Analysis
Tennessee's business economics programs cluster tightly around $43,000 in first-year earnings, and Union appears positioned right in that range based on peer institutions. With estimated debt near $24,000, graduates would face monthly loan payments around $270—manageable on a $43,000 salary, though hardly comfortable in the early years. The challenge is that these Tennessee outcomes lag the national median for this degree by nearly $10,000 annually, raising questions about whether the regional job market simply values this credential differently or if Tennessee programs struggle to place graduates in higher-paying roles.
The debt-to-earnings ratio of 0.55 falls within reasonable bounds—not exceptional, but workable if the salary figures hold true. What's harder to assess is Union's particular value proposition when UT-Knoxville and Belmont deliver similar outcomes with broader alumni networks and potentially stronger recruiting pipelines. For a school charging private tuition, you'd hope to see either significantly better placement or meaningfully lower debt loads.
The bottom line: this program likely produces outcomes consistent with other Tennessee business economics degrees, making it a regional credential with regional returns. If your child is committed to staying in Tennessee and values Union's smaller campus environment, the financial picture appears sustainable. But if they're open to out-of-state opportunities or programs with stronger national placement records, the $10,000 earnings gap compared to top programs elsewhere deserves serious consideration.
Where Union University Stands
Earnings vs. debt across all business/managerial economics bachelors's programs nationally
Compare to Similar Programs in Tennessee
Business/Managerial Economics bachelors's programs at peer institutions in Tennessee (12 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $38,450 | $43,422* | — | $24,000* | — | |
| $13,484 | $44,025* | $62,859 | $23,847* | 0.54 | |
| $41,320 | $43,422* | — | —* | — | |
| $10,344 | $37,534* | $56,719 | $26,000* | 0.69 | |
| National Median | — | $53,219* | — | $22,250* | 0.42 |
Career Paths
Occupations commonly associated with business/managerial economics graduates
Economists
Environmental Economists
Financial Risk Specialists
Management Analysts
Economics Teachers, Postsecondary
Survey Researchers
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 Union University, approximately 25% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 3 similar programs in TN. Actual outcomes may vary.