Student Outcomes
- Graduation Rate (4-year)
- 58.5%
- Graduation Rate (6-year)
- 59.1%
- Retention Rate
- 73.8%
- Median Earnings (10 years after entry)
- $51,262
- Median Debt at Graduation
- $27,000
- Student-to-Faculty Ratio
- 10:1
- Loan Repayment Rate
- 64.2%
- Estimated Monthly Loan Payment
- $286/mo
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Master | $197,436 | |
| Business Administration, Management and Operations. | Master | $77,715 | $41,000 |
| Management Information Systems and Services. | Bachelor | $58,402 | |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Bachelor | $56,521 | $27,000 |
| Accounting and Related Services. | Bachelor | $52,607 | $26,926 |
| Marketing. | Bachelor | $50,439 | |
| Business Administration, Management and Operations. | Bachelor | $41,193 | $27,000 |
| Teacher Education and Professional Development, Specific Subject Areas. | Bachelor | $39,369 | $27,000 |
| Teacher Education and Professional Development, Specific Levels and Methods. | Bachelor | $34,908 | $25,446 |
| Communication and Media Studies. | Bachelor | $33,459 | $21,149 |
| Biology, General. | Bachelor | $32,925 | $20,631 |
| Social Work. | Bachelor | $30,771 | $26,500 |
| Psychology, General. | Bachelor | $30,228 | |
| Fine and Studio Arts. | Bachelor | $28,236 | |
| Health and Physical Education/Fitness. | Bachelor | $27,681 | $27,000 |
Outcomes Overview
Millikin graduates earn a median of $51,262 ten years after graduation, putting their $27,000 median debt burden at a manageable 53% debt-to-income ratio. Monthly loan payments of $286 consume about 6.7% of typical graduate income, well below the recommended 10% threshold. The university's strong ties to theater, music, and education sectors help explain the solid 97.2% employment rate. Performance studies and education majors often start in lower-paying fields that grow over time, reflected in earnings jumping from $40,104 after one year to over $51,000 by year ten. With relatively low debt and steady career progression, Millikin delivers an average return on investment for students committed to creative and service-oriented careers.