Registered Nursing, Nursing Administration, Nursing Research at Saint Olaf College
MN · Bachelor's Degree · CIP 51.38
Executive Summary
Graduates with a Registered Nursing, Nursing Administration, Nursing Research degree from Saint Olaf College earn a median salary of $76,166 within five years of graduation. Adjusted for the cost of living in MN, this represents a national purchasing power equivalent of $80,942. The degree typically pays for itself in 4.3 years.
Quick Insights
How this degree looks at a glance
A fast read on salary range, break-even speed, living-cost impact, and where graduates from this school usually land.
Salary Ranges
Starting Range
$60,252
Typical Career
$76,166
Top Performers
$91,284
Estimated break-even: 4.3 years.
Debt-to-Income Check
$508
Estimated comfortable monthly loan payment
Typical monthly pay is approximately $6,347. Most students can comfortably afford about a $508 monthly loan payment with this degree.
Comparison Bench
This degree earns 2.0x more than the average US high school graduate and 1.0x more than the average college graduate.
Purchasing Power Context
A dollar in Minnesota buys what costs $0.94 nationally.
Industry Breadcrumbs
Top industries for bachelor's graduates from this school: Educational Services, Health Care & Social Assistance, Professional, Scientific & Technical Services.
Where Bachelor's Graduates from This School Work
Institution-wide industry mix for graduates, 5 years after graduation. This is not major-specific. Source: Census PSEO Flows.
5-Year Median Salary — National Purchasing Power Equivalent
$80,942
Nominal: $76,166 in Minnesota (COL 94.1% of national avg) · 6.3% higher purchasing power
10-Year Earnings Curve
Break-Even Timeline
How long until cumulative earnings advantage exceeds total college investment (tuition + opportunity cost vs. entering workforce directly after high school).
Total Investment
$155,168
4yr tuition + 4yr opportunity cost
HS Graduate Baseline
$38,792/yr
BLS 2023 median, HS diploma
View Raw Data: Median Earnings by Year
| Timeframe | 25th Pct. | Median (50th) | 75th Pct. |
|---|---|---|---|
| 1 Year After Graduation | $61,607 | $73,958 | $83,657 |
| 5 Years After Graduation | $60,252 | $76,166 | $91,284 |
| 10 Years After Graduation | $74,301 | $99,192 | $118,711 |
Source: US Census Bureau Post-Secondary Employment Outcomes (PSEO), 2025 release. Earnings shown for Bachelor's degree graduates (all cohorts combined).
How We Calculate Purchasing Power
The median salary of $76,166 is reported by the US Census Bureau's Post-Secondary Employment Outcomes (PSEO) dataset for graduates working in MN, which has a cost-of-living index of 94.1% of the national average.
Formula: Adjusted Salary = Nominal × (1.0 ÷ COL Index)
= $76,166 × (1.0 ÷ 0.9410)
= $80,942 National Average equivalent.
COL index source: BLS Regional Consumer Price Index & MIT Living Wage Project, 2023. Full methodology →
Career Verdict
The top industries for graduates include Educational Services (20.5%), Health Care & Social Assistance (18.4%), and Professional, Scientific & Technical Services (14.2%). With an estimated break-even point of approximately 4.3 years compared to a high-school-only path, the return on investment for pursuing a nursing degree at Saint Olaf College appears favorable. Graduates are positioned to enter stable and growing sectors, enhancing their career prospects and financial stability over time.
Compare with Another School
See how the Registered Nursing, Nursing Administration, Nursing Research degree at Saint Olaf College stacks up against another institution side-by-side.
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Data sources: US Census Bureau Post-Secondary Employment Outcomes (PSEO). Cost-of-living index: BLS Regional CPI & MIT Living Wage Project. Cost of attendance: IPEDS. For informational use only; data may be suppressed for small cohort sizes.