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Average Salary for Luther College Alumni

Around 2,000 people attend Luther College, a Evangelical Lutheran Church institution based in Decorah, Iowa. Replies from former Luther students to PayScale's salary questionnaire form the basis for this summary.

Overall College ROI Rank

out of 1312
See full list

ROI Rank for Private not-for-profit Universities

out of 476

Mid-Career Salary Rank for Liberal Arts

out of 119

Typical Early Career Salary

Luther College Alumni

Median Salary by Job

National Salary Data (?
XAll compensation data shown are the gross, national median (50th percentile). Pay can vary greatly by location. To view local data, take the PayScale survey.
Web Designer
4 salaries
Business Analyst, IT
2 salaries
Corporate Controller
2 salaries
Finance Director
2 salaries
Financial Controller
2 salaries
Senior Web Designer
2 salaries
Human Resources (HR) Manager
2 salaries
Country: United States | Currency: USD | Updated: 20 Dec 2014 | Individuals Reporting: 95
United States (change)

Luther College Details

700 College Drive
Decorah, IA 52101-1045


Private Schools, Liberal Arts, Religious

77 %

18 %

23 %

20 %

Suggest changes »

Freebase CC-BY Source: Freebase, licensed under CC-BY


Luther alumni can most commonly be found in the banking industry, the manufacturing industry, and magazine publishing, though they are employed throughout a wide range of sectors. The retail industry registers as the most common industry among alumni. The average starting salary for a graduate of Luther is around $55K.


The biggest paychecks among Luther alumni are earned by Finance Directors — these former students make $100K per year. The next biggest paychecks go to Corporate Controllers (approximately $84K) and Financial Controllers ($81K). Collecting the smallest paychecks are Senior Web Designers — they bring in about $35K.


Home to a large number of Luther alums, Minneapolis is by far the most attractive city for these former students. It is also not uncommon to find former Luther students living and working in Dubuque — this top-paying city is a popular destination with a median salary of $84K. Luther College grads are so loyal to Decorah that a sizable number choose to stay after graduating, despite median salaries there ranking lowest among popular cities ($45K). St. Paul and Iowa City are popular choices as well.

Degree Major

Luther College grads who fare the best in terms of salary hold a Master of Business Administration (MBA) and earn about $110K per year. Those holding a B.A. in Bachelor of Arts (BA) are less fortunate in terms of earnings, bringing in $35K per year.


Roughly one in seven grads report using Microsoft Office as part of their job, making it the most popular skill. Luther College grads with Financial Analysis experience garner salaries that are 46 percent more than other grads' salaries. Project Management, Microsoft Excel, and Customer Service are desirable skills as well.

Benefits and Perks

Approximately half of the survey participants can rely on paid vacation days, but just one in four survey participants have the luxury of paid sick time. The greater part of graduates opt for a 401(k) to save for retirement. Health coverage is awarded to a solid majority of alums, and dental insurance is issued to a fair portion of alums as well. Other benefits that Luther College alumni receive are life insurance, a casual working environment, flexible hours, and tuition reimbursement.

Related Schools

Coe College grads report the most similar salaries to Luther alums, earning $55K on average. Carleton College, St Olaf College, and Ripon College are also similar to Luther.

Test Scores

Academics 25th Percentile 75th Percentile
SAT Scores 1400 1820
ACT Scores 23 28

Key Stats

47 %
53 %
$30,913 - $67,287
$36,527 - $80,695
Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more
Extremely satisfied
Rated 5 out of 5
based on 46 votes.
$35,114 - $78,866
$58,742 - $62,940
$35,903 - $70,000

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