U.S. median for this major: $77,992.
College Scorecard field of study; 48 graduates with earnings reported. A small group, so treat this figure with caution
Median for graduates who received federal aid.
College Scorecard field of study
About 28% of median earnings 4 years out. U.S. median $23,250.
College Scorecard field of study (federal loans)
Average after grants for all families receiving federal aid. Pick your income above.
Sticker price $64,835. College Scorecard.
Drake University Finance: pay against the field, and payback
Same major, other colleges
Median earnings 4 years after graduating; state and U.S. figures are the median of each covered college's graduates in this major. College Scorecard; calculated by EducationGuide.
Cost to finish and years to pay back, by income
Uses Drake University's school-wide net price (no college reports it by major) and this major's graduate earnings.
| Family income | Net price / yr | Cost to finish | Years to pay back |
|---|---|---|---|
| $0–30k | $25,824 | $106,395 | 2.0 years |
| $30–48k | $23,275 | $95,893 | 1.8 years |
| $48–75k | $25,171 | $103,705 | 2.0 years |
| $75–110k | $27,408 | $112,921 | 2.2 years |
| $110k+ | $33,126 | $136,479 | 2.6 years |
Cost to finish = yearly price × 4.1 years, the average time graduates took (68% finished in 4 years; students who entered fall 2017, IPEDS). Years to pay back = cost to finish ÷ the earnings gain: median earnings of Finance graduates 4 years after graduating ($88,637) minus $36,661 for high school graduates ages 25-34 in IA (Census ACS 2020-2024), a gain of $51,976 a year. Before taxes, loan interest and earnings given up while in school. Method
College Scorecard; IPEDS Graduation Rates; U.S. Census Bureau ACS. Calculated by EducationGuide.
Finance at Iowa colleges
Every Iowa college we cover that reports Finance graduate earnings, highest first. Net price is the school-wide average after grants.
| Rank | College | Earnings, 4 yrs | Median debt | Avg. net price | Graduation |
|---|---|---|---|---|---|
| 1 | Drake University | $88,637 | $25,000 | $29,127 | 74% |
| 2 | University of Iowa | $88,229 | $23,165 | $22,531 | 75% |
| 3 | University of Northern Iowa | $81,172 | $20,750 | $15,901 | 68% |
| 4 | Loras College | $78,989 | $24,077 | $20,716 | 68% |
| 5 | Iowa State University | $75,360 | $21,750 | $18,589 | 75% |
| 6 | Dordt University | $74,869 | $22,250 | $25,807 | 70% |
| 7 | Saint Ambrose University | $72,886 | — | $24,691 | 61% |
| 8 | Grand View University | $67,234 | $27,000 | $21,774 | 54% |
| 9 | Buena Vista University | $63,950 | $27,000 | $18,846 | 62% |
| 10 | Upper Iowa University | $63,736 | $26,000 | $20,942 | 34% |
| 11 | Mount Mercy University | $57,928 | $25,250 | $20,168 | 58% |
2 more Iowa colleges offer Finance but have too few graduates to report earnings.
Careers for Finance graduates
Financial analyst
Median annual wage, all workers. U.S. jobs +7.2% by 2035. Typical entry: bachelor's degree.
General and Operations Managers
Median annual wage, all workers. U.S. jobs +5.0% by 2035. Typical entry: bachelor's degree.
Financial Managers
Median annual wage, all workers. U.S. jobs +9.7% by 2035. Typical entry: bachelor's degree.
BLS Occupational Employment and Wage Statistics, May 2025; Employment Projections 2025-35. Careers from the federal major-to-occupation crosswalk.
What families pay at Drake University, by income
School-wide average after grants for students receiving federal aid. Tap your band.
College Scorecard
About Drake University
- Acceptance rate: 64% · admissions
- Graduation rate: 74% within 6 years
- Median earnings, all majors, 10 years after starting: $71,901
- Full cost breakdown · all 52 majors · overview
Related majors at Drake University
- Business Administration$73,523
- Accounting$87,582
- Management Science / Analytics$97,132
- Business—
- Marketing$71,246
- Economics$88,638
Drake University Finance questions
How much do Drake University Finance graduates earn?
Finance graduates of Drake University earn a median $88,637 four years after graduating and $62,049 one year after. The U.S. median for Finance graduates across 438 colleges is $77,992.
How much debt do Drake University Finance graduates have?
The median federal loan debt for Finance graduates of Drake University is $25,000, about 28% of their median earnings four years out. Nationally the median is $23,250.
Is Drake University a good school for Finance in Iowa?
On pay, Finance graduates of Drake University earn $88,637 four years out, $13,768 above the median for the same major across 11 Iowa colleges ($74,869) and $10,645 above the U.S. median ($77,992). Medians of each college's graduates; EducationGuide calculation from College Scorecard.
Where does Drake University rank for Finance in Iowa?
Of 11 Iowa colleges reporting Finance graduate earnings, Drake University ranks 1st, the highest.
What jobs do Finance graduates get?
A common career is financial analyst, with a median wage of $98,490 in the Des Moines-West Des Moines, IA area and $102,740 nationally. Others include general and operations managers and financial managers.
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Sources: U.S. Department of Education College Scorecard (field of study: median earnings and federal loan debt of graduates who received federal aid); BLS. How we score
Data: JSON · Markdown · all datasets
Cite this: “Drake University Finance: earnings, debt and careers,” EducationGuide.com, https://educationguide.com/colleges/drake-university/majors/finance (College Scorecard and BLS data).