Analysis
A $24,000 debt load might sound manageable for a business economics degree, but the earnings picture warrants a closer look. Based on what similar private liberal arts colleges report nationally, first-year earnings around $53,000 put this program squarely at the median—but well below what Missouri's other business economics programs typically deliver. The state median sits at $78,000, meaning comparable programs in Missouri generally produce nearly 50% higher starting salaries.
This gap matters when you're carrying debt equal to nearly half your first-year income. While the debt-to-earnings ratio isn't catastrophic, it suggests several years of careful budgeting ahead. The more selective programs in Missouri show what's possible: Washington University graduates start above $100,000, though that comes with a very different price tag and admissions profile. Even Saint Louis University, at roughly $49,000, offers similar outcomes with potentially different financial aid packages worth comparing.
The reality is that without program-specific data from William Jewell, you're betting on whether this particular school's outcomes match the national average or trend closer to Missouri's stronger programs. Given the tuition at a selective private college, that's a meaningful gamble. Before committing, get concrete placement data directly from the economics department—where graduates actually work and what they earn—to determine if this specific program justifies the investment over state alternatives.
Where William Jewell College Stands
Earnings vs. debt across all business/managerial economics bachelors's programs nationally
Compare to Similar Programs in Missouri
Business/Managerial Economics bachelors's programs at peer institutions in Missouri (6 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $19,890 | $53,219* | — | $24,000* | — | |
| $62,982 | $106,701* | — | —* | — | |
| $53,244 | $49,314* | — | $24,000* | 0.49 | |
| 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 William Jewell College, approximately 28% 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.