Analysis
At $27,000 in estimated debt against first-year earnings around $52,700, Alma's accounting program appears financially manageable based on what similar Michigan programs typically produce. The debt-to-earnings ratio of 0.51 suggests graduates could reasonably handle their loan payments, though this comes with an important caveat: we're working with state-wide estimates here, not verified outcomes from Alma itself.
The challenge becomes clearer when you look at Michigan's competitive landscape. Top accounting programs in the state—Michigan State, Aquinas, Central Michigan—report actual first-year earnings in the low-to-mid $60,000s, roughly $10,000 above what comparable programs suggest for Alma. That's a meaningful gap in a field where credentials and early placement matter. With 37 accounting programs across Michigan, the variation in outcomes is significant, and Alma would need to demonstrate it performs above the state median to justify choosing it over more established programs.
For a parent evaluating this choice, the question is whether Alma's smaller environment (reflected in its suppressed data) offers enough value—through connections, attention, or placement support—to overcome that earnings gap. Without actual graduate outcomes to review, you're betting on the program's ability to match stronger competitors despite limited evidence. If your child has admission offers from schools with proven track records in accounting placement, those merit serious consideration.
Where Alma College Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in Michigan
Accounting bachelors's programs at peer institutions in Michigan (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $47,430 | $52,668* | — | $27,000* | — | |
| $15,988 | $65,965* | $75,633 | $23,250* | 0.35 | |
| $38,520 | $63,311* | — | —* | — | |
| $14,190 | $62,430* | $65,971 | $29,000* | 0.46 | |
| $55,746 | $62,266* | — | $27,000* | 0.43 | |
| — | $61,960* | $59,351 | $21,587* | 0.35 | |
| National Median | — | $53,694* | — | $25,000* | 0.47 |
Career Paths
Occupations commonly associated with accounting graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Financial and Investment Analysts
Financial Risk Specialists
Financial Examiners
Budget Analysts
Business Teachers, Postsecondary
Accountants and Auditors
Tax Examiners and Collectors, and Revenue Agents
Bookkeeping, Accounting, and Auditing Clerks
Payroll and Timekeeping Clerks
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Alma College, approximately 21% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 25 similar programs in MI. Actual outcomes may vary.