Business/Commerce at Spalding University
Bachelor's Degree
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
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)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Spalding University | $47,596 | $47,782 | $31,000 | 0.65 |
| Sullivan University | $56,432 | $59,618 | $43,625 | 0.77 |
| University of Kentucky | $49,431 | $59,354 | $23,055 | 0.47 |
| Northern Kentucky University | $48,654 | $61,090 | $30,750 | 0.63 |
| University of the Cumberlands | $46,242 | $51,203 | $21,219 | 0.46 |
| Berea College | $44,627 | $52,009 | — | — |
| National Median | $47,506 | — | $26,000 | 0.55 |
Other Business/Commerce Programs in Kentucky
Compare tuition, earnings, and debt across Kentucky schools
| School | In-State Tuition | Earnings (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.