Is a business administration degree from Charter Oak State College worth it?

On the numbers, yes for most students. Debt equals 42% of first-year earnings, against a national median of 55%.

Charter Oak State College Business Administration (Bachelor's): Tuition, Graduate Salary, and Debt

Q: How much debt do Charter Oak State College business administration graduates have?

The median federal loan balance is $26,630, which ranks 8th lowest of 12 business administration bachelor's programs in Connecticut. That works out to about $282 a month over 10 years.

Q: Do Charter Oak State College business administration graduates stay in Connecticut?

Most do. 67% (43 of 64) were working in Connecticut one year after graduating.

Bachelor's in Business Administration, Management and Operations
Public college
New Britain, CT
About 61 graduates a year

College Scorecard June 2026 release · BLS wages May 2025

The short answer

Charter Oak State College business administration graduates earn more than graduates of most business administration programs nationally, $62,742 in their first year. The typical graduate leaves with $26,630 in federal loans, close to the national median of $26,000. It is one of the higher-paying business administration degrees in Connecticut.

First-year earnings$62,74294th percentile of 1,105 programs nationally

Earnings after 5 years$72,97216% more than year one

Median federal debt$26,6308th lowest of 12 Connecticut programs

Debt-to-earnings42%Connecticut median 55%, national 55%

How it compares

Each figure is the median for graduates of the program. The Connecticut and national columns are the medians across all business administration bachelor's programs that report the figure.

	Charter Oak State College	Connecticut	National
Earnings, 1 year after graduating	$62,742	$48,472	$45,396
Earnings, 5 years after graduating	$72,972	$72,755	$62,714
Median federal debt at graduation	$26,630	$25,500	$26,000
Debt as share of first-year pay	42%	55%	55%
Programs compared		12	1,105

Five years out, Charter Oak State College graduates earn more than the national figure and about the same as the Connecticut median.

Debt and first-year pay at every Connecticut business administration program

Programs in the upper left give graduates higher pay for less debt. Dashed lines mark the Connecticut medians.

Charter Oak State CollegeOther Connecticut programs

Hover over or tap a dot to see the school. Only programs that report both earnings and debt are shown.

What graduates earn over time

Pay rises about 16% between the first and fifth year.

Charter Oak State College grads, year 1$62,742

Charter Oak State College grads, year 5$72,972

All Connecticut business administration grads, year 5$72,755

Year 1 and year 5 figures come from different graduating classes, so the growth rate is an estimate.

Paying back the loans

On a standard 10-year plan, the median debt means a payment of about $282 a month, or 5.4% of a graduate's typical monthly pay in the first year.

Two years into repayment (50 borrowers)	Share
Paying down the balance	20% or less
Paused payments (forbearance)	20–39%

The government publishes these as ranges to protect privacy. They were measured in 2018 to 2020, partly during the pandemic pause on federal loan payments, so the forbearance share may be higher than usual.

Where graduates work, and what the pay is worth

67% of graduates (43 of 64) were working in Connecticut one year after graduating. Prices in the Hartford area are about 3% above the national average, so a $62,742 salary here buys what about $61,065 buys in a typical US city.

Careers this field leads to

These are the jobs that the federal crosswalk from fields of study to occupations links to business administration, largest first. Pay is the median across all experience levels.

General and Operations Managers

$137,220

Median pay in Connecticut. 39,070 people work in this job in Connecticut. Nationally, jobs are projected to grow 5% from 2025 to 2035, with about 285,000 openings a year. Typical education to start: bachelor's degree, plus 5 years or more of related work experience.

Bottom 10%: $68,010Top 10%: $312,890

First-Line Supervisors of Office and Administrative Support Workers

$78,200

Median pay in Connecticut. 24,420 people work in this job in Connecticut. Nationally, jobs are projected to stay about the same in number from 2025 to 2035, with about 127,400 openings a year. Typical education to start: high school diploma or equivalent, plus less than 5 years of related work experience.

Bottom 10%: $52,090Top 10%: $116,420

First-Line Supervisors of Retail Sales Workers

$56,510

Median pay in Connecticut. 13,910 people work in this job in Connecticut. Nationally, jobs are projected to shrink 4% from 2025 to 2035, with about 113,500 openings a year. Typical education to start: high school diploma or equivalent, plus less than 5 years of related work experience.

Bottom 10%: $37,110Top 10%: $82,140

Project Management Specialists

$105,240

Median pay in Connecticut. 8,410 people work in this job in Connecticut. Nationally, jobs are projected to grow 7% from 2025 to 2035, with about 76,500 openings a year. Typical education to start: bachelor's degree.

Bottom 10%: $66,470Top 10%: $167,010

About Charter Oak State College

Tuition and fees	$8,506 / year
Average net price after aid	$15,815 / year
Graduation rate (within 6 years)	67%
Undergraduate students	1,821

Business Administration ranks 4th of 6 bachelor's programs at Charter Oak State College by first-year earnings. The top three are Health and Medical Administration ($69,160), Criminal Justice ($68,956), and Information Technology ($68,659).

Other business administration bachelor's programs near New Britain

School	Distance	Year 1 pay	Debt
Charter Oak State CollegeNew Britain, CT · public		$62,742	$26,630
Central Connecticut StateNew Britain, CT · public	2 mi	$49,098	$21,525
University of HartfordWest Hartford, CT · private nonprofit	10 mi	$40,799	$27,000
Post UniversityWaterbury, CT · private for-profit	18 mi	$61,704	$27,842
Quinnipiac UniversityHamden, CT · private nonprofit	18 mi	$47,845	$25,000
Albertus Magnus CollegeNew Haven, CT · private nonprofit	24 mi	$57,953	$39,546
Southern Connecticut StateNew Haven, CT · public	25 mi	$42,380	$24,663
University of New HavenWest Haven, CT · private nonprofit	28 mi	$34,106	$27,000
Bay Path UniversityLongmeadow, MA · private nonprofit	29 mi	$54,260	$32,015

Common questions

The median graduate earns $62,742 one year after graduating and $72,972 five years after. The median across business administration bachelor's programs in Connecticut is $48,472.

About this data

Earnings and debt only include students who received federal financial aid (grants or loans).
Earnings only count graduates who were working and not enrolled in more school. Graduates who went straight to further study are not included.
Debt only includes federal loans. Private loans and credit cards are not counted.
Some schools with several campuses report one combined figure for all of them. We count each of those schools once, and leave them out of Connecticut comparisons when their main campus is in another state.
Scorecard figures describe graduating classes from several years ago. BLS wages are from May 2025.
School-level numbers like tuition, admission rate, and graduation rate are for the whole school, not the business administration program.

Sources

U.S. Department of Education, College Scorecard, field of study and institution files, June 2026 release
Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025
Bureau of Labor Statistics, Employment Projections 2025 to 2035
Bureau of Economic Analysis, Regional Price Parities, 2024
NCES, CIP 2020 to SOC 2018 crosswalk, and IPEDS institution directory, 2024

Business Administration bachelor's programs in Connecticut, ranked12 programs by pay and debt Business Administration bachelor's programs in the US, ranked1,105 programs by pay and debt All Charter Oak State College programs, ranked6 programs by pay and debt