Analysis
Arkansas State's accounting program starts strong—graduates earn $58,152 in their first year, which beats both the state median ($52,373) and national median ($53,694). Among Arkansas accounting programs, it ranks in the 60th percentile, placing it third among the state's larger schools. The debt load of $21,351 is notably lower than both state and national averages, creating a healthy 0.37 debt-to-earnings ratio that parents should find reassuring.
The concerning pattern here is the earnings trajectory: graduates see their income drop 11% by year four, falling to $51,504. This backward slide is unusual for accounting, where earnings typically grow as professionals gain experience and advance toward CPA certification. However, the sample size here is quite small (under 30 graduates), which means a few career paths—perhaps graduates who initially took higher-paying positions in larger cities before moving back to lower-cost-of-living areas—could skew the entire picture.
For a student planning to practice accounting in Arkansas, the combination of manageable debt and first-year earnings that exceed state peers makes this a reasonable choice. Just understand that the earnings decline data may not reflect what your child will actually experience, given the limited sample. The key question is whether they plan to stay in the region or pursue opportunities in markets with higher accounting salaries.
Where Arkansas State University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How Arkansas State University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Arkansas State University | $58,152 | $51,504 | -11% |
| University of Arkansas | $57,535 | $74,571 | +30% |
| Harding University | $58,649 | $74,273 | +27% |
| University of Central Arkansas | $50,695 | $63,168 | +25% |
| University of Arkansas at Little Rock | $58,845 | $61,190 | +4% |
Compare to Similar Programs in Arkansas
Accounting bachelors's programs at peer institutions in Arkansas (21 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $7,754 | $58,152 | $51,504 | $21,351 | 0.37 | |
| $8,455 | $58,845 | $61,190 | $25,316 | 0.43 | |
| $24,888 | $58,649 | $74,273 | $27,000 | 0.46 | |
| $9,748 | $57,535 | $74,571 | $25,914 | 0.45 | |
| $13,920 | $52,373 | $56,398 | $54,989 | 1.05 | |
| $10,118 | $50,695 | $63,168 | $19,500 | 0.38 | |
| 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 Arkansas State University, approximately 37% 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.
Sample Size: Based on 24 graduates with reported earnings and 23 graduates with debt data. Small samples may not be representative.