programs at peer institutions in Kentucky (21 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Spalding University$47,596$47,782$31,0000.65
Sullivan University$56,432$59,618$43,6250.77
University of Kentucky$49,431$59,354$23,0550.47
Northern Kentucky University$48,654$61,090$30,7500.63
University of the Cumberlands$46,242$51,203$21,2190.46
Berea College$44,627$52,009
National Median$47,506$26,0000.55

Other Business/Commerce Programs in Kentucky

Compare tuition, earnings, and debt across Kentucky schools

SchoolIn-State TuitionEarnings (1yr)Debt
Sullivan University
Louisville
$14,220$56,432$43,625
University of Kentucky
Lexington
$13,212$49,431$23,055
Northern Kentucky University
Highland Heights
$10,896$48,654$30,750
University of the Cumberlands
Williamsburg
$9,875$46,242$21,219
Berea College
Berea
$49,326$44,627

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 Spalding University, approximately 36% 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 37 graduates with reported earnings and 40 graduates with debt data. Small samples may not be representative.