Median Earnings (1yr)
$48,637
27th percentile
40th percentile in Michigan
Median Debt
$23,250
7% below national median

Analysis

Calvin University's accounting graduates start at $48,637—below both the Michigan median ($52,668) and national average ($53,694), ranking in just the 40th percentile among Michigan programs. For a field like accounting where entry-level salaries are typically standardized across firms, this gap is noteworthy. The program sits well behind Michigan State ($65,965) and even smaller competitors like Aquinas College ($63,311). The modest debt load of $23,250 provides some cushion, but you're still paying similar amounts to attend schools where graduates earn $10,000-15,000 more right out of the gate.

The 45% earnings jump to $70,257 by year four offers redemption—graduates eventually reach competitive mid-career levels. This suggests Calvin accounting grads catch up once they've proven themselves, though those first few years mean delayed wealth-building compared to peers at stronger programs. The small sample size (under 30 graduates tracked) makes these numbers less reliable than data from larger programs.

If your child has already committed to Calvin for other reasons—campus culture, location, or cost after aid—the accounting program won't derail their career. But if you're choosing between Michigan schools purely on outcomes, several options deliver stronger immediate returns for similar debt. The eventual earnings growth is encouraging, but four years is a long time to wait to catch up.

Where Calvin University Stands

Earnings vs. debt across all accounting bachelors's programs nationally

Earnings Distribution

How Calvin University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Calvin University$48,637$70,257+44%
Michigan State University$65,965$75,633+15%
Hope College$61,120$75,233+23%
Oakland University$59,833$69,885+17%
Concordia University Ann Arbor$51,908$67,933+31%

Compare to Similar Programs in Michigan

Accounting bachelors's programs at peer institutions in Michigan (37 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Calvin UniversityGrand Rapids$38,670$48,637$70,257$23,2500.48
Michigan State UniversityEast Lansing$15,988$65,965$75,633$23,2500.35
Aquinas CollegeGrand Rapids$38,520$63,311
Central Michigan UniversityMount Pleasant$14,190$62,430$65,971$29,0000.46
Albion CollegeAlbion$55,746$62,266$27,0000.43
Walsh CollegeTroy$61,960$59,351$21,5870.35
National Median$53,694$25,0000.47

Career Paths

Occupations commonly associated with accounting graduates

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

$161,700/yrJobs growth:Bachelor's degree

Treasurers and Controllers

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

$161,700/yrJobs growth:Bachelor's degree

Investment Fund Managers

Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$161,700/yrJobs growth:Bachelor's degree

Financial and Investment Analysts

Conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

$101,910/yrJobs growth:Bachelor's degree

Financial Risk Specialists

Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.

$101,910/yrJobs growth:Bachelor's degree

Financial Examiners

Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.

$90,400/yrJobs growth:Bachelor's degree

Budget Analysts

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

$87,930/yrJobs growth:Bachelor's degree

Business Teachers, Postsecondary

Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Accountants and Auditors

Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.

$81,680/yrJobs growth:Bachelor's degree

Tax Examiners and Collectors, and Revenue Agents

Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

$59,740/yrJobs growth:Bachelor's degree

Bookkeeping, Accounting, and Auditing Clerks

Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.

$49,210/yrJobs growth:Some college, no degree

Payroll and Timekeeping Clerks

Compile and record employee time and payroll data. May compute employees' time worked, production, and commission. May compute and post wages and deductions, or prepare paychecks.

$48,650/yrJobs growth:High school diploma or equivalent
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 Calvin University, approximately 14% 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 21 graduates with reported earnings and 36 graduates with debt data. Small samples may not be representative.