Which Indiana business program has the lowest debt?

IU Bloomington reports the lowest median federal debt, $19,500, with first-year pay of $71,100.

How much do business graduates earn in Indiana?

The median across 12 Indiana business bachelor's programs is $47,406 in the first year after graduating and $61,426 five years after.

How many business bachelor's programs are in Indiana?

12 Indiana programs report first-year pay for their graduates, and 11 of them also report federal debt.

Business (Bachelor's) Programs in Indiana, Ranked by Graduate Pay and Debt

12 programs report first-year pay
11 also report federal debt
Bachelor's in Business/Commerce, General

College Scorecard June 2026 release · BLS wages May 2025

The short answer

The median Indiana business bachelor's program pays its graduates $47,406 in their first year, $699 more than the national median. Notre Dame reports the highest first-year pay ($73,170), and IU Bloomington the lowest median debt ($19,500).

Median first-year pay$47,406National $46,707

Median pay after 5 years$61,426National $64,119

Median federal debt$24,074National $25,625

Debt-to-earnings48%National 54%

All 12 programs, ranked

Each figure is the median for the program's graduates. Programs that don't report a figure are listed last when you sort by it.

#	School	Year 1 pay	Year 5 pay	Debt	Debt to pay
1	Notre DameNotre Dame · private nonprofit	$73,170	$93,971	Not reported	Not reported
2	IU BloomingtonBloomington · public	$71,100	$105,759	$19,500	27%
3	IU EastRichmond · public	$54,860	$61,584	$25,250	46%
4	IU IndianapolisIndianapolis · public	$52,467	$67,246	$22,003	42%
5	IU South BendSouth Bend · public	$48,238	$61,268	$20,500	42%
6	IU SoutheastNew Albany · public	$47,862	$60,727	$22,062	46%
7	Purdue Fort WayneFort Wayne · public	$46,950	$60,589	$22,764	48%
8	Ball StateMuncie · public	$46,550	$61,775	$25,000	54%
9	IU KokomoKokomo · public	$43,858	$57,674	$24,744	56%
10	Indiana StateTerre Haute · public	$43,458	$59,886	$24,562	57%
11	IU NorthwestGary · public	$39,957	$56,498	$24,822	62%
12	Holy Cross CollegeNotre Dame · private nonprofit	$33,043	$69,795	$23,586	71%

Notre Dame reports pay but not debt, so it is ranked only by pay. One more program reports debt but not pay, so it isn't listed.

Debt and first-year pay at every Indiana business program

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

Hover over or tap a dot to see the school. Only the 11 programs that report both earnings and debt are shown.

Quick picks

Highest first-year pay

Notre Dame$73,170
IU Bloomington$71,100
IU East$54,860
IU Indianapolis$52,467
IU South Bend$48,238

Lowest median debt

Lowest debt for the pay

"Debt for the pay" is median debt divided by first-year pay. Only programs that report both figures are included.

Careers this field leads to

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

General and Operations Managers

$108,170

Median pay in Indiana. 47,180 people work in this job in Indiana. 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%: $53,820Top 10%: $248,610

Project Management Specialists

$95,020

Median pay in Indiana. 11,970 people work in this job in Indiana. 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%: $59,120Top 10%: $149,350

Management Analysts

$95,560

Median pay in Indiana. 11,770 people work in this job in Indiana. Nationally, jobs are projected to grow 10% from 2025 to 2035, with about 94,100 openings a year. Typical education to start: bachelor's degree, plus less than 5 years of related work experience.

Bottom 10%: $55,160Top 10%: $158,820

Sales Managers

$131,470

Median pay in Indiana. 9,700 people work in this job in Indiana. Nationally, jobs are projected to grow 5% from 2025 to 2035, with about 47,300 openings a year. Typical education to start: bachelor's degree, plus less than 5 years of related work experience.

Bottom 10%: $69,570Top 10%: $231,350

Common questions

Notre Dame in Notre Dame reports the highest median first-year pay, $73,170.

Business (Bachelor's) programs in the US, ranked206 programs by pay and debt

About this data

Earnings and debt only include students who received federal financial aid, and earnings only count graduates who were working and not enrolled in more school.
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 Indiana rankings when their main campus is in another state.
Medians are across the business bachelor's programs that report each figure, so the counts differ by figure. Scorecard figures describe graduating classes from several years ago. BLS wages are from May 2025.

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
NCES, CIP 2020 to SOC 2018 crosswalk, and IPEDS institution directory, 2024