Nestled away in Decorah, Iowa, Luther College, an Evangelical Lutheran Church school, has a student population of roughly 2,000. Students here receive a well-rounded education — undergraduate study in the liberal arts and sciences is common. This outline is based on answers to PayScale's salary survey.

College ROI Report


20 Year Net ROI 


Annual ROI 

2.3 %

Total 4 Year Cost 


Compare to Other Schools

College Salary Report


Early Career Salary 


Mid-Career Salary 


% High Meaning 

53 %

Compare to Other 4-Year Schools

Luther College Median Salary by Job





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See all degrees for Luther College »
  • Currency: USD
  • Updated: 17 Aug 2019
  • Individuals Reporting: 294
  • View Table

About This School

700 College Drive
Decorah, IA 52101-1045


Liberal Arts, Private School, Religious

77 %

24 %

21 %

22 %


Graduates of Luther work in a variety of sectors including the education industry, the banking industry, and the manufacturing industry. The most highly represented industry among alumni is the financial services industry. Graduates of Luther earn $54K on average.


A gender wage gap becomes apparent after college, with female graduates earning only about $50K on average compared to $68K for male graduates.


Former Luther students with an interest in making money consider becoming Operations Managers, the highest-paying gig (average earnings amount to around $101K) among this alumni group. Other well-paid jobs include Financial Controllers (approximately $100K) and Software Engineers ($70K). Marketing Coordinators get the short end of the stick when it comes to salary; grads report making an average of $40K in this job.


A large number of students head to Minneapolis, Minn. after college. With a median salary of $80K, Seattle, Wash. represents the highest-paid city popular among Luther grads. Luther College alumni often stay in Decorah following graduation despite having one of the lowest median salary among popular cities (approximately $40K). Alumni express interest in St. Paul, Minn. and Des Moines, Iowa as well.

Degree Major

Luther grads who hold a Master of Business Administration (MBA), Finance can expect to fare better than most fellow alumni, earning an average $143K per year. Graduates holding a B.A. in Business Management fare the worst in terms of compensation with an average yearly salary of about $46K.


Microsoft Office is a common skill among Luther alumni — nearly one in ten grads mention using it at work. Financial Analysis commands a pay premium of 23 percent for Luther College grads. Project Management, Microsoft Excel, and Data Analysis are desirable skills as well.

Benefits and Perks

Only one-third of alumni for this school enjoy paid vacation days and about one-sixth of alumni get paid sick time. Most graduates plan for retirement by taking advantage of a company-sponsored 401(k) program. Health coverage is awarded to most survey participants, and dental insurance is issued to more than half of survey participants as well. Alumni of Luther College also take in a casual working environment, life insurance, tuition reimbursement, and a company-subsidized cell phone.

Related Schools

Cornell College grads bring in salaries of around around $55K, making them the most similar to Luther alumni in terms of earnings. Other schools similar to Luther include Carleton College, St Olaf College, and Ripon College.

Luther College Job Listings

Test Scores

Academics 25th Percentile 75th Percentile
SAT Scores 1450 1875
ACT Scores 23 29

Key Stats for Luther College


58 %
42 %
$34,304 - $76,390
$41,524 - $82,509

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 142 votes.
Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more
$37,201 - $76,973
$59,606 - $80,802
$68,400 - $85,219
$25,210 - $56,438
$49,132 - $122,084
$68,000 - $111,000
$36,820 - $75,604
$33,402 - $83,495
$40,547 - $110,000
$31,136 - $40,963
$65,466 - $78,669
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