Analysis
Spalding's business program punches above its weight in Kentucky, placing in the 60th percentile statewide with graduates earning $47,596 initiallyβabout $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
Earnings Distribution
How Spalding University 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 |
|---|---|---|---|
| Spalding University | $47,596 | $47,782 | +0% |
| Transylvania University | $31,614 | $64,225 | +103% |
| Northern Kentucky University | $48,654 | $61,090 | +26% |
| Sullivan University | $56,432 | $59,618 | +6% |
| University of Kentucky | $49,431 | $59,354 | +20% |
Compare to Similar Programs in Kentucky
Business/Commerce bachelors's programs at peer institutions in Kentucky (21 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $27,850 | $47,596 | $47,782 | $31,000 | 0.65 | |
| $14,220 | $56,432 | $59,618 | $43,625 | 0.77 | |
| $13,212 | $49,431 | $59,354 | $23,055 | 0.47 | |
| $10,896 | $48,654 | $61,090 | $30,750 | 0.63 | |
| $9,875 | $46,242 | $51,203 | $21,219 | 0.46 | |
| $49,326 | $44,627 | $52,009 | β | β | |
| National Median | β | $47,506 | β | $26,000 | 0.55 |
Career Paths
Occupations commonly associated with business/commerce graduates
Sales Managers
Industrial Production Managers
Quality Control Systems Managers
Geothermal Production Managers
Biofuels Production Managers
Biomass Power Plant Managers
Hydroelectric Production Managers
Construction Managers
Administrative Services Managers
Facilities Managers
Security Managers
Chief Executives
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.