Analysis
A bachelor's in accounting carrying $27,000 in debt and yielding first-year earnings around $57,000 represents a manageable financial start, though these figures come from typical outcomes at similar Indiana programs rather than Calumet's own graduate data. The debt-to-earnings ratio of 0.47 suggests graduates could reasonably handle payments while establishing their careersβassuming the peer program estimates hold true here. With nearly half of students receiving Pell grants, this program serves many first-generation and lower-income families for whom a clear path to steady accounting work matters tremendously.
The estimated earnings align with Indiana's median for accounting programs and exceed the national benchmark by about $3,300, which makes sense given the Midwest's strong demand for accounting professionals. However, the spread among Indiana schools is substantial: Notre Dame grads start around $77,000, while Purdue's come in near $63,000. Where Calumet's actual outcomes fall within that range remains uncertain without program-specific data.
For parents weighing this investment, the core question is whether Calumet provides the recruiting relationships and CPA exam preparation that translate credentials into actual jobs. The estimated numbers suggest reasonable economics if graduates land typical entry-level accounting positions, but you'll need to investigate placement rates and employer connections directly with the school to understand if those estimates reflect reality for their students.
Where Calumet College of Saint Joseph Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in Indiana
Accounting bachelors's programs at peer institutions in Indiana (33 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $22,650 | $57,029* | β | $27,000* | β | |
| $62,693 | $76,878* | $89,081 | $19,000* | 0.25 | |
| $51,430 | $71,234* | β | $27,000* | 0.38 | |
| $9,992 | $63,021* | $74,894 | $19,500* | 0.31 | |
| $30,446 | $62,287* | $52,151 | $29,048* | 0.47 | |
| $9,900 | $62,287* | $52,151 | $29,048* | 0.47 | |
| National Median | β | $53,694* | β | $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 Calumet College of Saint Joseph, approximately 48% 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 21 similar programs in IN. Actual outcomes may vary.