Analysis
New Jersey's accounting programs span a striking range, from Rutgers and Seton Hall graduates earning nearly $70,000 to programs closer to the $54,000 median. Based on comparable accounting programs across the state, Caldwell appears positioned near the middle—with estimated first-year earnings around $54,000 and debt of $25,000. That 0.46 debt-to-earnings ratio suggests the financial fundamentals are manageable, roughly matching what's typical for accounting degrees both statewide and nationally.
What complicates the picture is the fourth-year data showing essentially flat earnings at $53,357. If accurate, this lack of growth is unusual for accounting, where early career progression typically matters. It could reflect the specific paths Caldwell graduates take—perhaps more nonprofit or smaller firm positions rather than Big Four trajectories—or simply noise from limited sample sizes. Either way, it raises questions about whether this program opens doors to the higher-paying opportunities that make accounting attractive.
The straightforward question: will your child earn enough to justify the investment? At estimated figures near state medians, probably yes—the debt load isn't alarming. But when peer programs consistently place graduates $15,000-$20,000 higher in first-year earnings, you're looking at potentially $60,000+ in lost income over four years. That gap matters, especially if accounting appeals primarily for its financial stability rather than passion for the work itself.
Where Caldwell University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Caldwell University | — | $53,357 | — |
| Seton Hall University | $69,411 | $87,039 | +25% |
| The College of New Jersey | $74,403 | $85,225 | +15% |
| Rutgers University-Camden | $68,141 | $78,766 | +16% |
| Rutgers University-New Brunswick | $68,141 | $78,766 | +16% |
Compare to Similar Programs in New Jersey
Accounting bachelors's programs at peer institutions in New Jersey (23 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $39,450 | $53,852* | $53,357 | $25,000* | — | |
| $18,685 | $74,403* | $85,225 | $22,500* | 0.30 | |
| $51,370 | $69,411* | $87,039 | $25,000* | 0.36 | |
| $16,586 | $68,141* | $78,766 | $22,770* | 0.33 | |
| $17,079 | $68,141* | $78,766 | $22,770* | 0.33 | |
| $17,239 | $68,141* | $78,766 | $22,770* | 0.33 | |
| 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 Caldwell University, approximately 46% 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 19 similar programs in NJ. Actual outcomes may vary.