Business/Commerce at Waldorf University
Bachelor's Degree
Analysis
Waldorf's business program starts stronger than most in Iowa, with first-year earnings matching the state median of $51,954 and beating the national average by nearly $4,500. Among Iowa's dozen business programs, this sits right at the 60th percentile—respectable positioning for a school with a 73% admission rate. The $27,000 debt load is typical for both state and national standards, creating a manageable 0.52 debt-to-earnings ratio in year one.
The significant concern here is what happens after that initial year: earnings drop 13% to $45,397 by year four, falling below the national average. This backward trajectory is unusual for business graduates, whose earnings typically grow as they gain experience and advance into management roles. It's unclear whether this reflects graduates changing careers, regional economic constraints in rural Iowa, or something specific to the program's outcomes. The moderate sample size (30-100 graduates) makes this pattern harder to interpret definitively.
For an Iowa family, this program offers a decent launching point at a price point that won't create crushing debt, but the earnings decline is troubling enough to warrant deeper investigation. Ask Waldorf directly about career support after graduation and where their business graduates work four years out—those answers will matter more than the promising first-year numbers suggest.
Where Waldorf 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 Waldorf University graduates compare to all programs nationally
Waldorf University graduates earn $52k, placing them in the 65th 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 Iowa
Business/Commerce bachelors's programs at peer institutions in Iowa (12 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Waldorf University | $51,954 | $45,397 | $27,000 | 0.52 |
| Mount Mercy University | $57,572 | $69,779 | $33,583 | 0.58 |
| Wartburg College | $54,652 | $61,080 | $27,000 | 0.49 |
| Grand View University | $51,251 | $51,189 | $27,000 | 0.53 |
| Buena Vista University | $48,810 | — | $22,987 | 0.47 |
| National Median | $47,506 | — | $26,000 | 0.55 |
Other Business/Commerce Programs in Iowa
Compare tuition, earnings, and debt across Iowa schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Mount Mercy University Cedar Rapids | $39,070 | $57,572 | $33,583 |
| Wartburg College Waverly | $51,040 | $54,652 | $27,000 |
| Grand View University Des Moines | $33,450 | $51,251 | $27,000 |
| Buena Vista University Storm Lake | $40,190 | $48,810 | $22,987 |
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 Waldorf University, approximately 34% 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 92 graduates with reported earnings and 111 graduates with debt data. Small samples may not be representative.