Analysis
The $28,000 gap between what comparable programs nationally suggest ($53,000) and what Utah's best business economics programs actually deliver ($75,000 at BYU) should make you pause. Westminster's estimated outcomes—derived from national peer programs since the school's graduate sample is too small for DOE reporting—place it well below the state standard. In a field where Utah programs typically excel, starting near the national median rather than the state median matters considerably for someone paying private school prices.
The debt picture offers modest reassurance: $24,000 (also estimated from similar institutions) translates to a 0.45 debt-to-earnings ratio, suggesting manageable monthly payments of around $270. That's reasonable by national standards for business degrees. However, you're comparing Westminster's private tuition against outcomes that mirror what national public programs produce, while Utah's flagship business economics graduates command significantly higher starting salaries.
The core question is whether Westminster's smaller class sizes and private school environment justify paying for outcomes that track with national averages rather than Utah's stronger market. If your child can access one of Utah's other business economics programs—particularly BYU if cost isn't prohibitive—the actual reported data suggests substantially better earnings potential. If Westminster is the most realistic option, the estimated debt load appears manageable, but set expectations around typical national outcomes, not Utah's elevated market for this field.
Where Westminster University Stands
Earnings vs. debt across all business/managerial economics bachelors's programs nationally
Compare to Similar Programs in Utah
Business/Managerial Economics bachelors's programs at peer institutions in Utah (3 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $41,416 | $53,219* | — | $24,000* | — | |
| $6,496 | $75,227* | $97,349 | —* | — | |
| 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 Westminster 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 national median of 81 similar programs. Actual outcomes may vary.