Analysis
The University of Iowa's business program sits right at the state median for first-year earnings, with comparable programs in Iowa typically producing around $52,000. But here's what deserves attention: by year four, actual reported earnings for this program drop to $46,864βa decline that runs counter to the typical career trajectory and places it below the national median of $47,506. That backward slide raises questions about career momentum or perhaps the types of roles graduates are finding.
The estimated debt load of $23,624 is relatively manageable, coming in below both state and national benchmarks and producing a debt-to-earnings ratio of 0.45. That's a solid financial starting point compared to what you'd see at many Iowa business schools. However, the declining earnings trend means that initial advantage may not compound the way you'd hope. When peer programs like Mount Mercy and Wartburg show stronger first-year numbers and you're looking at a program where earnings actually drop over time, it suggests either industry-specific challenges or perhaps a concentration of graduates in lower-growth sectors.
The takeaway: The debt picture is reasonable, but the earnings decline between years one and four is unusual enough that you'd want to understand what's driving itβwhether it's graduates shifting industries, regional market factors, or something about career placement. That downward trajectory, even from an already modest starting point, makes this harder to evaluate as a clear-cut investment.
Where University of Iowa Stands
Earnings vs. debt across all business/commerce bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| University of Iowa | β | $46,864 | β |
| Mount Mercy University | $57,572 | $69,779 | +21% |
| Wartburg College | $54,652 | $61,080 | +12% |
| Grand View University | $51,251 | $51,189 | -0% |
| Waldorf University | $51,954 | $45,397 | -13% |
Compare to Similar Programs in Iowa
Business/Commerce bachelors's programs at peer institutions in Iowa (12 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $10,964 | $51,954* | $46,864 | $23,624* | β | |
| $39,070 | $57,572* | $69,779 | $33,583* | 0.58 | |
| $51,040 | $54,652* | $61,080 | $27,000* | 0.49 | |
| $25,220 | $51,954* | $45,397 | $27,000* | 0.52 | |
| $33,450 | $51,251* | $51,189 | $27,000* | 0.53 | |
| $40,190 | $48,810* | β | $22,987* | 0.47 | |
| 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 University of Iowa, approximately 18% 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 5 similar programs in IA. Actual outcomes may vary.